Methods of Adjustments the Cost in Constructions

The aim of this article is to show the impact of adjustments in construction projects. The methodology and impact of costs in construction are analyzed by applying the formula for calculating the cost of price adjustments based on inflation. The cost of a project is defined by its direct and indirec...

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Main Authors: Ciurusniuc Cornel Adrian, Ciurusniuc-Ichimov Irina, Șerbănoiu Adrian-Alexandru
Format: Article
Language:English
Published: Sciendo 2022-03-01
Series:Bulletin of the Polytechnic Institute of Jassy: Constructions, Architechture Section
Subjects:
Online Access:https://doi.org/10.2478/bipca-2022-0003
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author Ciurusniuc Cornel Adrian
Ciurusniuc-Ichimov Irina
Șerbănoiu Adrian-Alexandru
author_facet Ciurusniuc Cornel Adrian
Ciurusniuc-Ichimov Irina
Șerbănoiu Adrian-Alexandru
author_sort Ciurusniuc Cornel Adrian
collection DOAJ
description The aim of this article is to show the impact of adjustments in construction projects. The methodology and impact of costs in construction are analyzed by applying the formula for calculating the cost of price adjustments based on inflation. The cost of a project is defined by its direct and indirect costs, but in projects carried out by the state, there are adjustments to the cost. The adjustment cost is intended to take over a price increase due to changes that are not related to the project and are related to the market economy of the construction industry.
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spelling doaj.art-daeb98805b7149579703b2c08915dbfa2024-01-29T08:53:18ZengSciendoBulletin of the Polytechnic Institute of Jassy: Constructions, Architechture Section2068-47622022-03-01681293810.2478/bipca-2022-0003Methods of Adjustments the Cost in ConstructionsCiurusniuc Cornel Adrian0Ciurusniuc-Ichimov Irina1Șerbănoiu Adrian-Alexandru21„Gheorghe Asachi” Technical University of Iasi, Faculty of Civil Engineering and Building Services, Iasi, Romania1„Gheorghe Asachi” Technical University of Iasi, Faculty of Civil Engineering and Building Services, Iasi, Romania1„Gheorghe Asachi” Technical University of Iasi, Faculty of Civil Engineering and Building Services, Iasi, RomaniaThe aim of this article is to show the impact of adjustments in construction projects. The methodology and impact of costs in construction are analyzed by applying the formula for calculating the cost of price adjustments based on inflation. The cost of a project is defined by its direct and indirect costs, but in projects carried out by the state, there are adjustments to the cost. The adjustment cost is intended to take over a price increase due to changes that are not related to the project and are related to the market economy of the construction industry.https://doi.org/10.2478/bipca-2022-0003public construction projectsmaterial costforecastingcost inflation model; cost increase
spellingShingle Ciurusniuc Cornel Adrian
Ciurusniuc-Ichimov Irina
Șerbănoiu Adrian-Alexandru
Methods of Adjustments the Cost in Constructions
Bulletin of the Polytechnic Institute of Jassy: Constructions, Architechture Section
public construction projects
material cost
forecasting
cost inflation model; cost increase
title Methods of Adjustments the Cost in Constructions
title_full Methods of Adjustments the Cost in Constructions
title_fullStr Methods of Adjustments the Cost in Constructions
title_full_unstemmed Methods of Adjustments the Cost in Constructions
title_short Methods of Adjustments the Cost in Constructions
title_sort methods of adjustments the cost in constructions
topic public construction projects
material cost
forecasting
cost inflation model; cost increase
url https://doi.org/10.2478/bipca-2022-0003
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