Title
To amend City Code § 21-59, concerning contract modification or supplement, for the purpose of providing that no fixed-price contract may be increased by more than 25 percent of the amount of the contract or $100,000.00, whichever is greater, without written approval by the Chief Administrative Officer before any such modification is made.
Body
THE CITY OF RICHMOND HEREBY ORDAINS:
§ 1. That section 21-59 of the Code of the City of Richmond (2020) be and are hereby amended and reordained as follows:
Sec. 21-59. Contract modification or supplement.
A public contract may include provisions for modification of the contract during performance, but no fixed-price contract [that will increase the amount to be expended under such contract in an amount in excess of $100,000.00 in the aggregate shall be made] may be increased by more than 25 percent of the amount of the contract or $100,000.00, whichever is greater, unless the Chief Administrative Officer approves such change in writing in advance of such modification being made.
§ 2. This ordinance shall be in force and effect upon adoption.