Matters and procedures for adjustment of contract price of mining engineering projects

        The change of engineering quantity is an important reason for the adjustment of the original price of the contract. However, there are still many factors that cause the adjustment of the contract price, including the agreed content of the contractor.
1. When the following matters occur, both parties to the contract shall adjust the contract price in accordance with the contract:
(1) Changes in laws and regulations; (2) Engineering changes; (3) Project characteristics are inconsistent; (4) Engineering quantity list missing; (5) Engineering quantity deviation; (6) Daily labor; (7) Price change; 8) provisional valuation; (9) force majeure; (10) ahead of schedule (rush compensation); (11) liquidated damages; (12) the claim; (13) site visa; (14) behind amount; (15 ) Issue other adjustments agreed by the contracting parties.
2. Procedures for adjustment of contract price (1) Within 14 days after the contract price increase (excluding engineering deviation, daily work, on-site visa, claim), the contractor shall submit the contract price increase report to the contractor and Attach relevant information.
(2) Within 14 days after the contract price reduction (excluding the engineering quantity deviation and construction claim), the contractor shall submit the contract price reduction report to the contractor with relevant information.
(3) The different opinions of the contractor and the contractor on the adjustment of the contract price cannot be agreed. As long as there is no substantial impact on the performance of the contractor, the parties should continue to perform the contractual obligations until they are dealt with in accordance with the dispute resolution method stipulated in the contract.
(4) The contract price confirmed by both parties to the contract shall be paid as an additional (subtractive) contract price, and shall be paid in the same period as the project progress payment or settlement payment.

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