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State "Research institute of building production named of V.S. Balitsky" (Кyiv)

Development of indexed price of contracts, including FIDIC system

     If the construction is being carried out for a long time, and defined in the contract price is not solid, it may eventually be brought the question of its index. As a rule in international agreements (including those concluded on the FIDIC system) a “Terms of much of the contract” section, which, in particular, are formula, which can be adjusted price of the contract (the particular system FIDIC examples of possible options for conditions for prices are adjusting to the Red and Orange Book) is included. However, some indices of prices, which are the components of said formula, sometimes are not calculated by state bodies of Ukraine shown in the contract as the source of codes.

    To solve this problem can experts of “RIBP” SE. We don’t only formulate an adequate formula of price contract indexation, taking into account international experience, domestic and international law, the interests of both sides, but if necessary we will calculate the volume of indexing with given formula based on estimates and acts of the performed works.

We will be glad to cooperate with you!

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