Construction Law/Price Adjustment

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Abdul Majid Khan wrote at 2013-09-12 18:16:15
Dear Ashok



Although I agree with Sanjay that one index be used in a Contract throughout its life yet I would suggest the following:



Please check the value for 2004-05 based on the base price index of 1993-94 as 100. Make an equation of this value for 2004-05 to its new value for 2004-05 as 100. After this exercise you may find no problem using either 1993-94 or 2004-05 base index. This is not only your issue but the government may have many such issues to be solved.You may consult any Economist who may guide you in such a situation.



This exercise may solve your issue.



(Abdul Majid Khan)

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Construction Law

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Sanjay Khandelwal

Expertise

I can answer related to the various construction contracts forms related with disputes and claims.Expertise in to evalute the extension of time,cost and profit claims.I can answer regarding the contract management in civil works.

Experience

I have the experience of construction industry, as a consultants,executor of construction activities of infrastructure development like road and buildings. I have the experience of various software related to design of highways and quantity evaluation.

Organizations
I am life member of Indian Road Congress,INDIA I am presently employed with M/s Lion Engineering Consultants,INDIA

Education/Credentials
My educational qualifications are as below: I am engineering graduate from MITS, INDIA,1987 I have completed my Post graduation from NIT,INDIA,2011

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