Common use of Valuation of Variation Clause in Contracts

Valuation of Variation. Subject to clauses 8.4, 8.5, 10.4, 10.5 and 12.3, the Subcontract Price will be adjusted for the value of all Variations carried out by the Subcontractor by: the proposed adjustment to the Subcontract Price set out in the Subcontractor's notice under clause 10.1 (if any) if agreed by the Contractor; or if paragraph (i) does not apply: if there is a Table of Variation Rates and Prices, an amount determined by the Contractor's Representative using any rates and prices in the Subcontract which may be applicable to the Variation; or a reasonable amount to be agreed between the parties or, failing agreement, determined by the Contractor's Representative. In either case the value of the Variation must include the reasonable costs which will be incurred by the Subcontractor as a direct result of the Variation delaying the Subcontractor.

Valuation of Variation. Subject to clauses 8.4, 8.5, 10.4, 10.5 and 12.3, the Subcontract Price will be adjusted for the value of all Variations carried out by the Subcontractor by: the proposed adjustment to the Subcontract Price set out in the Subcontractor's notice under clause 10.1 (if any) if agreed by the Contractor; or if paragraph (ia) does not apply: if there is a Table of Variation Rates and Prices, an amount determined by the Contractor's Representative using any rates and prices in the Subcontract which may be applicable to the Variation; or a reasonable amount to be agreed between the parties or, failing agreement, determined by the Contractor's Representative. In either case the value of the Variation must include the reasonable costs which will be incurred by the Subcontractor as a direct result of the Variation delaying the SubcontractorSubcontractor achieving Completion by the Date for Completion.