In todays video, we’re going to define what the fluctuation provision clause is, give you the pro’s and con’s for using the clause and answering the question in the title, is it now time to include fluctuation provisions in your JCT contract?
In most construction contracts where fluctuation provisions have not been used, the risk of price rises are borne primarily by the Contractor. At the time of tender, the Employer and the Contractor agree a contract for a certain price, and the Contractor is the one who suffers if the materials or labour required go up in price.
Find out more from our blog post here: [ Ссылка ]
#QuantitySurveying #FluctuationProvisions #JCTContracts
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