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Price Adjustment on Prolongation Cost Claim

4 replies [Last post]
Sat, 2004-09-25 07:36
sanjay sharma
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Could any one assit me on how to calculate price adjustment on time related indirect cost under extended over head claim ( prolongation cost due to EOT)
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Replies

Mon, 2004-10-25 22:36
#1
Andrew Ng
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Dear Sanjeev,

if what you are looking for is pertaining to the formulae for calculation and recovery of home and head office overheads, there is a rather lengthy but comprehensive article written by J G Zack fro Fluor USA, which I found rather useful.

Pls download from

www.icoste.org/ZACK.pdf.

Best Regards

Andrew Huang
Project Resources International
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Sun, 2004-09-26 10:42
#2
Stuart Ness
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Sanjeev,
I have sent you a private e-mail on this subject.

Stuart
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Sun, 2004-09-26 09:42
#3
sanjay sharma
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Stuart

I mean the indirect cost not direct like (materials) in pursuant to clause 70 of FIDIC. Indirect cost such as headoffice expences, overheads, fixed cost like camps and time related such as insurnace, manpower etc.

Thanks

sanjeev

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Sun, 2004-09-26 06:56
#4
Stuart Ness
User offline. Last seen 12 years 46 weeks ago. Offline
Joined: 30 Jun 2004
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Sanjeev,
Do you mean time related direct costs?

Usually, indirect costs – also sometimes called consequential damages – are not normally allowed!

However, direct costs that are time related to an EOT are usually allowed.
If you can clarify this point, we may be able to move forward.

Cheers,

Stuart

www.rosmartin.com
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