What is the process for renegotiating a government contract?

The process for renegotiating a government contract in North Carolina involves several steps. The first step is for the contractor to contact the government agency with which they have the contract in order to determine whether the agency is amenable to the idea of renegotiating the terms of the contract. Once this is established, the contractor and the agency will need to determine the specifics of the renegotiation. This usually involves both parties drafting new terms for the contract and then negotiating these terms until an agreement is reached. Once the terms have been mutually agreed upon, the agency and the contractor should draft a new contract that incorporates the renegotiated terms. This new contract should be signed by both parties, and should include a section which outlines specific steps if either party wishes to amend or terminate the contract in the future. If the contract is amended or terminated, the agency and the contractor should inform each other in writing. It is also important for the contractor to inform the agency of any changes to the work they are performing under the contract. This should include changes in personnel or services that are being provided. Finally, the amended contract should be filed with the North Carolina Department of Administration and the Office of State Contract Administration. This is to ensure that the renegotiated terms are enforceable in case either party fails to comply with the new contract.

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