Contract Price Adjustmens Of Construction Project

During the process of construction, the contract price adjustments can't be avoided, and it is usually the focus of contract dispute. Cost criterion of Bill of quantities for Construction project will be produced soon, but there are many conflicts between the Conditions of Contract for Construction project and Cost criterion of Bill of quantities for Construction project. The author discusses the most two important factors of contract price adjustment: commodity price risk and variations and give out the evaluation methods of them.First, the author discuss the concept of contract price and the contract price adjustments and sort out the factors of contract price adjustments from Conditions of Contract for Construction project and Cost criterion of Bill of quantities for Construction project. Then the author consider that the key for decreasing the cost of contract price adjustments is to consummate the correlative contract items. Owing to the system of cost information publication in our country having a lot of limitation, the author discusses cost index in detail in the third chapter. In the forth chapter the author consider using price adjustment formula to adjust the price risk is a trend after comparing all kinds of price adjustments means, and put forward the issues that we should pay attention to during confirming the parameters of the formula. In the fifth chapter the author mainly discuss the variations, and put forward the evaluation methods of variations' direct cost. Based on the former five chapters the author perfect the correlative items of Conditions of Contract for Construction project.