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CHAPTER TEN VALUATION PROCESS

Construction Contract Variations

CHAPTER TEN

VALUATION PROCESS

VALUATION PROCESS

SECTION A: INTRODUCTION 295
SECTION B: REVIEW OF VALUATIONS AND THE OPENING UP OF CERTIFICATES 296
SECTION C: THE CONTRACT ADMINISTRATOR’S CERTIFICATION ROLE AND DUTIES 309
SECTION D: THE EMPLOYER’S DUTIES IN RELATION TO CERTIFICATION 313
SECTION E: AGREEMENT OF VALUATION AND SETTLEMENT 318

SECTION A: INTRODUCTION

10.1 This chapter considers the process by which variations are valued and the degree to which a contract administrator’s valuation can be challenged. This, in turn, requires consideration of the duties of both the contract administrator and the employer in relation to the exercise of the valuation and certification function.

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