Assessment of construction contracts' price changes under high inflation

Sabah Alkass, Charles Maroun

Research output: Contribution to journalArticlepeer-review


Price escalation formulas were used to adjust for the changes in the prices of construction contracts for works executed in a highly inflated economy. In this work, two different sets of price revision formulas were studied and the effects of changing the coefficients assigned to the construction components in these formulas were determined. A regression analysis was then conducted, aiming at reducing the number of variables in the price revision formulas to the two most sensitive ones, namely the Exchange Rate and the Labour Minimum Monthly Wage.

Original languageEnglish
Pages (from-to)237-245
Number of pages9
JournalStructural Engineering Review
Issue number2-3
Publication statusPublished - 1996
Externally publishedYes

ASJC Scopus subject areas

  • General Engineering


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