Extension of Time (EOT)
- Extension of Time (EOT)
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Extension of Time (EOT) is a contractual provision that allows the contractor additional time to complete the project without penalty due to delays caused by unforeseen events, such as inclement weather, changes in scope, or other factors beyond the contractor’s control.
Contractors who understand concepts like extension of time (eot) and stay organized build more profitable businesses. Projul gives you the tools to manage projects, costs, and communication in one place.