Is The Contractor Bound by His Tendered Rates if the Quantities Changed Substantially

In principal, tendered rates once contracted, shall hold firm for all variations, unless the contract provisions allow for its adjustment due to difference in quantities, character, conditions, etc.

Any adjustment will depend very much upon the QS/SO valuing the varied work under its circumstances.

In this series, Entrusty Group will provide the answer to the frequently asked question – Is the Contractor bound by his tendered rates, if the quantities changed substantially?

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