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4 PRICE

FIDIC Contracts Law and Practice

4

PRICE

INTRODUCTION

4.1 Price is a core element of a construction contract, not only in respect of payment of the Contract Price, but also in respect of how it is to be determined, the manner in which the Contract Price is paid to the Contractor, the reasons for which the price is adjusted, and the elements of risk that have been incorporated into the Contract Price.

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