Scribd Logo
Upload

Welcome to Scribd!

  • ICTAD Price Fluctuation Formula

    Uploaded by

    esuren
    128 views14 pages

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    128 views14 pages

    ICTAD Price Fluctuation Formula

    Uploaded by

    esuren

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    of 14
    224 July 18 ICTAD PRICE FLUCTUATION PRICE VARIATION OF CONSTRUCTION INPUTS ORMUES) ‘What are Inputs ? Introduction, Basie Concepts & Application > Mata > Labour (nS Deepa Sameraweers ‘Assistant Projet restr (Proeuremen) ‘SCOP, Misty of Mapapaa& West Development Percentage Percentage Increase of Prices of Inputs in | Percentage Increase of Prices of Inputs in year 2011 and 2012 year 2016 and 2017 rat mat 81 AINE puiZZ aiqeyeac SBojopoyjau ous sx9qL < ssond s,410)982}U09 9uN Aquo S11] A guonemeny 40g dn-yseur jeuonppe y9ipead 40y98.IU0D 94 WED Ta oa wawsalBy uu papapul us| asne UOREIEDSE oud Pres PESTO STs usweai8y uy papnjou st asmej9 uawaaiSy uy papnyout 9 uopaTEase aoud JI TSS 4 0p £2tp op MoH uoyp 94101 yoU4 1509 [BUONIPPR Hp seat é sindul jo uoyeuen eoud 0} anp 3800 [euORIppe ay} e4eq S10}eNUCD BU} OP MOH, sofoqusoiod anduy « sinduy jo onsen song ¢ oo vr eM us “9 png 1 av 4st pons pot wou cima ‘por wou, ae TONER WoHe_EA 3509 o1nyny O43 y21Pe2d UEO Apoq ON uojansjsuoo jo edé} Jo} synduj Jo uoRNgUIUCO ys0q, Case 1 I price escalation cause is. dog Mak Up at ida ste In competitive bidding > eontractor adds vory low mark up or |-may be selected ot adding any mark up > Meontractor adds very high mark up ~may not be selected [Case 1If price escalation clause is not included In the Agreement fa consort selected wit ow mark p or ot includ at all | ‘Wish unreicable pie variations contacor wil lose the profi the job and hast fe eral each problems ‘Unimatly the lent wil loser How? Due tocath problems ofthe contacto, he work wll get delayed ‘Sometime the work willbe suspended and re-tendring may out [Case 2 If price escalation cl included in the Agreement ‘The conacioe wil forward the bid witout hinking of fture price veto ning “The contac wil be pal te price variation Netter the contractor norte lent wil sur fluctuation clauses? © At bidding stage the contractor could submit a more without adding an arbitrary mark-up for escalation © At implementation, con expenditure due to price va is reimbursed for 22m July 18 2. Aine ZZ vinci) poem 3pu pou vinwog oy 2q 0 pseu sauroop Arey “0 (onsen ws yo 20) 200934 soba 9 opeueg wong ns Seu aU oun nd pogioads jo Ayan jo uogmaiy) sono sno] is snd 0 Jo wonton 0 | pound 1843 3¥ Jo soussayip 294d usm pa ‘pouad wor ons jo sanquenb ronjae uo paseq aus suopsindiwos) ~ ‘du payoads 43 Kuo pred s wonemsaL ~ GOHLAW TWNOLINTANOD SCOHISW LNSWSUSEWISY NOLLVRIVA SOL SGOHLSW LNSNSUSGWISY NOLLWISWA 30d oma Himmuog pomaW reoepuaauey SQOH3W LNSWSYSSWISY NOLLVISVA 301d aanypuadxa ay2 40} Sjuo payjwy st 10}9e.;U09 au) 0} yuauosinquNes ‘uopeuoWduY yy © iq apstjwo4 s1our & oa}9s wes s9Ko]duIG ayy, « esasnejo uonenony solid Aq paiyauiag sofojdwa ous 5] mo} 2204 July 18 PRICE VARIATION REIMBERSMENT METHODS: ICTAD FORMULA ACTAD formula in Sei Lanka = hucuton is pai ety only on major ipats F = 0.966 (V—Va) Pr (ae Ts) ‘wish are computed and nde to minor pus also — = Computation ae basi on vale of wok doe and cost 100 hy peotnage of major npus "rie variton is clued sing bese indices ad curent indices of thee inputs V = Valutionat work torte period) Advantages (work done + 80% materials at site) + from interim © Reimbursement for the fuctution ofall the Vou = Value of nonadjustable elements for | Statement Inputs ensured the period ——— © Easy