Pricing variations
13 September 2012
Buyers must take great care over costing work, as changes to contracts can allow a contractor to take the advantage. Peter Marsh and Frank Griffiths explain
It is easy to order a contractor to vary its work - agreeing a price for the variation is another matter. The purchaser will usually be suspicious of whatever price the contractor, who is in a position of strength in the negotiations, puts forward, justifiably or not.
For this reason, many forms of contract try to relate the price for variations to the rates and...