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Construction contracts

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Construction contracts

  • This topic has 1 reply, 2 voices, and was last updated 12 years ago by MikeLittle.
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  • May 5, 2013 at 1:34 pm #124588
    hasanali95
    Member
    • Topics: 239
    • Replies: 248
    • ☆☆☆

    If the contract price is 8000 but if negotiations with customer are successful then the contract price will increase to 10,000 and the lawyers are reasonably confident that the customer will have to bear the additional costs.What do we do?take the contract price as 10k or 8k?

    May 5, 2013 at 8:33 pm #124661
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23333
    • ☆☆☆☆☆

    I believe I would take 8,000 until the certainty of the increase were absolutely assured

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