ARCHIVED: Fluctuations, 1st edition, RICS guidance note (August 2016)
Published August 2016
Effective from 23 November 2016
Reissued November 2024
The purpose of this practice information is to outline the different types of fluctuating price mechanisms available for use within those contracts, selection of the most appropriate mechanism for particular situations, and techniques for calculating adjustments.
The practice information is intended for anyone involved in fluctuating price contracts, particularly quantity surveyors.
This is part of RICS' Black Book, which is a collection of technical practice documents that covers all processes throughout the construction project life cycle. The documents are essential development tools for junior professionals working through their APC and useful guides to best practice for more experienced professionals.
A project is currently underway to review and update the Black Book content with the aim of producing a comprehensive new edition. Expected to publish in 2025, the new Black Book will comprise an overarching global professional standard, accompanied by practical guidance material.
This document was reissued in November 2024 as practice information. It had previously been published in August 2016 as a guidance note. No material changes have been made to the document.
- File type: PDF
- Size: 844.82 KB
Your download should start automatically;
if it doesn't please click below.
In some browsers you may need to click the security bar at the top or bottom of the screen and select to download the file.
To manually start the file download, use the link below.