During the construction period, price variation clause in contracts caters to________?
Avariation in cost in materials element, labour element and petrol-oil-lubricant element
Bvariation in total cost of the project on an ad hoc basis
Cincrease in rates of only important materials
Drate of inflation
Correct answer
A. variation in cost in materials element, labour element and petrol-oil-lubricant element
Explanation
The correct answer is variation in cost in materials element, labour element and petrol-oil-lubricant element.