Theory and Calculation of Contract Price Adjustment – Johannesburg – 08 November 2019

Non Member: R3,530.07 ex vat

Date: 08 November 2019

  • Start Time:
  • End Time:
  • Venue:
    SEIFSA Offices 42 Anderson Street, Johannesburg
  • Member Price: R
  • Non-Member Price: R
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About the workshop

The interest in price indices and the importance of these indices has grown rapidly over the past couple of decades.

A sound practical knowledge of indices has therefore become essential for business in the tender and contracts environment.

The Theory and Calculation of Contract Price Adjustment Workshop provides a systematic explanation of the full range of indices used in Contract Price Adjustment, practical application of indices and formulas and how to derive the most value from the practice.

In this workshop you will learn how to analyse and maintain:

  • Cost increases in your business
  • Optimal cost recovery and management
  • Sustaining profit margins through the use of the SEIFSA – Price and Index Pages (PIPS)
  • Opportunities for cost reduction

The presenter

Marique Kruger , Economist | SEIFSA

About the presenter


Marique joined SEIFSA in July 2017 as an Economist within SEIFSA’s Economics and Commercial Division. She holds a Bachelor of Commerce with Honours in Economics degree from the University of Johannesburg and she is in the final stages of completing a Master of Commerce in Economics from the same institution.

Part of her role at SEIFSA entails facilitating the Theory and Calculation of Contract Price Adjustment workshop, advising clients both on the buying and supplying side of contracts on matters relating to contract price adjustment, as well as helping them to structure their Contract Price Adjustment clauses, using the SEIFSA – Price and Index Pages (PIPS). Prior to joining SEIFSA Marique worked at Statistics South Africa and ETSA as an Economist.

Who should attend?

  • All people involved in contract negotiations and pricing
  • Procurement Managers
  • Contract Managers
  • Buyers
  • Marketing and sales teams
  • Suppliers to government, parastatals and large corporate companies

The workshop will cover

Session 1

Schematic overview of the theory and calculation of contract price adjustment.
Recovery of cost increases.
A detailed guide to the SEIFSA Price and Index Pages.
The components of price adjustment formulas.

Session 2

The use of price adjustment formulas.
Formula components.
Fixed portions in contracts.
The construction of price adjustment formulas.
Practical exercise.

Included in the fees

  • Course material
  • Certificate of attendance
  • Refreshments
  • Lunch


Thabiso Lebea | Events and Facilities Coordinator
Tel: 011 298 9442
Email: or