Price Adjustment Formulae for Construction Contracts * Provisional

Series 2 - Decorations: 2/44 June 1976 = 100

Jan Feb

2006 2007 2008 2009 2010 2011 2012 2013 769 793 826 874 877 880 910 939 770 795 827 874 877 885 911 940

Mar 770 795 827 875 878 885 913 942 Apr

769 795 831 875 878 886 912 942

May 769 795 831 875 879 888 910 941 June 769 824 832 875 879 889 912 937 July 793 825 874 875 879 898 915 937 Aug 794 825 874 875 879 898 915 937* Sep Oct

793 825 874 875 879 909 915 938* 793 825 873 876 879 908 915 937*

Nov 793 826 873 876 880 908 924 Dec

793 826 874 876 880 910 924

The Price Adjustment Formulae Indices are monthly indices used in conjunction with formula methods for adjusting construction contracts which are not fixed priced. They are sometimes known as the NEDO, Baxter or Osborne Indices. The formulae calculate the increase or decrease in contractors&#39; costs over any

period, to the nearest month. This method of reimbursement helps speed up payment to contractors and reduces administrative costs. The indices published above are for decorating work and are compiled from

labour and materials costs. Series 3 is the latest series and recommended for use on all new contracts. Series 2 continues to be published for contracts which still require their use.

Jan Feb

Series 3 - Finishes: Painting &#38; Decorating: 3/48 June 1990 = 100

2006 2007 2008 2009 2010 2011 2012 2013 233 239 249 264 265 266 275 283 233 240 249 264 265 268 275 284

Mar 233 240 249 264 265 268 276 284 Apr

233 240 251 264 265 267 275 284

May 233 240 251 264 266 268 274 284 June 233 240 251 264 266 268 275 283 July 239 249 264 264 266 271 276 283 Aug 239 249 264 264 266 271 276 283* Sep Oct

239 249 264 264 266 274 276 283* 239 249 264 264 266 274 276 283*

Nov 239 249 264 264 266 274 279 Dec

239 249 264 264 266 274 279 Forthcoming events

FEBRUARY 12 Doncaster Branch Meeting

25 Bradford Branch Meeting &#38; AGM

25 Rochdale Branch Meeting

Doncaster Rugby Club, Armthorpe Road DN2 5QB 7.30pm

Shipley Conservative Club, Otley Road BD18 3SA

11 Denver Road, Rochdale, OL11 1TT

26 York &#38; District Branch Meeting The Buckles Inn, York, YO23 3PW8.00pm

MARCH 3 Preston Branch Meeting

3 Stockton Branch Meeting 5 Wakefield &#38; District Branch Meeting &#38; AGM 12 Doncaster Branch Meeting 25 Rochdale Branch Meeting

25 Bradford Branch Meeting &#38; AGM

7.30pm 8.00pm

Venue TBC by James Jones, Branch Secretary, 01257 452303

Centenary Hotel, Norton, Stockton-on-Tees, TS20 1RF 7.30pm

Kirklands Hotel, Leeds Road, Outwood WF1 2LU

8.00pm

Doncaster Rugby Club, Armthorpe Road, DN2 5QB 7.30pm

11 Denver Road, Rochdale, OL11 1TT

Shipley Conservative Club, Otley Road BD18 3SA

26 York &#38; District Branch Meeting The Buckles Inn, York, YO23 3PW

8.00pm 7.30pm 8.00p

UP TO DATE INFORMATION ABOUT ALL EVENTS IS

AVAILABLE ON THE PDA WEBSITE www.paintingdecoratingassociation.co.uk 22 decorator

association news

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