The SEIFSA Price and Index Pages, a Steel and Engineering Industries Federation of South Africa publication and subscription, is now in its 50th successful year of production.
Subscriptions to PIPS have more than doubled over the past 5 years from 800 to more than 1,700 companies. An estimated readership of 16,000 comprises mainly of buyers and contract and procurement managers. All three tiers of government departments and parastatals including ESKOM, Spoornet, SAA, ACSA and others in the transport, construction and manufacturing industries subscribe to PIPS in order to benchmark their procurement and sales practices.
PIPS consists of approximately 180 independent market or product specific indices that SEIFSA reviews and updates on a monthly basis. These indices are widely used to determine and negotiate Contract Price Adjustments (CPA) to ensure a fair and equitable deal for both the client and supplier.
The Price and Index Pages are solely available from SEIFSA and protected by copyright and trademark law.
Join us on the Theory and Calculation of Contract Price Adjustment workshop..
The Steel and Engineering Industries South Africa (SEIFSA) and Economic Trend South Africa (ETSA) are in the process of improving available market information and intelligence and as a result its index data availability to the industry. SEIFSA and ETSA are constantly looking for continuous improvement in relation to information and additional indices to improve on current available market information.
Inflation and price escalation is a great concern in any contract. Price changes for variables like labour, steel and cement may vary significantly from the CPI or PPI of a country and can, to a large extent, influence the viability of an agreement or project on the budgeted amount.
The new indices will be presented in three phases, the first phase will contain information and indices, such as:
a) Exchange rate indices
b) Indices for tin, aluminium and stainless steel
c) Indices for coal
e) Cotton and Wool
f) Electrical Motors and materials
g) Food stuffs
h) Chinese Iron Ore
j) Steel prices – International ,flats, long, global prices
k) International PPI and CPI (different countries)