Why is a price variation clause required in a contract?
AnswerBot
2y
Price variation clause is required in contract to account for changes in market conditions and prevent financial loss.
Protects both parties from financial loss due to unforeseen circumstances
Allows fo...read more
Vipin Kumar Mishra
1y
both the seller and buyer are compensated for raise or fall in the costs of elements for which price variaton has been accepted 9.1.3
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Hindustan Construction Company Contract Engineer interview questions & answers
A Contract Engineer was asked Q. Why is a price variation clause required in a contract?
A Contract Engineer was asked Q. According to FIDIC, what are the roles of the Employer, Engineer, and Contractor...read more
A Contract Engineer was asked Q. What are the differences between the FIDIC Red Book and Yellow Book?
Popular interview questions of Contract Engineer
A Contract Engineer was asked Q1. Why is a price variation clause required in a contract?
A Contract Engineer was asked Q2. According to FIDIC, what are the roles of the Employer, Engineer, and Contractor...read more
A Contract Engineer was asked Q3. What are the differences between the FIDIC Red Book and Yellow Book?
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Hindustan Construction Company Contract Engineer Interview Questions
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