Transcription of 1st edition, guidance note Valuing change
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1st edition, guidance note Valuing change
Practice Standards, UK1st edition , guidance noteValuing change1st edition , guidance noteThis guidance note summarises what is meant by change and howit is valued under JCT, NEC and FIDIC forms of contract . change is given specific definition within standard forms of contract ,for example a Variation, change of Employer s Requirements or aCompensation Event. Each of these terms is explained in thedefinition section of the relevant contract is given for each of the main groups of contracts andthe forms in most regular use within those groups, under thefollowing headings which map to the Assessment of ProfessionalCompetence (APC): General Principles (Level 1: Knowing) Practical Application (Level 2: Doing) Practical Considerations (Level 3: Doing/Advising).
1.7 JCT Major Project Construction Contract 7 1.8 JCT Intermediate Building Contract with Contractors Design 8 1.9 JCT Minor Works Building Contract with Contractors Design 8 ... the pricing information included in the contract is of appropriate detail for this purpose. This may take the form of a schedule of rates, which may be quantified.
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