Re-Adjustment of Contracts.
Section 13
SEC. 13. Re-Adjustment of Contracts.—All contracts for the furnishing of materials, supplies and equipment, or for the construction, reconstruction, improvement or repair of any building, road, bridge, or other structure authorized in this Act, executed by the government with private persons, associations or corporations shall contain a provision that should the government at any time during the effectivity of any such contract impose, abolish or modify any tax, custom duties, license, impost, fee or other similar charges, or enact, amend or repeal any law affecting the number of hours or labor permissibble a day or the wages or salaries to be paid to laborers, which directly increase or decrease the cost of materials, supplies and equipment or the cost of the construction work, beyond or under the amount stipulated in the contract, the said amount shall be readjusted by a Committee, hereby created for this purpose, composed of the Auditor General as chairman and the Secretary of Public Works and Communications and the Commissioner of the Budget as members by adding thereto or substracting therefrom a sum equivalent to the increase or decrease represented by the tax, duty, license, impost, fee or other charges or the abolition or modification thereof, or the difference in the cost of labor as a result of the change in the number of working hours or the amount of the wages or salaries.