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

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
Increasing the direct cost and indirect cost both

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

Rate of inflation
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

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Construction Planning and Management
Mobilization advance up to 10% of the cost of work is given to a contractor

For the payment of advances to labour and other staff
For all activities required to start the work at site on finalization of the contract document
For the purchase of construction materials
On commencement of work at site for payment of loan taken by him

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