Author : Chaudhary n., mishra a. k., aithal p. s.,
Keyword : Weightage of price adjustment, standard bidding document, comparison of payments, rcc t-beam and pre-stressed
Subject : Management
Article Type : Original article (research)
DOI : 10.47992/ijcsbe.2581.6942.0250
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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.
Article by : Sreeramana Aithal
Article add date : 2023-03-31
How to cite : Chaudhary n., mishra a. k., aithal p. s.,. (2023-March-31). Analysis of price adjustment payments for rcc t-beam and pre-stressed bridges construction contracts. international journal of case studies in business, it, and education (ijcsbe), 7(1), 141-163. issn: 2581-6942.. retrieved from https://www.openacessjournal.com/abstract/1228