Valuation of Variations. 9.3.15 Delete the last sentence of 9.3.15 and replace with
Valuation of Variations. No claim for an extra Item shall be allowed unless it shall have been executed under the authority of the SBI with the concurrence of the SBI as herein mentioned. Any such extra is herein referred to as authorized extra and shall be made in accordance with the following provisions.
(i) The net rates or prices in the contract shall determine the valuation of the extra work where such extra work is of similar character and executed under similar conditions as the work priced herein.
(ii) Rates for all items, wherever possible should be derived out of the rates given in the priced BOQ.
b) The net prices of the original tender shall determine the value of the items omitted, provided if omissions do not vary the conditions under which any remaining items of Works are carried out, otherwise the prices for the same shall be valued under sub Clause ‘c’ hereunder.
c) Where the extra works are not of similar character and/or executed under similar conditions as aforesaid or where the omissions vary the conditions under which any remaining items or works are carried out, then the Contractor/ Vendor shall within 7 days of the receipt of the letter of acceptance inform the SBI of the rate which he intends to charge for such items of work, duly supported by analysis of the rate or rates claimed and the SBI shall fix such rate or prices as in the circumstances in its opinion are reasonable and proper, based on the market rate.
d) Where extra work cannot be properly measured or valued the Contractor/ Vendor shall be allowed day work prices at the net rates stated in the tender, of the BOQ or, if not, so stated then in accordance with the local day work rates and wages for the district; provided that in either case, vouchers specifying the daily time (and if required by the SBI) the xxxxxxx’x name and materials employed be delivered for verifications to the Architect /consultant at or before the end of the week following that in which the work has been executed.
e) It is further clarified that for all such authorized extra items where rates cannot be derived from the tender, the Contractor/ Vendor shall submit rates duly supported by rate analysis worked on the ‘market rate basis for material, labour hire / running charges of equipment and wastages etc. plus 15% towards establishment charges, Contractor/ Vendor’s overheads and profit. Such items shall, not be eligible for escalation.
Valuation of Variations. All variations referred to above and any additions to the Contract Price which are required to be determined accordingly, shall be valued at the rates and prices set out in the Contract if, in the opinion of LOST, the same shall be applicable. If the Contract does not contain any rates or prices applicable to the varied work, the rates and prices in the Contract shall be used as the basis for valuation so far as may be reasonable, in agreement between LOST and the Contractor. In the event of disagreement LOST shall fix such rates or prices as are, in its opinion, appropriate and shall notify the Contractor accordingly. Until such time as rates or prices are agreed or fixed, LOST shall determine provisional rates or prices to enable on-account payments.
Valuation of Variations. The Engineer shall estimate to the Employer the amount to be added or deducted from the Contract Price in respect of any variation, addition or omission. In the case of any variation, addition or omission which may result in an increase of the Contract Price, the Engineer shall communicate such estimate to the Employer together with his request for the Employer's written approval of such variation, addition or omission. The value of any variation, addition or omission shall be calculated on the basis of the unit prices contained in the Bill of Quantities.
Valuation of Variations. All variations referred to in Clause 13.1 & 13.2 and any additions to the Contract Price which are required to be determined in accordance with Clause 13.3, 13.4 and 13.5 (for the purposes of this Clause referred to as “varied work”), shall be valued at the rates and prices set out in the Contract if, in the opinion of the Engineer, the same shall be applicable. If the Contract contain any rates or prices applicable to the varied work, the rates and prices in the Contract shall be used as the basis for valuation so far as may be reasonable, failing which, after due consultation by the Engineer with the Employer and the Contractor, suitable rates or prices shall be agreed upon between the Engineer and the Contractor. In the event of disagreement, the Engineer shall fix such rates or prices as are, in his opinion, appropriate and shall notify the Contractor accordingly, with a copy to the Employer. Until such time as rates or prices are agreed or fixed, the Engineer shall determine provisional rates or prices to enable on-account payments to be included in certificates issued in accordance with Clause 15.
Valuation of Variations. The Sub-Contract Sum will be increased or decreased for all directed Variations by the following order of precedence:
a. by an amount determined by Total using any rates or prices set out in a Schedule of Rates; or
b. should there be no Schedule of Rates, or if the rates or prices set out in the Schedule of Rates are not applicable, Total will determine:
i. if the Variation involves additional or increased work, a reasonable amount to which will be added the amount for Sub-Contractor Profit and Overhead stated in the Sub-Contract Particulars; or
ii. if the Variation involves decreased or omitted work, a reasonable amount (including an amount for off-Site overhead and profit).
Valuation of Variations. The enlargements, extensions, diminution, reduction, alterations or additions referred to in Sub-Clause (2) of this Clause shall in no degree affect the validity of the contract; but shall be performed by the Contractor as provided therein and be subject to the same conditions, stipulations and obligations as if they had been originally and expressively included and provided for in the Specifications and Drawings and the amounts to be paid therefor shall be calculated in accordance with the accepted Bill(s) of Quantities. Any extra item(s)/quantities of work falling outside the purview of the provisions of Sub-Clause (2) above shall be paid for at the rates determined under Clause-39 of these Conditions.
Valuation of Variations.
(a) Unless otherwise agreed in writing between the City and the Consultant, the value of a variation will be determined by the City using the rates set out in Part B of Schedule 2.
(b) If Part B of Schedule 2 does not include rates relevant to the variation, rates and prices that in the opinion of the City are reasonable will apply, having regard to the market for services similar to the Services.
(c) Following valuation of a variation in accordance with this clause 8.2, the City will adjust the Fee accordingly.
Valuation of Variations. 1) All extra or additional work done or Work omitted by order of the Engineer shall be priced at the rates and prices set out in Part-II of Special Conditions of Contract.
Valuation of Variations. Before either Party acts on a Preliminary Variation, the Parties shall have executed a written Variation (which may be the Preliminary Variation signed by both Parties) incorporating the changes in question and providing for any change in any Milestones, any change in the Programme or other dates for completion or delivery, any increase or reduction in the Contract Price and any change in the scope of work, the Contractor's standards of performance or warranties, the technical soundness of the Works or other provisions of the Contract. Any adjustment of the Contract Price shall take into account, among other things, any elimination or avoidance of work to be performed resulting from the changes in the scope of work and from assistance given by the Purchaser. Each Variation shall, if appropriate, also include any necessary consequential changes to the Payment Schedule in order to allocate such change equitably over the remaining instalments for payment of the Contract Price. Execution of a Variation shall indicate each Party's full, final and unconditional agreement with the matters prescribed in such Variation.
