Price Adjustment for Inflation
Adjusts the Prices for inflation using indices stated in the Contract Data.
Used for long-duration projects. The adjustment applies to amounts due and CE assessments.
The choice of index is critical. Use an index that reflects actual cost movements in the project's sector.
📖 This summary is for reference. For the full, authoritative NEC4 contract text — including all amendments, guidance notes, and flow charts — visit the official NEC website.
Purchase Official NEC4 →⚠️ This commentary is for reference only. Always refer to the full NEC4 contract text and seek professional legal or contractual advice for your specific project.