Martinovic
2022-02-23 20:38:33
- #1
Hello everyone,
how would you assess the following case?
The following is regulated in a construction contract regarding the fixed price guarantee:
A fixed price guarantee of 12 months is agreed upon. After expiration, the purchase price changes by the amount of the inflation rate plus a surcharge of x %.
Nothing else is regulated.
In your opinion, when does the fixed price guarantee begin (in my opinion at the time of contract conclusion) and when does it end or when is an additional charge due? Construction begins within the 12 months, but the construction is not completed within these 12 months.
Thank you very much for your opinions.
Best regards
how would you assess the following case?
The following is regulated in a construction contract regarding the fixed price guarantee:
A fixed price guarantee of 12 months is agreed upon. After expiration, the purchase price changes by the amount of the inflation rate plus a surcharge of x %.
Nothing else is regulated.
In your opinion, when does the fixed price guarantee begin (in my opinion at the time of contract conclusion) and when does it end or when is an additional charge due? Construction begins within the 12 months, but the construction is not completed within these 12 months.
Thank you very much for your opinions.
Best regards