Q. During the construction period, price variation clause in contracts caters to (Solved)
1. Increase in rates of only importantmaterials
2. Variation in cost in materials element, labour element and petrol-oil-lubricantelement
3. Variation in total cost of the project on an ad hocbasis
4. Rate of inflation
- b. Variation in cost in materials element, labour element and petrol-oil-lubricantelement