πŸ“‘ Contract term extension letter

About this category

A contract term extension letter is a document that is used to extend the terms of a contract. This could include extending the length of the contract, the payment terms, or the delivery terms. The letter should state the reason for the extension and the new terms that will be in place.

πŸ“‘ Contract term extension letter

templates

Contract Extension Letter (Public Procurement Regime)

A letter from a contracting authority to a contractor, either notifying the contractor that an option to extend the term of their contract subject to the public procurement regime is being exercised, or to record an agreement that the term of the contract will be extended.

What to watch out for

  • The contracting authority should ensure that the letter complies with the requirements of the public procurement regime
  • The letter should be in writing and should be signed by both parties
  • The letter should specify the new end date of the contract and any other relevant details
  • The letter should be dated and should include the original contract reference number
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    Associated business activities

    Extend term of contract

    If a party wants to continue working under the same contract, they may want to extend the term of the contract. This could be for many reasons, such as if both parties are happy with the current arrangement, or if the original contract was only for a short period of time and both parties want to continue the arrangement for a longer period. If the contract does not specify a date for it to end, then either party can give notice to end the contract. However, if the contract does specify an end date, then both parties must agree to any extension of the term.

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