The priced contract value is turning out to be 50% more than the actual value. Quantities were overstated and the Contractor mobilised based on false quantities.
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In response to your headline question, the answer is ‘No’.
However, under clause 60.4 of option B, you can have a compensation event for reduced quantities.
While on the face of it you get paid less, in terms of rate x ORIGINAL quantities for those items over the 0.5% threshold, you get a re-rate to reflect the reduction in quantities. That ‘re-rate’ would be more than the original rate to reflect the under-recovery of overheads under the original rate.
Having said all of this, it’s not that simple as the re-rate has to take the form of a lump sum - presumably a deduction compared with a original quantity x original rate - in accordance with the last bullet point of option B clause 63.13.