What does COR mean in ACADEMIC & SCIENCE
COR stands for Change Order Request. This is a request made to change the terms of an existing contract or order. A COR is typically requested when either the customer or the seller needs to modify what was agreed to in the contract, such as increased prices, different quantities, and/or extended deadlines for completion.
COR meaning in Academic & Science in Academic & Science
COR mostly used in an acronym Academic & Science in Category Academic & Science that means Change Order Request
Shorthand: COR,
Full Form: Change Order Request
For more information of "Change Order Request", see the section below.
Essential Questions and Answers on Change Order Request in "SCIENCE»SCIENCE"
What does COR stand for?
COR stands for Change Order Request.
How is a COR issued?
Typically, a COR will be issued by either the buyer or seller in a contract or order. The party requesting the change will draft up the new terms they want to put in place and present them to their counter-party for agreement.
What types of changes can be requested in a COR?
Changes that can be requested in a COR include adjusting prices, altering quantities, and extending timelines for completion.
Can changes be made without issuing a COR?
Generally speaking, it is important to have changes officially documented with a COR and signed off on by both parties before implementing them; however, depending on the situation additional informal changes may occur between parties as well.
Does issuing a COR automatically mean that it will be approved?
No, not necessarily. It is ultimately up to both parties involved to agree on any proposed changes before they are implemented and must both agree upon the same terms listed within the COR.
Final Words:
A Change Order Request (COR) is an important document used when one party wants to alter terms within an existing order or contract. By having all parties agree formally on any alterations via a signed off document like this before implementation helps ensure everyone is on board with any changes that were made.
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