Analysis of Price Adjustment Payments for RCC T-Beam and Pre-stressed Bridges Construction Contracts-Reference-Cited by-同舟云学术

Analysis of Price Adjustment Payments for RCC T-Beam and Pre-stressed Bridges Construction Contracts

Published:2023-02-17 Issue: Volume: Page:141-163
ISSN:2581-6942
Container-title:International Journal of Case Studies in Business, IT, and Education
language:en
Short-container-title:IJCSBE

Author:

Chaudhary Navneet¹,Mishra A. K.²,Aithal P. S.³

Affiliation:

1. M.Sc Research Scholar, Madan Bhandari Memorial Academy Nepal, Joint Constituent College of Pokhara University, Urlabari-3, Morang , Nepal

2. D.Sc Research Scholar, Srinivas University, India, and Associate Professor, Madan Bhandari Memorial College, Tribhuvan University, Kathmandu, Nepal

3. Professor, Institute of Management & Commerce, Srinivas University, Mangalore, India

Abstract

Purpose: Let’s compare and analyze the price adjustment payments for RCC T-beam and Pre-stressed bridges construction contracts for evaluation of the cost effectiveness of price adjustment payment. Design/Methodology/Approach: Based on Questionnaire survey and Official documents, comparison and analysis were done for RCC T-beam and Pre-stressed bridges construction contracts of price adjustment payment. Findings/Result: The weightage of price adjustment payment is 9% of total payment. This assessment was done to show the importance of price adjustment and its study in bridge construction contracts. As per GCC & SCC clause 53.7 of Standard Bidding Document, price adjustment is limited to 25%. Comparison of payments for price adjustments was done for different T-girder and pre-stressed bridges. Price adjustment payments for the computed price adjustment coefficients were calculated and compared with that of the actual payment made. Originality/Value: This research was mainly dedicated to deriving logical price adjustment coefficient ranges in making the price adjustment process for RCC T-girder and prestressed construction contracts economical. Paper Type: Research paper

Publisher

Srinivas University

Subject

General Medicine

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