Fluctuations
Terms that adjust your price for rises and falls in costs after your base date.
by Jack Butler-Kettle · About 1 min readShare
Further detail
Fluctuation provisions describe how specified changes in cost are reflected in the contract price. They may use indices, defined cost categories or other agreed rules. The relevant option must actually be included, and amendments can narrow or remove its effect.
Keep the baseline, evidence and calculation method together. Our Project cost reporting and cost value reconciliation service tracks adjustments under the mechanism actually incorporated in the agreement.