The point of recovery of costs following an EoT is to put the contractor back in the same position costwise that he would have been but for the delay.
It is not a permit to recover all the cost over runs that have been incurred which may have many causes other than the delay.
Costs in respect of an EoT are the actual EXTRA costs paid out during the period of the delay event and then only for the duration of the extended end date.
Member for
19 years 10 monthsHi MadanThe point of recovery
Hi Madan
The point of recovery of costs following an EoT is to put the contractor back in the same position costwise that he would have been but for the delay.
It is not a permit to recover all the cost over runs that have been incurred which may have many causes other than the delay.
Costs in respect of an EoT are the actual EXTRA costs paid out during the period of the delay event and then only for the duration of the extended end date.
I hope this helps
Best regards
Mike Testro