BCIS Price Adjustment Formulae Indices Online (PAFI)

BCIS Price Adjustment Inflation Indices Online (PAFI) is the most commonly used reimbursement mechanism for price fluctuation clauses in construction contracts. PAFI, sometimes referred to as NEDO, Baxter or Osborne is a set of indices (over 200 of them) widely used in various sectors in the construction industry, including civil engineering contracts and facility management. Buy now or request a free demo here.

BCIS Price Adjustment Formulae Indices Online (PAFI)

£494.00£976.00 exc. VAT

BCIS Price Adjustment Inflation Indices Online (PAFI) is the most commonly used reimbursement mechanism for price fluctuation clauses in construction contracts. PAFI, sometimes referred to as NEDO, Baxter or Osborne is a set of indices (over 200 of them) widely used in various sectors in the construction industry, including civil engineering contracts and facility management. Buy now or request a free demo here.

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If you are a company size of 50+, please contact us
This price is for a 12 month subscription of BCIS Price Adjustment Formulae Indices (PAFI) with a single licence. We will be in touch with your user name and password.
Terms and conditions apply.

 

Need more than just the indices? Find out more about BCIS Products

If you are a medium/large organisation, an educational establishment, need multiple licences or would like to see how the product works before you buy, you can request a demonstration. You can call us on +44 0330 341 1000, or email contactbcis@bcis.co.uk

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  • Aid transparency between client and contractors, fairly distributing risk
  • Achieve flexibility and accurate forward planning based on price adjustments that take into account future variations
  • Manage inflationary risk and offer increased cost certainty at the budgeting stage, procurement stage and final account
  • Get the best price to ensure smooth delivery of payments and projects
  • Reduce negotiation time by using ‘industry standard’ indices
  • Save time by reducing the complexity of contracts and frameworks
  • Monitor inflation by choosing from a basket of relevant indices
  • Gives you the option to obtain bespoke forecasting as a cost prediction
  • Helps you to pre-qualify costs at the tender stage if there is a ‘Inflation Adjustment clause’ in the contract
  • Over 200 indices in five index series (Building, Civil Engineering, Civil Engineering and Related Specialist Engineering, Specialist Engineering and Highways Maintenance)
  • Select from the indices which reflect the nature of the project
  • Downloadable indices to use in your own system
  • Quantity surveyors
  • Contractors
  • Consultancy
  • Local/Central Government
  • Housing Associations
  • Price Adjustment Formulae Indices for Building
  • Price Adjustment Formulae Indices for Civil Engineering
  • Price Adjustment Formulae Indices for Civil Engineering and related Specialist Engineering
  •  Price Adjustment Formulae Indices for Highways Maintenance
  •  Price Adjustment Formulae Indices for Specialist Engineering

“…it promotes a collaborative commercial arrangement between the project manager and contractor…”

“At Crossrail we have administered NEC3 Contracts with Secondary Option X1 clauses using the BCIS Price Adjustment Formulae Indices (PAFI). By using the BCIS Indices we have been able to procure contracts where inflation is identified as an Employers risk which could otherwise have been priced by our Tier 1 Contractors at a potentially high risk premium. The biggest benefit of using the PAFI is that it promotes a collaborative commercial arrangement between the project manager and contractor by setting out in the contract tender process exactly how the impact of inflation will be measured and how the Contractor will recover costs through the administration of a periodic Price Adjustment”

Robert Stockwell
Programme Cost Manager
Crossrail

 

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Price Adjustment Formulae Indices Online (PAFI) and BCIS Forecasts of PAFI

PAFI, sometimes known as Baxter, Nedo or Osborne Indices, is the most commonly used reimbursement mechanism for price fluctuation clauses in construction contracts. The formulae and the indices are widely used in the construction industry, including civil engineering and facility management. PAFI with BCIS Forecasts of PAFI, now available, is a 5-year forecast of inflation for labour, materials and plant at a granular level, i.e. individual work activities and resources. Buy now or request a free demo here.