Under the JCT SBC 2016, who is responsible for calculating fluctuation adjustments under Option C, and if the Contractor has been prompted to include for their adjustment in their payment application and fails to do so, does this waiver their right to claim for fluctuations, or is the QS obliged to make the assessment and apply the adjustment as part of assessing the amount due.
The Contractor should include the calculations in its applications for payment. The QS should then either agree the calculations or reach some other agreement on the figures.
Mike, thanks for your feedback. What if the contractor does not include for adjustments in their application or if they do not submit an application at all?
If they dont apply then I wouldn’t value it.