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LoginPublished: 09/06/2023
With 69% of British civil engineering firms reporting difficulties with finding skilled operatives, it’s perhaps no surprise that HS2 is now facing a labour shortage. As labour looks set to become the next cost driver, we ask the question: Construction inflation: is delivery a problem.
The price adjustment formulae is a method of calculating the increase, or decrease, in contractors’ costs over any period. The formulae and the indices (over 200 of them) are widely used in various sectors in the construction industry, including civil engineering contracts and facility management.
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