Within the Term Service Contract, option C. Who is responsible for the Price List when a target contract is agreed at the start of a scheme?
I’m currently working on a scheme where more regulating material was required by the Contractor whilst on site. All documents were available when the scheme was targeted using a mix of Price List items and new 1st principle items. No changes to the works information has occurred but the Price List did not contain enough regulating material.
Is a Compensation Event for the shortfall in regulating ok as this is an Employers Risk or do we share the omission jointly once we agree a Target Cost?