Real Estate Construction Resolution

WHEREAS, the parties involved in the Real Estate Construction project under [Your Company Name], located at [Your Company Address], have identified the need for changes to the project scope due to [specific reason for change, e.g., unforeseen architectural challenges, compliance requirements, or enhancement of project features];

WHEREAS, it is crucial to ensure that all parties, including [Your Company Name], [Your Partner Company Name / Second Party], and any other stakeholders, are aligned on the decision and fully understand the implications, financial adjustments, and next steps required to proceed;

WHEREAS, this resolution serves as a binding agreement among all involved entities to maintain the project's integrity, adherence to the revised timeline, and management of the budget within the newly established parameters;

Be it resolved, that the [Board of Directors/Project Management Team/etc.] of [Your Company Name] hereby approves the following amendments to the Real Estate Construction project scope, acknowledging that these adjustments are essential for the project's success and the satisfaction of all stakeholders:

Description of the Changes/Additions to the Project Scope: Detailing the specific alterations or additions to the project, including but not limited to architectural designs, materials, and construction methods, ensuring that these changes are in line with the overall project vision and objectives.
Details of Any Related Funding or Budget Adjustments: Outlining the financial implications of the scope changes, including any increases in budget, reallocation of funds, or additional financing required. This section will also specify any impacts on project ROI, funding sources, and payment schedules.
Timeline for Implementing the Approved Changes: Providing a revised project timeline that accounts for the scope changes, including critical milestones, revised completion dates, and any implications for project delivery.

Be it further resolved, that all parties involved in the Real Estate Construction project, including subcontractors, suppliers, and any third-party consultants, are directed to take the necessary steps to execute the approved changes in a timely, efficient, and quality-driven manner, ensuring minimal disruption to the project timeline and budget.

This resolution calls for the steadfast commitment of all parties to communicate openly, resolve any issues collaboratively, and proceed with a shared vision towards the successful completion of the project.

RESOLVED this [Date] day of [Month, Year].

[Name of Signatory]
[Title of Signatory]