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What is Contract Price?

Contract price is the consideration from Client to Contractor for the due fulfillment of all of Contractors obligations under a Contract, deemed to include for all direct and indirect costs such as but not limited to:

  • Input costs of materials, labour, utilities, plant & equipment, manufacturing/ fabrication;
  • Cost of all bought out / subcontracted items and services;
  • Cost of risks;
  • Contingency;
  • Overheads, and
  • Profit;
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