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NEC ECC: Delayed start

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Hello All,
Last August we tendered for a public project in ROI - all went quiet for some time until December when the client decided to proceed to site.
We therefore got a letter of acceptance and instructions to start.
However our tender form clearly states that the tender is open for acceptance within 120 days. Obviously we are now outside this- I was wondering if; 1 we are entitled to increased costs due to all materials increasing in January. 2  Are the clients likely or within their rights to withdraw the offer if we ask for these costs?

I know this is not strictly NEC - but how would it under NEC and hopefully we can apply same rules/logic.

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