000			01625cam a2200253 4500
001			ABS63635
008			000000n2001 000 0 eng u
035			_a(Sirsi) u111473
100			_aButton, R.
245		4	_aThe fair valuation of variations
260			_c2001
490			_aCSM (Chartered Surveyor Monthly) _vMarch 2001, 36(1)
520			_aDescribes the case of "Weldon Plant Ltd v The Commission for New Towns [2000]", the findings of the arbitrator, and the differing view of the Technology and Construction Court, regarding a disagreement over payment for additional work carried out by a contractor. The arbitrator found that the bill rates could not be applied, and that a fair rate should be used. The Technology and Construction Court disagreed with the arbitrator. It held that where the contract calls for work to be valued according to fair rates and prices, these should include: an allowance of profit; a contribution towards the business's fixed costs and overheads. Contends that this case, along with "Henry Boot v Alstom" , reveal the courts' preference for holding parties to the agreement they have made by using bill rates to calculate the pricing of varied or additional work.
590			_aABS
650			_aWELDON PLANT LTD V COMMISSION FOR THE NEW TOWNS
650			_aHENRY BOOT CONSTRUCTION V ALSTOM COMBINED CYCLES
650			_aADDITIONAL WORKS
650			_aVALUATION OF VARIATIONS
650			_aICE CONDITIONS OF CONTRACT (SIXTH EDITION)
650			_aBILLS OF QUANTITIES
690			_aBUILT ENVIRONMENT-BUILDING CONTRACT FORMS
700			_aMills, R.
942			_n0
999			_c66421 _d66421