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sarath babu (ADVOCATE)     14 October 2013

Price variation charges

DEAR EXPERTS

PLEASE SOLVE MY PROBLEM. WHAT IS PRICE VARIATION CHARGE IN A CONTRACT.

WHETHER PRICE VARIATION APPLIES IN CASE DURING EXTENDED PERIOD OF CONTRACT.

THE CLAUSE IN AGREEMENT IS 15% PVC IS APPLICABLE IF DELAY IS NOT ATTRIBUTABLE TO CONTRACTOR.

ANOTHER CLAUSE IS PVC IS APPLICABLE ONLY DURING THE PERIOD OF  COMPLETION OF ORIGINAL TENDER.  

TIME EXTENSION PERIOD IS GIVEN BY THE EMPLOYER FOR HIS DEFAULT

BUT NOW THE EMPLOYER IS TELLING THAT CONTRACTOR IS ELIGIBLE ONLY TO ORC AND NOT TO PVC.

PLEASE GIVE JUDGMENTS REGARDING    



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