Study of Price Adjustment Contract Administration In Nepalese Construction Contracts (Road)

Inhaltsverzeichnis (Table of Contents)

• CHAPTER ONE: INTRODUCTION
  • 1.1 Study background
  • 1.2 Problem Statement
  • 1.3 Research Objective
  • 1.4 Scope and Limitation
• CHAPTER TWO: LITERATURE REVIEW
  • 1.5 Concept of Project
  • 1.6 Civil Engineering projects
  • 1.7 Construction Industry
  • 1.8 Price fluctuation and Inflation
    • 1.8.1 How does Inflation Happen?
  • 1.9 Effects of Price fluctuation
  • 1.10 Dealing with price escalation
    • 1.10.1 Types of escalation clauses
  • 1.11 Problems of Price Escalation and Adjustment
  • 1.12 Price adjustment formula

Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)

This research explores the importance of price adjustment in construction contracts, specifically in the context of Nepalese road projects. The study aims to analyze the response of various stakeholders involved in construction contracts regarding the FIDIC formula and suggest improvements. Additionally, it aims to identify different cost elements, weightings, and determine contingency to make price adjustment contract administration more systematic, equitable, and less ambiguous.

• Importance of Price Adjustment in Construction Contracts
• Analysis of Stakeholder Responses to FIDIC Formula
• Identification of Cost Elements, Weightings, and Contingency
• Systematic, Equitable, and Less Ambiguous Price Adjustment Contract Administration
• Impact of Price Fluctuations on Nepalese Road Projects

Zusammenfassung der Kapitel (Chapter Summaries)

Chapter One, Introduction, sets the stage for the research by discussing the background of the study, the problem statement, the research objectives, and the scope and limitations of the study. It focuses on the challenges posed by fluctuating construction input prices, particularly in the context of Nepalese road projects.

Chapter Two, Literature Review, delves into relevant theoretical concepts, exploring the concept of projects, civil engineering projects, the construction industry, price fluctuation and inflation, and various approaches to managing price escalation.

Schlüsselwörter (Keywords)

The research focuses on the critical aspects of construction contract administration, particularly the impact of price adjustment. Key terms include Standard Bidding Document, Asian Development Bank, Contract Administration, Price Adjustment, World Bank, and Procurement.