Consumers should benefit from a recent ruling on the lawfulness of price escalation clauses, which is just as well considering the scope for ?confusion in the draft consumer Rights Bill, ?says Jon ...

In the wake of rising steel prices, railways has revised its contract clause to avoid adverse effect on progress of its infrastructure projects besides insulating contractors from vagaries of the ...

The government must include the price variation clause in contracts for all public works, irrespective of the contract amount and the time given for completion. This is important since it follows the ...

Indian Railways has updated its tender contract conditions to prioritize localization, price variation, and maintenance, aiming for greater procurement flexibility and reduced litigation. The revised ...

Minister of Works, Engr David Umahi, said the federal government has taken steps to “restructure the monstrous contract price variation clause,” which has hindered project execution for years. Umahi ...

Indian Railways has revised its standard conditions of contract for tenders, introducing localisation and price variation clauses while emphasizing maintenance during contract execution, officials ...