calculations P, = Input percentage —- [fom the Tender Document 1 Less documents needed Ta = Base Index Contract Document Less disputes 1 cament index } [fom ICTAD statistical Bulletin Px- Input Percentage V_= Valuation of work | eee Je Vetoaton of work done for the “Input Percentage means”: ‘The percentage cost contibution of major materials, plant and labour to the contract. The total contribution of the major inputs will be considered as 90%. + 80% materia at site 2 Burs wor ee aed bse on ‘The computation of input proportions is based on the costing of ms required forthe proposed consiiction. ‘The calculated using the prices that prevailed at the time put proporions of a paricular input will be 1 the ratio between the cost of the input andthe cot - of al inputs 4 Provisional sum tems 4 Work done under day work rates Eb Aine pute ey FOB TONNER TIT SUT Mo ay NUON 2p soy Suypprasd saoqpuy amp se usyE 9q |eYS seoIPUT ALD ‘29 uonajdoo ye ywawow3s 24 Joy 40 wowoHES KiyiuoK JoKyO Aue 204 SRT SRA TRS omy a1oy qnuoyy ox wo Sujyeroud sooipur 219 se ayer 99 704s wounsnipe soud Jo uoRE|no}eo Jo asodind 2 Joy ouput aun ou Quouraes Ajyquow! 181 Jo 950 OM) U] SSOIGNI LNSYuNd - *1 Thoz ‘Toquieydag Tne ‘Sb 4090390) Zboz “3snBny zhoz ‘ oyep Aue soquiadeg oz ssnBny | stoz ‘p sequaides gvoz ‘Ajng ghoz ‘be ysnny, snduy ay} Jo xapul eseq ey} s} %) x jnutog — I“ M1) “ed ‘Gv191 Bujsn juouysnipe ao1id jo uonemndwoa i BY EP SOTTO WO SHO TO 8 2p 2 xapuE sup 9g ys day se|ag;UEd w JO ,xOPUT O56, S39IGNI asva - “I “top se] 2x pu sy oun Jo axtsyouy sepuajea weuoaxn oi uy yuOU ue jo Kop is x9 pur si an u2onyog poud own ay se pauyep sy wquow aun ssorpu aygortdd aun Suzuuapap Jo asodind oun 20 aoqad aseg OOLX BC yWOLMD = xepuy juauny shea EMME, ‘ung Jo porrad zaqjoue & 0} au) Jo ported amos 0} payejas wopeUAosHy woysuEI} 0) pasn ap9qq9A ou} sv duOp 9q WeD soo1PUT “AnUOWA, JO woRTUTAC! SOOTPUT OY} 21¥ EUAN ‘Computation of price adjustment using ICTAD Formula Py x (1 Las-ho) * month 4 (where leo Start Date! li i Commencement, Applicable current Indices ea tonth + 2 Twonth 3 [month 4 [aonth 8 bonth 6 Cased Clam 1[ > Chat [Claim 3 | Final EXAMPLE FOR COMPUTATION OF PRICE FLUCTUATION CONTRACT DATA | [caim 2 Fina Total Contract Sum ~ Rs, 45,650,000 Date of Closing Bids = 5 January 2012 Date of commencement = 4% April 2012 cae Fil Sian Contract Period = 14 months Month Worth Month * INFORMATION PROVIDED UNDER VARIATION CLAUSE TN INFORMATION PROVIDED UNDER VARIATION] CLAUSE IN THE CONTRACT DOCUMENT ents 1. Non-adjustable_ Following Trades are not entitle forthe Price Fluctuation. ing & Alarm System - Lighting Protection System Variations or Extra Items using current prices and current rates. IE CONTRACT. DOCUMENT. 2. INPUT PROPOTIONS. Taput Percentage Me Cement Be M7 Mate, 40 MS Sand 23 NO Brike “ MIS Reiforcement 1 M16 Asb.R(Shoes 73 MIE Santry (Loca) 1s 420 PYC Pipe 10 a2 Timber was Ma? Wall Paine 25 462 Floor Tes 22 MOE Ble, Fuinge 30 LI Stiied Labour 4 13 Uniled Labour u TOTAL oon 22"4 July 18 oooos= A % ‘oot ym | fa | ana o00'001'T = LOr'D*a 000‘001 + 000°000°I = A ABBHS NOLLWINDTV NAWIOadS —— SEE TON NOLLVATVA, ' “A GNV AAO 3N1VA JO NOILVLNdWOD Le = "as _ 40 NowWNoTWS SS = A) - owOOTOT = (9608) 28 os a 309 Hae '000'000'F =r morang (mo va OT EE soprano Suse ya nane"-nan OF oo'ect Joowes — [eaves | ors ipevousuamana ‘Q00'Sh =sam DOK Buisn yyoH eux “mM OE oer joroo0'est sw 87 coors loose loose lowest (rap08 sng 0 a8 oo ooo'v0z won sisi 77 aioe | ciwe | zie | coe | sonannsopona Oe vownaey te soxiemea| saviors | icsoped | ease rea 2uow Dowson aren — OZ PeNwIND | eowwIMD [Faw |FeN WIAD WOE

    You might also like