Provision for increase in the contract price to accommodate increase in material and labour cost

Related MCQs

• …………….. is the provision to increase the contract price increase in the Cost of construction over a particular level
• ……………. In a contract , provides that the contract price would be suitably enhanced on the happening of a specified contingency
• A contract in which the price is fixed in advance is a ………….. contract
• Contract price is the cost of work done plus a percentage
• The cost which varies proportionate to increase in production is …….. cost
• When the competition stage of a contract is less than ¼ , the total expenditure on the contract is transferred to ………… account
• In a contract costing payment of cash to the contract is made on the basis of …………………………. Work
• When the completion stage of a contract is less than ¼ of the total expenditure on the contract is transferred to
• In which type of contract, the contractee agrees to pay the cost of work done plus a percentage of overhead and profit
• Contract price is fixed in advance