Discuss and illustrate out the significance of a price adjustment clause in a procurement contract. Your answer must consist of some exs.
The major obligation of the Public Body is to pay the Contractor promptly after due date. Discuss and describe the consequences of late payment to public body.
Discuss and illustrate out the four (4) circumstances when a public body might terminate a contract.
prepare concise notes on the following:
a) Liquidated Damages
b) Retention Money
c) Acceptance Report
d) Force Majeure