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UULUOt II CI IVCIUF a IU.U/Of Zr OH-OLr 7-400 I-MOOJ-4 I I40JDODC4U <br /> PO#:461002243 <br /> Routing#:24-HA4-ZG-00107 <br /> EXHIBIT G SAMPLE OPTION LETTER <br /> Date: Original Contract CMS#: Option Letter# CMS Routing# <br /> 1) OPTIONS: <br /> a. Accept and approve Payment Schedule Updates under Section 6 of the Original Contract and modify the <br /> Encumbrance Amount. <br /> b. Accept and approve the Payment Schedule Updates for a Contract Modification Order(on form of Exhibit E) <br /> which impacts the Project Commitment Amount and/or the fiscal year Encumbrance Amount pursuant to <br /> Section 19 of the Original Contract,and modify the Project Commitment Amount and/or Encumbrance <br /> Amount. <br /> 2) REQUIRED PROVISIONS. All Option Letters shall contain the appropriate provisions set forth below: <br /> a. For use with Option 1(a): In accordance with Section 6 of the Original Contract between the State of <br /> Colorado,Colorado Department of Transportation,and+ € L'. ! : : • ,';,1,.•1- .. ,the State hereby exercises its <br /> option to accept and approve the Payment Schedule Update attached hereto as Attachment 1 to Option <br /> Letter,which is incorporated by reference herein(the"Payment Schedule Update")or to encumber the <br /> balance of the Original Contract's maximum not to exceed price for the final fiscal year of construction. As of <br /> the effective date of this Option Letter,the Payment Schedule attached to the Original Contract shall be deleted <br /> in its entirety and replaced with the attached Payment Schedule Update and the Encumbrance Amount(as such <br /> term in defined in Section 6 of the Original Contract)shall be increased/decreased by$amount of change to a <br /> new Encumbrance Amount of Insert New$Amt as consideration for services/goods ordered under the Contract <br /> for fiscal year indicate Fiscal Year. The total Contract value including all previous amendments,Option <br /> Letters, etc. is Insert New$Amt. <br /> b. For use with Option 1(b): In accordance with Section(s) 19 and 6 of the Original Contract between the State <br /> of Colorado,Colorado Department of Transportation,and ,the State hereby exercises <br /> its option to accept and approve the modified Project Payment Schedule attached hereto as Attachment 1 to <br /> Option Letter,which is incorporated by reference herein(the"Payment Schedule Update").As of the <br /> effective date of this Option Letter,the Payment Schedule attached to the Original Contract shall be deleted in <br /> its entirety and replaced with the attached Payment Schedule Update and[insert information below and if <br /> necessary delete the options not required]: <br /> i. the Project Commitment Amount(Contract Maximum Amount shown on the Signature Cover Page of the <br /> Contract)shall be increased/decreased by$amount of change to a new Project Commitment Amount of <br /> Insert New$Amt for work ordered under the Contract. <br /> ii. the Encumbrance Amount shown on the Signature Cover Page shall be increased/decreased by$amount <br /> of change to a new Encumbrance Amount of Insert New$Amt as consideration for services/goods ordered <br /> under the Contract for fiscal year indicate Fiscal Year. The total Encumbrance Amount for all fiscal years <br /> including all previous amendments,Option Letters,this Option Letter is Insert New$Amt. <br /> 3) Effective Date. The effective date of this Option Letter is upon approval of the State Controller or <br /> whichever is later. <br /> Exhibit G Page 46 of 63 <br />