Contract Price Adjustment
Please find listed below the SAFCEC recommendations on the Contract Price Adjustment Formula which have been amended to reflect the recent changes made in the STATSSA monthly Statistical News Releases:
“L” is the “Labour Index” and shall be the “Consumer Price Index” for the urban area nearest to the Site as specified by the Engineer in the Appendix to the Tender and as published in the Statistical News Release, P0141, Table 13 provided in the additionl tables (previously P0141.1 Table 7.1) of Statistics South Africa.
“P” is the “Plant Index” and shall be the “Civil Engineering Plant Index” as published in the Statistical News Release P0142.1, Table 12 (previously P0142.1 Table 16) of Statistics South Africa.
“M” is the “Materials Index” and shall be the “Civil Engineering Materials Index” as published in the Statistical News Release P0142.1, Table 11 (previously P0142.1 Table 15) of Statistics South Africa.
“F” is the “Fuel Index” and shall be the “Diesel at wholesale level – Coast/Witwatersrand Index” as published in the Statistical News Release P0142.1, Table 12 (previously P0142.1 Table 16) of Statistics South Africa.
Please Note: These indices are available from this website under CPAF Indices
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