IQSSL

College of Quantity Surveying (Guarantee) Limited

HND219- Contract Administration

COURSE WORK
HND Semester III – 2022

Price Fluctuation Formula

Student Name Student No

Lecturer(s) name(s) : Ch. QS (Mrs) Subhashini Dasanayake

: Ch. QS Hasitha Gunasekara

: Mrs.Chamini Deniyage

Date of Assignment : 21st August 2023

Dates of Submissions : 04th September 2023

Course Work Brief and Feedback Form

Programme Title HND Semester III - 2022

Module code and title HND219- Contract Administration

Ch. QS (Mrs) Subhashini Dasanayake
Module Lecturers
Ch. QS Hasitha Gunasekara
Mrs.Chamini Deniyage
Module Moderator Ch. QS Hasitha Gunasekara

Course work Title Price Fluctuation Formula

Set Date 18th August 2023

Date of Moderation 20th August 2023

Date of Assignment 21st August 2023

Date of Submission 04th September 2023

Student declaration –
I confirm that the work submitted for this coursework is my own work

Student Name, Registration number and Signature

Name Reg. Number Signature

Stamp for date receipt of the coursework

Topic

Price Fluctuation Formula

Objectives

1. To increase the awareness and exposure to price fluctuation in the industry.

2. To enhance knowledge on addressing the issues arising due to price fluctuation.
3. To develop the ability to adopt CIDA formula to mitigate the issues arise due to
price fluctuation.

Tasks

Define price adjustment and price fluctuation in the context of contracts and procurement.
Explain the importance of price adjustments and fluctuations in long-term contracts,
considering economic uncertainties.
Discuss the factors that organizations should consider when deciding to include price
adjustment clauses in their bid and contract documents.
Select a residential project of value less than LKR 50 million and using the methodology
described in CIDA price fluctuation calculation, prepare input percentages for the project.
Students shall clearly provide the details in each step of the calculation.

Methodology

 Students shall work individually to produce the report.

 Students are encouraged for group discussions
 The report shall be word processed on one side of A4 sheets and neatly presented as a
bound document.
 Word limit is of 2000-2500 words
 The following should be included in the report :
 Set paper brief  Introduction  Body of the report
 Conclusions  Conclusions

 APA referencing style shall be used to refer material written or produced by other
authors
 Bar schedules if appropriate
 Assessment Criteria
REPORT FEEDBACK SHEET

Benefits and issues of

using new materials
management issues
material selection :
Presentation of the

Knowledge of new
Factors affecting

Now and future

Finding of cost
materials used
Introduction

Conclusion

References
currently
report

Total
Maximum
5 5 16 24 20 20 5 5 100
marks
Student(s) names(s) / Reg. No.

Comments on report

Assessed by

Signature Date

Plagiarism, Cheating and Collusion

Plagiarism, cheating or collusion is regulated as a serious breach of the academic

standards. Students must carefully read the Academic Rules on Plagiarism and Collusion
in Student’s Hand Book.

RULES WILL BE STRICTLY ENFORCED