20 January 2014
IF A BUILDER HAS FIXED PRICE IN ADVANCE & HE HAS RECIEVED ADVANCE FROM THE CLIENT & BUILDING IS COMPLETE BY 20 PC. SUDDENLY COST OF CEMENT GOES UP BY 3 times ,HOW TO DEAL WITH THIS SITUATION ?
Since price rise is temporary you can wait for a period & if price doesnot drop then it is losses to a builder since you can not revised agreed price of flat sold.
CAclubindia
