🏗️ Workshop on Price Adjustment within International Construction Contracts

Organized by: Society of Quantity Surveyors Bangladesh (SQSB)
Audience: Quantity Surveyors in Bangladesh | Contract Administrators | Project Managers | Procurement Specialists | Engineers

🔍 Overview

Price adjustment is a critical aspect of international construction contracts, helping manage the impact of inflation, currency fluctuation, and changing material costs on long-duration projects. While many contracts—such as FIDIC and donor-funded agreements—include price escalation provisions, their effective use requires both theoretical knowledge and practical skills.

This intensive workshop is designed for quantity surveyors of Bangladesh and related professionals to build expertise in administering and calculating price adjustments confidently in line with international standards.

📘 Course Content

Session 1: Introduction to Price Adjustment

  • Definition, purpose, and importance of price adjustment

  • Relevance in current global and Bangladeshi construction scenarios

  • Application in public, private, and donor-funded projects

  • Key considerations for quantity surveyors in Bangladesh

Session 2: Price Adjustment Clauses in International Contracts

  • FIDIC Red Book (Clause 13.8) and Appendix to Tender

  • MDB/World Bank provisions for price escalation

  • Comparison with clauses used in ADB, JICA, and other donor agencies

  • Aligning contract terms with local market conditions

Session 3: Understanding the Price Adjustment Formula

  • Common formula structures (a + b(Ln/Lo) + c(Mn/Mo) + ...)

  • Explanation of variables: base date, indices, weightages

  • Selecting appropriate indices: local (BBS, CPWD) and international (IMF, World Bank)

  • Adapting formulas for specific contract scopes

Session 4: Hands-on Calculation and Practical Exercises

  • Step-by-step walkthrough of sample calculations

  • Realistic project scenarios involving labor, material, and equipment costs

  • Using official data sources and published indices

  • Error-checking and validation methods

Session 5: Documentation and Contract Administration

  • Essential records and reporting requirements

  • Role of the Engineer/Contract Administrator in price adjustment

  • Typical approval workflows and communication protocols

  • Preventing and resolving disputes related to price escalation

Session 6: Case Studies & Industry Examples

  • Real examples from Bangladesh and international projects

  • Review of both successful and disputed claims

  • Lessons learned and best practices for contract administration

  • Strategic insights for quantity surveyors of Bangladesh

Session 7: Open Discussion & Expert Q&A

  • Participant queries and experience sharing

  • Discussion on current inflationary pressures in Bangladesh

  • Expert guidance on complex or project-specific challenges

🎓 Certification

Participants will receive a Certificate of Completion from the Society of Quantity Surveyors Bangladesh (SQSB), reflecting their enhanced capability in managing price adjustment within international construction contracts.

✅ Key Benefits

  • Master the fundamentals and advanced techniques of price adjustment

  • Apply FIDIC and donor-funded contract provisions in real projects

  • Develop calculation skills using actual data and indices

  • Enhance your credibility as a quantity surveyor in Bangladesh


Society of Quantity Surveyors Bangladesh

Quantity Surveyors of Bangladesh

Quantity Surveyors in Bangladesh

Price Adjustment Workshop Bangladesh

Construction Price Escalation Training

FIDIC Contract Training Bangladesh

International Construction Contracts Bangladesh

Contract Administration for Quantity Surveyors

Cost Escalation Management Bangladesh

Infrastructure Cost Control Bangladesh