11.4. COST PRICE ADJUSTMENTS (CPA)
In order to ease the pressure of market fluctuations in the cost of construction materials during the contract period, the Employer (sometimes) agrees to adjust the prices and such provisions are provided for in the Tables of Adjustment Data in the General Condition of Contract (GCC). There are following steps to complete calculation of CPA
refer▬►Clause 44: Price Adjustment, SB Document and also in
refer▬►FIDIC, Multilateral Development Bank Harmonized Edition March 2006, Clause 13: VARIATIONS AND ADJUSTMENTS, Sub-Clause 13.8: Adjustments for Changes in Cost
44.0 Price Adjustment
The Project Manager shall adjust the Contract Price if taxes, duties, and other levies are changed between the date 30 days before the submission of Bids for the Contract and the date of the last Certificate of Completion. The adjustment shall be the change in the amount of tax payable by the Contractor, provided such changes are not already reflected in the Contract Price or are a result of Clause 46.
13.0 VARIATIONS AND ADJUSTMENTS
13.8 Adjustments for Changes in Cost
The base cost indices or prices shall be those prevailing on the day 28 days prior to the latest date for submission of bids. Current indices or prices shall be those prevailing on the month when 28 days prior to the last day of the period falls to which a particular Interim Payment Certificate is related