Legal Question in Business Law in United Kingdom

fixed price contract

We have a contract for a project that is now complete.As pert of the final account the employer is doing an internal audit and asking us to prove 15% of our costs on

15% Sub Contract orders placed

15% direct labour costs

15% direct management costs

15% plant costs

15% material costs

We are happy to on additional variations but I don't think we have to oblige them in drilling down into the fixed price tender that is already agreed?????


Asked on 1/12/06, 12:02 pm

1 Answer from Attorneys
Andrew Dutton Legal -Zone

Re: fixed price contract

This really all depends upon the contract you have with your customer and the provision therein for payment. If the contract is for a fixed amount, you will have no obligation to provide this additional information.

Let us know if there are further problems.

Andrew Dutton

www.legal-zone.co.uk

[email protected]

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Answered on 1/16/06, 9:05 am


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