PAFI (Price Adjustment Formulae Indices) are widely recognised as the industry standard and comprise indices for Building, Civil Engineering, Specialist Engineering, and Highways Term Maintenance.
Benefits:
- You can effectively track costs to achieve: the lowest priced bids, fair allocation of risk between client and supplier, and accurate cost profiling.
- They can save you money by helping you monitor actual costs more accurately and help achieve better efficiencies within the procurement process for your contracts
- Price Adjustments reflect cost variations incurred during the life of a contract. This benefits both client and service provider as it reflects true costs in order to encourage flexibility and forward planning
- They are simple enough to be easily understood and implemented, fairly recovers actual costs incurred over the life of a contract and contributes towards creating a more sustainable industry
- They can be tailored to suit your requirements by allowing you to apply the appropriate proportions for price adjustments for different types of work being carried out
- They are well respected by the industry.
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