ARTICLE 12 – VARIATIONS
12.1 STL may instruct the Contractor to proceed with any change and/or variation in the scope of Contracted Works. The Contractor shall notify in writing to STL within five (5) calendar days upon receipt of the notice of variation, of any consequences on the Contract Price and/or time for completion, if any. Should the Contractor fail to notify such alleged consequences within that time period, the Contractor shall be barred from any compensation, if any Notwithstanding the foregoing, the Contractor shall forthwith proceed with any change instructed by STL.
12.2 The pricing of any change shall be discussed and shall be based on the rates and prices included in this Agreement. If such rates and prices are not reasonably applicable to such change or variation, the Parties shall agree on reasonable rates and prices based on market pricing and benchmarking done by STL.
12.3 The Contractor shall minimize the time impact of any variation. The Parties shall use their best endeavors to agree on the time impact, taking into account the overall Project deadlines.
12.4 The Contract Price shall not be increased nor shall the schedule be extended as a result of the variation of the Contracted Works, if such increase or extension arises or is required (i) to ensure that the Contracted Works satisfy the requirements of the Agreement; or (ii) as a result of any alteration, omission or default of Contractor, or (iii) in connection with a previous variation.