BCIS Price Adjustment Formulae Indices Online (PAFI)

The price adjustment formulae is a method of calculating the increase, or decrease, in contractors' costs over any period. The formulae and the indices are widely used in larger building civil engineering contracts

BCIS Price Adjustment Formulae Indices Online (PAFI)

£380.00£510.00 exc. VAT

The price adjustment formulae is a method of calculating the increase, or decrease, in contractors’ costs over any period. The formulae and the indices are widely used in larger building civil engineering contracts

Clear
SKU: N/A Category: Tag:

This price is for a 12 month subscription service, single licence. We will be in touch with your user name and password.
Terms and conditions apply.

 

Need more than just the indices? Find out more about BCIS Products

If you are a medium/large organisation, an educational establishment, need multiple licences or would like to see how the product works before you buy, you can request a demonstration. You can call us on +44 (0)24 7686 8502, or email contactbcis@bcis.co.uk

Request a demonstration
  • Aid transparency between client and contractors, fairly distributing risk
  • Achieve flexibility and accurate forward planning based on price adjustments that take into account future variations
  • Manage inflationary risk and offer increased cost certainty at the budgeting stage, procurement stage and final account
  • Get the best price to ensure smooth delivery of payments and projects
  • Reduce negotiation time by using ‘industry standard’ indices
  • Save time by reducing the complexity of contracts and frameworks
  • Monitor inflation by choosing from a basket of relevant indices
  • Gives you the option to obtain bespoke forecasting as a cost prediction
  • Helps you to pre-qualify costs at the tender stage if there is a ‘Inflation Adjustment clause’ in the contract
  • Over 200 indices in four index series (Building, Civil Engineering, Specialist Engineering and Highways Maintenance)
  • Select from the indices which reflect the nature of the project
  • Downloadable indices to use in your own system
  • Quantity surveyors
  • Contractors
  • Consultancy
  • Local/Central Government
  • Housing Associations
  • Price Adjustment Formulae Indices for Building
  • Price Adjustment Formulae Indices for Civil Engineering
  • Price Adjustment Formulae Indices for Civil Engineering and related Specialist Engineering
  •  Price Adjustment Formulae Indices for Highways Maintenance
  •  Price Adjustment Formulae Indices for Specialist Engineering

“…it promotes a collaborative commercial arrangement between the project manager and contractor…”

“At Crossrail we have administered NEC3 Contracts with Secondary Option X1 clauses using the BCIS Price Adjustment Formulae Indices (PAFI). By using the BCIS Indices we have been able to procure contracts where inflation is identified as an Employers risk which could otherwise have been priced by our Tier 1 Contractors at a potentially high risk premium. The biggest benefit of using the BCIS Price Adjustment Formulae Indices is that it promotes a collaborative commercial arrangement between the project manager and contractor by setting out in the contract tender process exactly how the impact of inflation will be measured and how the Contractor will recover costs through the administration of a periodic Price Adjustment”

Robert Stockwell
Programme Cost Manager
Crossrail

 

Related products

BCIS Measured Term Contract Indices (MTC)

This tool may be used on a contractual basis for reimbursement of increased costs for the contracts let on all PSA Schedules of Rates or other forms of maintenance contracts as well as assisting in updating estimates