Hi all,
Project started during the 3rd quarter of this year when the oil prices were highest. On a small project ($5Million) would you select to terminate the Contract in order to re-tender it again and save 30-40%.
It is the same when the Contractor is losing 30-40% because of escalation in prices, but in this case, the Client is losing the 30-40% because of decrease in prices.
Thank you for your comments in advance.
Best,
Samer
Project started during the 3rd quarter of this year when the oil prices were highest. On a small project ($5Million) would you select to terminate the Contract in order to re-tender it again and save 30-40%.
It is the same when the Contractor is losing 30-40% because of escalation in prices, but in this case, the Client is losing the 30-40% because of decrease in prices.
Thank you for your comments in advance.
Best,
Samer