Fluctuations, 1st edition

This guidance outlines different fluctuating price mechanisms for use in contracts, selection of appropriate mechanisms for particular situations and techniques for calculating adjustments.

Main topics

• An introduction to fluctuating price.
  
• General principles (Level 1: Knowing).
  
• Fluctuations in different types of contracts.
  
• Types of fluctuations.
  
• Calculation of increased costs due to delay and allocation of responsibility.
  
• Changes in costs due to currency exchange rates.
  
• Practical application (Level 2: Doing).
  
• Practical considerations (Level 3: Doing/Advising).
• Choosing the contract.
• Factors to consider.
  
• Choice of indices and selecting the appropriate method of calculating fluctuations.