Project Management Series Lec-9 ( Contract Price Adjustments)

The Lecture-9 is the 9th Lecture of the Series of Lectures for the Project Procurement Management, which describes the procedure for adjustment of the contract price due to changes in the price of major inputs like labor, cement, steel bar, bitumen etc. This is applied to all projects having more than 50 Million contract cost or one year duration.

[@sajidali-hq3ds]

MashaAllah Sir,,, Stay blessed

[@pakistanaudiobooks1408]

finally found a local professor's lecture.... thank you so much sir

[@seemabasim7676]

MASHALLAH Great work and guidance for us

[@ikhlaqhussain2744]

a necessary correction is required that the price adjustment not applicable for the contract having price of million but it varies time to time as per guide line of PEC.

[@sciencetechnology1347]

Take a Project and prove that you are the right person for this responsibility

[@DrTariqMasood]

Masha Allah great sir and stay blessed... great work...

[@henokbogale3406]

thanks a lot.

[@mfarhanmughal8702]

Sir if work is done in defect liability period is escalation permissible

[@engrmakhdoomiqbal4855]

If completion period of a project is more than one year, please tell us the price adjustment is applicable to the project having cost less than 50 million.

[@ShabirAhmad-nd3wh]

"Normally we ask consultant to calculate actual weightages". It should be part of this lecture that how consultant do the calculation. Especially for labor, POL and fixed portion. Billing period explanation was wrong. Price adjustment applies to actual financial progress in each month that month is Billing period. If any IPC is more than one month then it needs to be segregated into months based on actual work done. A few more minor conceptual mistakes are there and the lecture is too basic