What Is the Essential Difference Between a Change Order and a Modification

question 58

Essay

What is the essential difference between a change order and a modification of contract? Explain.

---

Definitions:

Developmental Assignments

Jobs or projects given to employees with the purpose of helping them acquire new skills or improve existing ones.

Institutionalized Socialization Tactics

Strategies used by organizations to acclimate new employees to the corporate culture and practices, often through structured programs and processes.

Divestiture

The process of selling off subsidiary business interests or investments, often to streamline operations or focus on core activities.

Debasement

refers to the act of lowering in rank, dignity, or significance, often through degradation or depreciation.