So, on Nov 1 the new FAR BAR contract became effective and we have already discussed the effect of those changes. Now we will discuss the changes to the addenda used. Review this document. And perhaps this post. There are not many changes that affect the FAR BAR As-Is so I’ll just touch on the most common below.
But FIRST, ONLY use the addenda that are designated to be used with the base contract. In short, do NOT use non FAR/BAR riders with the FAR/BAR Contract UNLESS it is drafted by a lawyer. Period. What riders are available? These ones…
So, on Nov 1 the new FAR BAR contract became effective and we have already discussed the effect of those changes. Now we will discuss the changes to the addenda used. Review this document. And perhaps this post. There are not many changes that affect the FAR BAR As-Is so I’ll just touch on the most common below.
But FIRST, ONLY use the addenda that are designated to be used with the base contract. In short, do NOT use non FAR/BAR riders with the FAR/BAR Contract UNLESS it is drafted by a lawyer. Period. What riders are available? These ones…
