Q. During the construction period, price variation clause in contracts caters to__________________?
a. increase in rates of only important 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 ad hoc basis
d. rate of inflation
ANSWER: variation in cost in materials element, labour element and petrol-oil-lubricant element
Answer & Explanation
No explanation is available for this question!
