Explain the difference between an adjustment of price and a ...

[jerry coleman]

Explain the difference between an adjustment of price and a revision of price.
 
  What will be an ideal response?

Question 2

A budget can be used to detect mechanical or other building problems ___________________ .
 
  A. when the actual expenses match the amounts budgeted in the capital account
  B. when, even after taking account of the known variances such as weather conditions or operational issues, the actual expenses for energy or other budgeted items show large, unexplained variance to the budgeted amount
  C. only when the budget is compared over many years of budgeted data
  D. only if the variance is less than 1

[b614102004]

Answer to Question 1

An adjustment of price is when a contractor is paid a different amount from what is stated in the contract when the scope of work changes and a revision of price is a change in the compensation paid to contractors when there are fluctuating exchange rates and inflation and the price adjustment is based on a specific index.

Answer to Question 2

B

[jerry coleman]

Wow, this really help

[daiying98]

Thanks for the timely response, appreciate it