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?
The calculations of head office overheads or “extended home office overheads” have been puzzling many in the construction industry for a number
The construction industry is a complex industry with many parties involved in its process and operations, often brought together to work for
In this article, BK Entrusty aims aims to provide readers with a better understanding of the terms Fitness for Purpose and Suitability,
Entrusty Group A multi-disciplinary group providing comprehensive consultancy, advisory and management services in commercial & contractual, project, construction, facilities, quality and value management, cost management, executive search/personnel recruitment as well as corporate training/seminars/workshops to various industries particularly in construction and petrochemical, both locally and internationally.
