Article
PWC: Adjustments To Contract Sum (Part 2)
This article examines the mandatory Clause 10.6 valuation hierarchy under the Public Works Contract, exploring how adjustments to contract sums are calculated through rate-based and cost-based methods. It analyzes the legal framework governing variations, from contractual valuation rules through to residual remedies of fair valuation and quantum meruit, with particular attention to preliminary overheads and the procedural discipline required of employers and Employer's Representatives.
William Fry