Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
A study on the price escalation system in a construction contract
Abstract The purpose of this study is to suggest policies to improve the price escalation system in a construction contract through, a Po licy Delphi technique. The Delphi, including two times questionnaires and a group discussion, was conducted by joining 14 experts. We also examined the escalation provisions of various countries. Results of the Delphi showed that the minimum fluctuation rate fo r price escalation was desirable at a level of 3%. To compute, the fluctuatio rate, calculating the price fluctuation of overalhrticles, was more desirable than using price indices. A bidding date was more reasonable as the initial date of change in price. Losses caus ed by price change should be shared between contractor and owner; therefore a deduction rate should be introduced in contract price escalation. Meanwhile, overhead and profit should be adjusted in proportion to the fluctuation rate; but advance payment or the delayed construction amount should be deducted from the adjusted amount.
A study on the price escalation system in a construction contract
Abstract The purpose of this study is to suggest policies to improve the price escalation system in a construction contract through, a Po licy Delphi technique. The Delphi, including two times questionnaires and a group discussion, was conducted by joining 14 experts. We also examined the escalation provisions of various countries. Results of the Delphi showed that the minimum fluctuation rate fo r price escalation was desirable at a level of 3%. To compute, the fluctuatio rate, calculating the price fluctuation of overalhrticles, was more desirable than using price indices. A bidding date was more reasonable as the initial date of change in price. Losses caus ed by price change should be shared between contractor and owner; therefore a deduction rate should be introduced in contract price escalation. Meanwhile, overhead and profit should be adjusted in proportion to the fluctuation rate; but advance payment or the delayed construction amount should be deducted from the adjusted amount.
A study on the price escalation system in a construction contract
Choi, Minsoo (Autor:in) / Kim, Jinu (Autor:in) / Kim, Moohan (Autor:in)
KSCE Journal of Civil Engineering ; 10 ; 227-232
01.07.2006
6 pages
Aufsatz (Zeitschrift)
Elektronische Ressource
Englisch
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