What is defined as a "Contract Modification"?

A "Contract Modification" is specifically defined as a written change in the terms of a contract. This encompasses various types of adjustments that can be made to the contract, such as altering the scope of work, changing the delivery schedule, or amending payment provisions. These modifications are essential for accommodating unforeseen circumstances or changes in project requirements while maintaining the integrity of the contractual agreement.

In the context of contracts, modifications must be documented in writing to ensure clarity and legality, protecting both parties involved. This process allows for flexibility in contract management and helps avoid disputes by clearly outlining what changes have been agreed upon.

The other options pertain to different aspects of contract management but do not accurately capture the definition of a contract modification. Например, the termination of a contract is a separate action that ends the agreement rather than modifying it. Similarly, requests for additional funding relate to financial adjustments rather than direct changes to the contract terms, and proposals to modify performance metrics involve suggestions rather than documented changes recognized legally. Thus, a written change is the most fitting description of what constitutes a contract modification.