My costs have risen since I priced the job? Every question we answer on it, grouped by subject.
Usually not for the rise itself, but you may still recover the part your main contractor caused.
A price fluctuation clause adjusts your price when named costs move after a base date, so a rise is paid rather than absorbed.
They apply only if your subcontract selects a fluctuations option, and then only by that option's method, from its base date, for what it covers.
The base date is the date your prices are fixed to, and your subcontract measures any fluctuations from it.
X1 adjusts what you are paid in line with published indices, using the proportions, indices and base date set out in the Contract Data.
Usually yes, as long as it has not been accepted: a quotation is an offer, and you can withdraw an offer before acceptance.
Often yes, if your subcontract pays for the delay and you can show it pushed your work into dearer months.
Yes, for the part that runs on site: your price terms are now fixed, but we set up the record that proves each price movement.
Four sets of papers: the signed subcontract, your tender as priced, your cost records for the affected periods, and the account and notices so far.