BCIS Price Adjustment Formulae Indices Online (PAFI)

This tool provides a comprehensive, detailed and easy to use method of measuring cost movement for building and civil engineering. Widely used in the construction and infrastructure sector to help fairly allocate risk between the client and sub-contractors

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Measure cost movement for building and civil engineering through a 12 month subscription for this online tool

Benefits
What's included & Indices

Benefits

Independent reliable data source, widely recognised as the industry standard

It will help you

Aid transparency between client and contractors, fairly distributing risk
Achieve flexibility and accurate forward planning based on price adjustments that take into account future variations
Allows the management of inflationary risk and can offer increased cost certainty at the budgeting stage, procurement stage and final account
Get the best price and ensures smooth delivery of payments and projects
Reduce negotiation time by using ‘industry standard’ indices
Saves you time by reducing the complexity of contracts and frameworks
Monitor inflation by choosing from a basket of relevant indices
Gives you the option to obtain bespoke forecasting as a cost prediction
Help you to pre-qualify costs at the tender stage if there is a ‘Inflation Adjustment clause’ in the contract

Used by

Quantity Surveyors and Contractors
Cost Consultants
Estimator
Programme Management
Project Controllers
Project Management
Design Management
Development Management
Asset Management
Local Authorities
Civil Engineers

It will help your client

Allows a simple way to administer ‘standard contract clauses’
Gives a flexible way to models inflation to the project cost
Easy management when working with a number of contractors
Helps remove the risk of inflation when working on long term projects, making cost prediction robust

It will help your contractor

Allows them and sub-contractors to submit competitive tenders in the safe knowledge that any increases in underlying costs will be reimbursed
Help ensure they are protected from inflation and offer the best current price
Ensure they manage costs at early stage using indices to model a cost for a scheme, client or developer
Save time supplying current prices at tender stage

What's included & Indices

Also known as NEDO, Baxter or Osborne Indices and are widely used on variation of price contracts

What's included

Comprises of over 200 indices in four index series (Building, Civil Engineering, Specialist Engineering and Highways Maintenance)
You can select from the indices a ‘basket‘ of indices which reflect the nature of the project
Download indices to use in your own system

Indices

Building
Civil Engineering
Civil Engineering and related Specialist Engineering
Highways Term Maintenance
Specialist Engineering

Pricing

Based on the number of people in your organisation, not the number of users. Prices exclude VAT.

Sole Practitioner

£380

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Professional Practice 10-49

£510

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Professional Practice 2-3

£440

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Professional Practice 4-9

£480

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Reviews

How PAFI helped Crossrail...

Robert Stockwell, Programme Cost Manager on 2015/7/30
Crossrail (CRL)

At Crossrail we have administered NEC3 Contracts with Secondary Option X1 clauses using the BCIS Price Adjustment Formulae Indices (PAFI). By using the BCIS Indices we have been able to procure contracts where inflation is identified as an Employers risk which could otherwise have been priced by our Tier 1 Contractors at a potentially high risk premium. The biggest benefit of using the BCIS Price Adjustment Formulae Indices is that it promotes a collaborative commercial arrangement between the project manager and contractor by setting out in the contract tender process exactly how the impact of inflation will be measured and how the Contractor will recover costs through the administration of a periodic Price Adjustment

Download full Crossrail case study (0.14MB)

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