Construction Planning and Management
During the construction period, price variation clause in contracts caters to

Variation in cost in materials element, labour element and petrol-oil-lubricant element
Increase in rates of only important materials
Rate of inflation
Variation in total cost of the project on an ad hoc basis

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Construction Planning and Management
The reduction in project time normally results in

Increasing the direct cost and indirect cost both
Decreasing the direct cost and indirect cost both
Increasing the direct cost and decreasing the indirect cost
Decreasing the direct cost and increasing indirect cost

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