This tool provides a comprehensive, detailed and easy to use method of measuring cost movement for building and civil engineering. Widely used in the construction and infrastructure sector to help fairly allocate risk between the client and sub-contractors
Published: 01/12/2022
The price adjustment formulae is a method of calculating the increase, or decrease, in contractors’ costs over any period using the Price Adjustment Formulae Indices (PAFI) published by BCIS Online.
The formulae and the indices are widely used in larger building civil engineering contracts. BCIS publish indices for building trades, civil engineering, specialist engineering and highways.
The publication dates of the monthly indices have contractual significance and are published on BCIS online.
The PAFI will, unless otherwise stated, be published monthly at 12 noon on the Tuesday following the release of the Office for National Statistics (ONS) Producer Price Indices (PPIs), which will usually be the Wednesday following the second Friday of the month.
The PAFI publication dates for the remainder of 2022 and for 2023 are as follows:
- 20 December 2022
- 24 January 2023
- 21 February 2023
- 28 March 2023
- 25 April 2023
- 31 May 2023 – Wednesday
- 27 June 2023
- 25 July 2023
- 22 August 2023
- 26 September 2023
- 24 October 2023
- 21 November 2023
- 28 December 2023 – Thursday – provisional
Release dates for all BCIS indices are published online.
Publication outside of this schedule will be preannounced.
