Applicable Method for Revision of Unit Prices for Long-term Construction Contracts

Session

Civil Engineering, Infrastructure and Environment

Description

Depending from the scope of work, some construction projects take time to be completed, and during this period changes in aspect of cost have considerable impact in the overall initial budget. Usually, in the bidding 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 a way which is practicable and it is presented in well-known form of contracts for the revision of the construction cost that can be applied as a method in order to take into consideration the changes of prices during the implementation period for the long-term contracts.

Keywords:

Price revision, Long-term contract, Unit price, Inflation.

Proceedings Editor

Edmond Hajrizi

ISBN

978-9951-982-41-2

Location

UBT Kampus, Lipjan

Start Date

25-10-2025 9:00 AM

End Date

26-10-2025 6:00 PM

DOI

10.33107/ubt-ic.2025.52

This document is currently not available here.

Share

COinS
 
Oct 25th, 9:00 AM Oct 26th, 6:00 PM

Applicable Method for Revision of Unit Prices for Long-term Construction Contracts

UBT Kampus, Lipjan

Depending from the scope of work, some construction projects take time to be completed, and during this period changes in aspect of cost have considerable impact in the overall initial budget. Usually, in the bidding 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 a way which is practicable and it is presented in well-known form of contracts for the revision of the construction cost that can be applied as a method in order to take into consideration the changes of prices during the implementation period for the long-term contracts.