7 SUFFICIENCY OF THE CONTRACT PRICE (SILVER BOOK) OR ACCEPTED CONT...
4.4.7 Sufficiency of the Contract Price (Silver Book) or Accepted Contract Amount (Yellow Book): Clause 4.11
In both Books the fixed-price lump sum is intended to be sufficient for the
works to be designed and executed as required by the contract and
the Contractor is meant to have taken steps to satisfy himself that this is so.
The Contractor in each Book is deemed to have satisfied himself as to the cor-
rectness and sufficiency of the Contract Price (Silver Book) or Accepted
Contract Amount (Yellow).
Unless otherwise stated in the contract, the Contract Price/Accepted Contract
Amount covers all the Contractor ’ s obligations under the contract (including
those under provisional sums, if any) and all things necessary for the proper
design, execution and completion of the works and the remedying of any defects.