chartered accountant
635 Points
Joined December 2008
hi,
i have a doubt regarding the solution of escalation claim question of cost & fm.
in the solution escalation is claimed on the basis of variance of price but not on the utilisation of labour and material, if u go through the definition of escalation claim it says that escalation clause is usually provided in the contract as a safeguard against any likely changes in the price or utilisation of material and labour.
so i beileve that utilisation of labour and material is also have to consider while calculating escalation claim
please clearify me if i am wrong,