in contracts entitle a contractor to suitablyenhancethe conyract price if the cost rises ahead of agiven percentage
Answers
Answer:
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Explanation:
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Concept Introduction:-
A sentence which has a subject, verb, object, and modifiers.
Explanation:-
A question has been provided to us
We need to find the solution to the question
The Escalation Clause in the contract entitles a contractor to suitably the contract price if the cost rises ahead of the given percentage. Escalation clauses are frequently included in contracts to address potential changes in the cost or use of labour and commodities. Therefore, if the cost increases by more than a specified percentage, the contractor is allowed to appropriately increase the contract price.
Final Answer:-
The correct answer is the Escalation Clause in the contract entitles a contractor to suitably the contract price if the cost rises ahead of the given percentage.
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