Under FAR, what is a "contract modification"?

A "contract modification" under the Federal Acquisition Regulation (FAR) is defined as a written alteration of specifications, delivery points, or terms of a contract. This definition encompasses a range of adjustments that can be made to a contract, including changes in the scope of work, schedule, contract terms, and other critical elements that may arise during the execution of the contract.

This flexibility is essential in government contracting, as it allows both the contracting officer and the contractor to respond to unforeseen circumstances or changes in needs without creating a new contract. Modifications can also address administrative issues and ensure that the contract remains current and applicable.

Other options do not fully capture the breadth of what a contract modification entails. For instance, restricting the definition to an amendment to the price only does not reflect the various types of changes that can occur. Similarly, labeling a contract modification as a cancellation or a transfer of obligations misses the key aspect of updating or changing existing contract terms rather than terminating or shifting responsibilities. Thus, the most accurate description aligns with the broader scope of adjustments represented in the correct answer.