Md. Code Regs. 21.07.02.03

Current through Register Vol. 51, No. 12, June 14, 2024
Section 21.07.02.03 - Variations in Estimated Quantities

Mandatory provision for only those construction contracts that contain estimated quantity items:

"Variations in Estimated Quantities

"Where the quantity of a pay item in this contract is an estimated quantity and where the actual quantity of such pay item varies more than twenty-five percent (25%) above or below the estimated quantity stated in this contract, an equitable adjustment in the contract price shall be made upon demand of either party. The equitable adjustment shall be based upon any increase or decrease in costs due solely to the variation above one hundred twenty-five percent (125%) or below seventy-five percent (75%) of the estimated quantity. If the quantity variation is such as to cause an increase in the time necessary for completion, the procurement officer shall, upon receipt of a written request for an extension of time within ten (10) days from the beginning of the delay, or within a further period of time which may be granted by the procurement officer before the date of final settlement of the contract, ascertain the facts and make the adjustment for extending the completion date as in the procurement officer's judgment the findings justify."

Md. Code Regs. 21.07.02.03

Regulation .02 amended effective 46:14 Md. R. 621, eff. 7/15/2019