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What is Price Variation for M&E Works about?
This document outlines special provisions for price variations in Mechanical and Electrical Works under specific contract arrangements. Adjustments to payments will be based on fluctuations in Component Cost Indices for seven main M&E components, with calculations guided by a defined Fluctuation Factor. The Base Indices for these components are determined from a reference publication by the Department of Statistics, and detailed recovery factors and indices for various components are provided in an appendix
- Author
- meshtnb
- Language
- EN