Tag: JCT Schedule 2

Variation Valuation Under FIDIC & JCT | Star Rates | E-Basel

Claims » Variations Valuation of Variations — Rates, Star Rates, and Reasonable Cost When a variation is agreed in principle, the next question — often equally contentious — is what it is worth. Variation valuation is not simply measurement and application of contract rates. It requires structured analysis of the pricing mechanism, the character of …

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