Price Escalation and Inflation | 23-01-16 PW

Paul Gibbons and Christiaan Grosskopf discuss Adjustments for Changes in Price Under JCT, NEC, and FIDIC forms of contract.
00:00 - ICCP Introduction
05:05 - Price Escalation and Inflation
35:05 - Questions
The presentation slides: www.instituteccp.com/webinar/
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#PriceEscalation #Inflation #ConstructionContracts #JCT #NEC #FIDIC

[@YasseinAhmed-to4qm]

Good evening Mr. Paul,
Great presentation
i would like to ask you for a claim dispute and i need your feedback please,
the contract is a lumpsum contract - General conditions under Fidic Red Book 1999 , we should supply the steel in a certain duration but the Employer had change the design of the raft which taken around 2 months delay,
the Cause is the Raft redesign
the Effect is that the steel prices had been increased due to the delay
the entitlement (actually the contract is a lumpsum contract but the delay beyond our control and the employer had a benefit for such redesign but we loss a lot of money)
i believe that the unforeseeable physical condition clause cannot considered in that case as its not a physical case, but i need your help to give me another supported clause which can be rely on it.
thanks

[@instconstclaimspractitioners]

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