Abstract
Purpose: Let’s compare and analyze the price adjustment payments for RCC T-beam and Pre-stressed bridges construction contracts for evaluation of the cost effectiveness of price adjustment payment. Design/Methodology/Approach: Based on Questionnaire survey and Official documents, comparison and analysis were done for RCC T-beam and Pre-stressed bridges construction contracts of price adjustment payment. Findings/Result: The weightage of price adjustment payment is 9% of total payment. This assessment was done to show the importance of price adjustment and its study in bridge construction contracts. As per GCC & SCC clause 53.7 of Standard Bidding Document, price adjustment is limited to 25%. Comparison of payments for price adjustments was done for different T-girder and pre-stressed bridges. Price adjustment payments for the computed price adjustment coefficients were calculated and compared with that of the actual payment made. Originality/Value: This research was mainly dedicated to deriving logical price adjustment coefficient ranges in making the price adjustment process for RCC T-girder and prestressed construction contracts economical. Paper Type: Research paper
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: International Journal of Case Studies in Business, IT, and Education
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
