What are the three main types of Fluctuation Clauses?
Chapter2: Loads On Structures
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What are the three main types of Fluctuation Clauses?
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Fluctuation clauses are the clauses that are added to a construction contract and are used to deal with the effects of inflation or any other changes in the cost of goods and services used in construction, on the project cost and allow to make required adjustments. The fluctuations clauses entitle the contractor to be reimbursed for any additional cost caused by the factors mentioned in the clause.
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