Contracts & Buyout

Change Event

A potential change to the work, logged and priced early — before it becomes a formal change order.

A change event is the early-warning record of a possible change: a design revision, a field condition, an owner request, or an RFI answer that looks like it will cost time or money. Logging it as a change event lets the team estimate the financial impact and pursue pricing (RFQs to subs) before committing to a formal change order.

Think of change events as the funnel that feeds change orders. Catching a change early — while it's still a change event — means you can quantify it, notify the owner, and protect your entitlement to be paid for it, instead of discovering the cost after the work is already done.

Related terms

Change Order

A formal, signed modification to a contract that adjusts its scope, price, or schedule after it's been executed.

RFI (Request for Information)

A formal question from the contractor to the design team to resolve something the drawings or specs don't clearly answer.

Commitment

A subcontract or purchase order — a signed agreement committing money to a subcontractor or supplier for a defined scope.

From term to skill

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