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
Variation in total cost of the project on an ad hoc basis
Rate of inflation
Increase in rates of only important materials

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Construction Planning and Management
Sinking fund is

A part of the money kept in reserve for providing additional structures and structural modifications
Raised to meet maintenance costs
The total sum to be paid to the municipal authorities by the tenants
The fund for rebuilding a structure when its economic life is over

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