CONTRACT PRICE ADJUSTMENT PROVISIONS (CPAP) WORK GROUPS AND SELECTED MATERIALS INDICES FROM STATS SA JUNE 2017

CONTRACT PRICE ADJUSTMENT PROVISIONS (CPAP) WORK GROUPS AND SELECTED MATERIALS INDICES FROM STATS SA JUNE 2017

CPAP indices are used by electrical contractors to calculate adjustments (escalation or de-escalation) on their progress payments. There is a labour component and material component in the formula, which is used to do the calculations. The CPAP is the formula used most commonly in the Electrical Industry in South Africa today.

CPAP June 2017

 

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