Construction Contract Variations
CHAPTER TEN
VALUATION PROCESS
VALUATION PROCESS
| SECTION A: INTRODUCTION | 295 |
| SECTION B: REVIEW OF VALUATIONS AND THE OPENING UP OF CERTIFICATES | 296 |
| SECTION C: THE CONTRACT ADMINISTRATOR’S CERTIFICATION ROLE AND DUTIES | 309 |
| SECTION D: THE EMPLOYER’S DUTIES IN RELATION TO CERTIFICATION | 313 |
| SECTION E: AGREEMENT OF VALUATION AND SETTLEMENT | 318 |
SECTION A: INTRODUCTION
10.1
This chapter considers the process by which variations are valued and the degree to which a contract administrator’s valuation can be challenged. This, in turn, requires consideration of the duties of both the contract administrator and the employer in relation to the exercise of the valuation and certification function.