Practices for the Adjustments of Changes in Cost for Construction Projects due to the Inflation of Material Prices in our Region
Session
Civil Engineering, Infrastructure and Environment
Description
Construction projects take time to be completed, and during this period sometimes the changes of prices in construction field have considerable influence in the overall budget for that project. In the good practice regarding this issue, in the offered documentation is presented how this will be taken into account if the prices are changed over a certain limit. If not, then the contracting authority and the contractor have to find an accepted method approach, how these changes will be applied in the overall cost. Here in the paper will be presented some of the practices for the adjustments of changes in the cost that can be applied as a method in order to take into consideration the changes of prices during the implementation period for the contracts in our region.
Keywords:
Adjustment, Revision, Price, Contract.
Proceedings Editor
Edmond Hajrizi
ISBN
978-9951-550-50-5
Location
UBT Kampus, Lipjan
Start Date
29-10-2022 12:00 AM
End Date
30-10-2022 12:00 AM
DOI
10.33107/ubt-ic.2022.210
Recommended Citation
Hetemi, Ilir and Behrami, Ragip, "Practices for the Adjustments of Changes in Cost for Construction Projects due to the Inflation of Material Prices in our Region" (2022). UBT International Conference. 214.
https://knowledgecenter.ubt-uni.net/conference/2022/all-events/214
Practices for the Adjustments of Changes in Cost for Construction Projects due to the Inflation of Material Prices in our Region
UBT Kampus, Lipjan
Construction projects take time to be completed, and during this period sometimes the changes of prices in construction field have considerable influence in the overall budget for that project. In the good practice regarding this issue, in the offered documentation is presented how this will be taken into account if the prices are changed over a certain limit. If not, then the contracting authority and the contractor have to find an accepted method approach, how these changes will be applied in the overall cost. Here in the paper will be presented some of the practices for the adjustments of changes in the cost that can be applied as a method in order to take into consideration the changes of prices during the implementation period for the contracts in our region.