Build a Working Capital Strategy that Strengthens Your Financial Future:
An Addendum is a supplementary document issued by the project owner to contractors during the bidding phase. It serves to add new information, clarify existing details, or modify specific elements within the original bid documents. This ensures all bidders have access to the most up-to-date and accurate project information.
A supplementary document or modification added to a contract, official document, or agreement after its initial issuance. It serves to clarify, revise, or expand upon the original content, often providing additional information, corrections, or updates necessary for the accurate completion of a project. In the context of construction, addenda are commonly issued during the bidding process to address queries, provide further details, or make adjustments to project specifications. They are crucial for ensuring that all parties have the most current and accurate information.
Adding new requirements to a building contract after initial submission.
