Consumers should benefit from a recent ruling on the lawfulness of price escalation clauses, which is just as well considering the scope for ?confusion in the draft consumer Rights Bill, ?says Jon ...

In the wake of rising steel prices, railways has revised its contract clause to avoid adverse effect on progress of its infrastructure projects besides insulating contractors from vagaries of the ...

New Delhi: With rising steel prices threatening timely completion of several ongoing works, the railways may opt for revising the price variation clause in future projects to protect contractors from ...

The government must include the price variation clause in contracts for all public works, irrespective of the contract amount and the time given for completion. This is important since it follows the ...