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Changes to indices provided by StatsSA effective January 2018

Thursday, 01 March 2018   (0 Comments)
Posted by: SAFCEC Communications
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Contract Price Adjustment Formula will now have the following indices: -

  1. Labour: stays the same; derived from CPI
  2. Fuel: Inland, Coastal and Wholesale replaced by one index (Diesel)
  3. Plant: One new category: Mining & Construction Pant & Equipment Index sourced from the Construction Materials Price Indices
  4. Material13 categories; Civil Engineering Material price indices sourced from Construction Materials Price Indices; Contractors to determine which of the 13 categories are most applicable through engagement with client and / or consulting engineers

To view and download the recommended application of the new indices and a project working sample, visit the CPAF 2018 page

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