A project variation agreement is a legal document used to formalize changes, modifications, or amendments to the original terms, specifications, scope, or conditions of a project outlined in a contract or agreement between parties. It serves as a means to document and approve alterations to the project that deviate from the initial agreement.
The need for a project variation agreement typically arises when circumstances change, new requirements emerge, or unforeseen issues arise during the course of the project, necessitating adjustments to the original plan. These variations may involve changes in project scope, timelines, deliverables, resources, costs, or other aspects of the project.
A project variation agreement helps ensure that changes to a project are properly documented, approved, and implemented in a manner that maintains clarity, transparency, and accountability among the parties involved.