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.
The correct Answer Is
(b) Variation in cost in materials element, labour element and petrol oil lubricant
(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.
The correct Answer Is
(b) Variation in cost in materials element, labour element and petrol oil lubricant