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What is Price Adjustment Formula Guide about?

This document provides the standard procedure and formula for price adjustment in construction contracts in Pakistan. It outlines the applicability of price adjustment for contracts over a certain value threshold. The procedure describes the parameters to consider, such as construction schedule and implications of delays. The main part of the document presents the formula to calculate price adjustment based on changes in prices of materials and labor.

Author

ghulam abbas gultari

Language

EN