During the construction period, price variation clause in contracts caters to -

Dnyan Deshmukh

Honorary Member
Staff member
Sep 7, 2017
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Pune
During the construction period, price variation clause in contracts caters to -

(a) Increase in rates of only imported materials

(b) Variation in cost in materials element, labour element and petrol oil lubricant
element


(c) Variation in total cost of the project on an adhoc basis

(d) rate of inflation.

Do reply with your answer and if possible add some description to your answer.

Once you reply, you can see the correct answer of the question, its really a fun game and learning.

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gsckannan

Newbie
Feb 27, 2019
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chennai
During the construction period, price variation clause in contracts caters to -

(a) Increase in rates of only imported materials

(b) Variation in cost in materials element, labour element and petrol oil lubricant
element

(c) Variation in total cost of the project on an adhoc basis

(d) rate of inflation.

Do reply with your answer and if possible add some description to your answer.

Once you reply, you can see the correct answer of the question, its really a fun game and learning.

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if you have mentioned in contract for cost escalation and basic price of material. you have to right to ask price variation clause.
 

alexis.lopez

Newbie
May 7, 2019
1
0
Cuba
During the construction period, price variation clause in contracts caters to -

(a) Increase in rates of only imported materials

(b) Variation in cost in materials element, labour element and petrol oil lubricant
element

(c) Variation in total cost of the project on an adhoc basis

(d) rate of inflation.

Do reply with your answer and if possible add some description to your answer.

Once you reply, you can see the correct answer of the question, its really a fun game and learning.

[Hidden content]
D