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
Increase in rates of only important materials
Rate of inflation

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Construction Planning and Management
In India, are prefabricated components costlier than those of traditional cast-in-situ items that the prefabricated components replace?

No, because of repetitive manufacture of a number of elements
Yes, because of the very high order of quality control for the factory made components
Yes, because of heavier overheads and handling cost
No, because of savings in site labour

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