Pricing Adjustments of Investment Costs of Infrastructure Projects in the Slovak Republic: A Risk Worthy of Attention

Abstract

The present article aims to highlight the risk of potential price adjustments associated with the uncertainty of market price volatility of construction activities during the implementation phase of infrastructure transport projects. Price adjustments in the conditions of the Slovak Republic are regulated by methodological guidelines, the main determinants of which are selected items of macroeconomic inflation indicators with a significant impact on the resulting volumes of financial claims for price adjustment and the total investment costs of project implementation. The impacts of the values of the macroeconomic forecast indicators in question on the volumes of price adjustments and co-financing of the public administration budget were examined based on regularly updated and published macroeconomic forecasts.