Inscrivez-vous ou connectez-vous pour rejoindre votre communauté professionnelle.
Compensation for prolongation shall be assessed based on work that actually done unless otherwise expressly provided in the contract (e.g. by evaluation based on contract rates).
The objective is to put the Contractor in the same financial position it would have been if the Employer Risk Event had not occurred.
Calculation of Compensation for prolongation can't be assessed in advance in usual practice. In common such clause should be in written contract while it has being executed. Other wise it should be calculated on the basis of mutual agreement between the parties who has executed the contract by considering the market price fluctuation occurred beyond the contractual period and terms. otherwise it has to be treated as a risk factor while its execution itself.
