Have a personal or library account? Click to login

Contract price change during the construction phase: unforeseen market conditions

Open Access
|Jun 2024

Figures & Tables

Graph 1:

Comparison of price development for new residential buildings from 2020 to 2023.
Source: Eurostat (2024).
Comparison of price development for new residential buildings from 2020 to 2023. Source: Eurostat (2024).

Graph 2:

Comparison of the indices of the recognised price increases for the selected method. C1, canal 1; C2, canal 2.
Comparison of the indices of the recognised price increases for the selected method. C1, canal 1; C2, canal 2.

Solutions for changing the contract price in the countries described

CountryGuidelines or measureValid from
SloveniaExplanation of the permissible changes to contracts due to the increase in prices of materials and servicesNovember 2021
CroatiaGuidelines for the implementation of procedures for the recogni- tion of price differences on the basis of construction contractsFebruary 2022 and April 2022
SerbiaDecision of the City of BelgradeJune 2022
Decision of Ministry of Construction, Transport and InfrastructureIn preparation
Monte NegroMethodology for determining price differences in construction servicesSeptember 2022
Germany/Bavarian governmentApplication of a sliding scaleNo information
ItalyUnconditional payment of price difference for all contractsNo information

Basic characteristics of channels

ChannelPipeline diameter (mm)Projected pipeline drop i = [%]Length L = [m]
C1DN 20010.5–94.8267.54
C2DN 2004.00146.74

Calculated new contract price according to the GZS-ZGIGM method

ChannelBase contract price (CPs) March 2021Index GZS-ZGIGMNew contract price (CPc) March 2022
C140,802,91 €117.3647,886,30 €
C240,002,27 €117.3646,946,66 €

Calculated indices of recognised price increases according to the calculation method

ChannelBase contract price (CPs) March 2021New contract price (CPc)March 2022Index
C140,802,91 €45,681,93 €111.96
C240,002,27 €50907,78 €127.26

Calculated indices of recognised price increases using the hybrid method

ChannelBase contract price (CPs) March 2021New contract price (CPc) March 2022Index
C140,802,91 €46,298,56 €113.47
C240,002,27 €49,781,79 €124.45
DOI: https://doi.org/10.2478/otmcj-2024-0009 | Journal eISSN: 1847-6228 | Journal ISSN: 1847-5450
Language: English
Page range: 109 - 122
Submitted on: Jan 19, 2024
Accepted on: Apr 23, 2024
Published on: Jun 19, 2024
Published by: University of Zagreb
In partnership with: Paradigm Publishing Services
Publication frequency: 1 issue per year

© 2024 Natasa Suman, Stanko Tominc, published by University of Zagreb
This work is licensed under the Creative Commons Attribution 4.0 License.