Provision for increase in the contract price to accommodate increase in material and labour cost
A) De escalation clause
B) fluctuating price
C) Fixed price
D) Escalation price
Correct Answer:
Verified
Q2: A contract in which the contractor is
Q3: The person who gives the work on
Q4: ……….. is the portion of work certified
Q5: The work in the process of completion
Q6: …………….. is the provision to increase the
Q7: Estimated profit on incomplete contract can also
Q8: A contract in which the price is
Q9: A portion of the contact entrusted to
Q10: A method of costing applied where costs
Q11: The method of costing applied when articles
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents