MCQOPTIONS
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| 1. |
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» C. variation in total cost of the project on an ad hoc basis | |