Due to uncertain and sudden increase in POL and Steel prices all over the World during last six to twelve months, the construction industry is realistically affected by both commodities. In such situation how can a Contractor quote his tender and survive in such conditions?
Although the Contract has Escalation Clause but upto what limit the Employer entertain this escaltion in such uncertain situation (too high inflation)?
Although the Contract has Escalation Clause but upto what limit the Employer entertain this escaltion in such uncertain situation (too high inflation)?