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Tag: hudson formula
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Acceptance of Using the Hudson Formula for Prolongation Cost Claims in FIDIC Contracts
Estimating prolongation costs is one of the most debated areas in construction claims. Many contractors try to justify additional costs by using formulas such as the hudson formula, especially when proving exact incurred cost is difficult. However, its acceptance under FIDIC contracts depends on how well the claim aligns with contractual requirements and evidential standards.… Read.
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Prolongation Costs and the Hudson Formula
Construction projects often face delays, leading to additional expenses known as prolongation costs and the use of the Hudson formula. These costs arise from factors beyond the contractor’s control, such as scope changes or unforeseen site conditions. To address these challenges, contractors frequently rely on the Hudson Formula. This guide explores the Hudson Formula in… Read.
