A study on Improving Price Adjustment Administration in Federal Road Projects
| dc.contributor.advisor | Wubishet Jekale (PhD. Eng.) | |
| dc.contributor.author | Simreteab Gebremedhin | |
| dc.date.accessioned | 2023-12-19T13:16:13Z | |
| dc.date.available | 2023-12-19T13:16:13Z | |
| dc.date.issued | 2021-06-01 | |
| dc.description.abstract | The degree of price variations referring to each specific type of construction shall be measured by specific price indices, in order to achieve more accurate results. In Ethiopian Road Authority, Price Index is commonly used for price adjustment administration in the escalation of road construction costs. This study aims to improve price adjustment administration in federal road projects. The objectives of the study report in this thesis are assessing current price indices determination practice when original source cease to publish indices, assessing reliable sources to minimize ceasing of publishing indices and developing guideline for price adjustment administration system when supplier cease to exist and replaced by new source. This research covered, the studies on improving price adjustment administration in federal road projects. Moreover, price adjustment administration when suppliers cease to published price indices were analyzed by trend, T-tests and regression analysis techniques, to obtain models to predict the future values of the new sources of indices, which was a way enabling the prediction of the future indices of a price adjustment in federal road projects. Using a detailed literature review, a quantitative data collection approach, data was collected from Ethiopian Road Authority payment certificates, to see the trend of price adjustments of key construction cost inputs (cement, bitumen, fuel and steel), National Bank of Ethiopia’s website (currency exchange ETB to USD) and different local and international road construction material suppliers’ websites. In this thesis, some descriptive statistical methods have been used for the analysis of Three DB case study projects that are completed under RSDP IV. The projects are Chole magna, Dire Dawa- Dewelle and Pawi-Junction. The result is analysed using trend, T-test and regression analysis methods. The analysis resulted that, NOC should be used as a new source for Chole magna and Dire Dawa-Dewelle projects. Producer Price Index (PPI); Petroleum from Bureau of Labour Statistics (BLS) U.S should be used for Pawi Junction-Fendkia-Ayma project. Finally, based on the analysis of the results, this research developed guideline to enable professionals to determine the new source of index using a common guideline and help to create common understanding. | |
| dc.identifier.uri | http://etd.aau.edu.et/handle/123456789/1115 | |
| dc.language.iso | en | |
| dc.publisher | Addis Ababa University | |
| dc.subject | Price Adjustment, Price Index Construction Price Index and Supplier cease to published price index. | |
| dc.title | A study on Improving Price Adjustment Administration in Federal Road Projects | |
| dc.type | Thesis |