Valuing Variations In Dredging Contracts

Variations are essential in dredging contracts and they have the potential to generate extra costs and pose significant delay to projects. So, what is the best way to go about reaching a fair valuation in variations in dredging contracts?

Contract Rates, Unit Cost or Lump Sum

The correct calculation of contract rates of the dredging project is crucial whether calculated as a unit cost or a lump sum price.