Home | Find RFP Service | Why Find RFP | RFP Sources | Bidding Tips | e-Purchasing
 
952-736-1000 my find rfp account My Find RFP sign up find rfp Sign Up
  Search federal, state, local government RFPs, bids & contracts
 
Government Contracting
 
Common Contracting Terms
Bid, Tender
Bidder’s Conference
Competitive Bidding
Contract
Contract Amendment
Government Contractor
Contract Value
Government Procurement
Government Proposal
Invitation to Bid
RFP: Request for Proposal
RFT: Request for Tender
RFQ: Request for Qualification
Federal Contract, Bid or RFP
Local, State Contracts, Bids, RFP
Contract Amendments and Addendums

If you are involved with government contracting there is a good chance that you have come across a government agency changing or modifying a current RFP. Whether it’s construction, healthcare, or telecommunications, it is possible that changes to the government contract can be made during the procurement process. These updates and corrections can be for a variety of different reasons and it is important to understand the language that pertains to each.

An Amendment, in simple terms, is a change to an already existing agreement. This includes various types of changes such as the bids due date, a price adjustment, or supplementary information to the original document. If a contract requires numerous changes, agencies will often times create an entirely new agreement.

An Addendum is usually added to an already existing document if something has been omitted during the initial drafting of the document. Whether it was left out by mistake or not, an addendum is added to the original document only if it has been accepted by the involved agency or party. The addendum is essentially additional information or requirements of the involved parties that has not been specified in the original document. Once the addendum is accepted, it becomes a part of the initial agreement.

While an addendum becomes part of the binding contract, amendments are only part of the contract until further negotiation takes place.

Keeping up with all of the updates during the procurement process can be a stressful task. Well don’t worry. In addition to sending you the entire RFP packet, Find RFP also tracks and sends out any additional amendments and addendums made available after the initial release of the documents. This means you will be notified in real-time of any changes or updates made to the RFP. These updates can be extremely important during the bidding process and we strive to make sure you do not miss a beat.



Read more Blogs on Government RFP, Bid, Contract and Notice


Search RFPs |  Government RFP Sources |  RFP by State |  Service Options |  FAQ |  Search Tips |  Government RFP 101  |  Bids by Industry

Submit A URL |  Testimonials |  Privacy Statement |  Web Site Terms and Conditions of Use |  Partner |  In the News |  RFP, Bids & Contract Blogs | Whitelist  | Contact Us


All Rights Reserved. www.FindRFP.com Updated:11/23/2024
FindRFP Inc, The leader in Government RFP, Government Bids, Government Contracts Finder and Notification