Essential law: Variations, part two

By Sara Cunningham 2020-06-03T05:00:00

Continuing our series on the basics of construction law, Sara Cunningham considers some of the issues that can arise when valuing variations under a construction contract

Variations may give rise to additions or deductions from the contract sum and may also require an adjustment to the completion date, depending on the nature and scale of the variation. The key starting point when valuing a variation is the terms of the relevant construction contract.

How are variations valued?

Generally speaking, there are two approaches to the valuation of variations:

Using contractual rates
Valuing on a cost basis.

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