Transcription of GUIDANCE NOTE ON PROCUREMENT
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GUIDANCE NOTE ON PROCUREMENT
ASIAN DEVELOPMENT BANKPRICE ADJUSTMENTGUIDANCE NOTE ON PROCUREMENTJUNE 2018 ASIAN DEVELOPMENT BANKPRICE ADJUSTMENTGUIDANCE NOTE ON PROCUREMENTJUNE 2018 Creative Commons Attribution-NonCommercial-NoDerivs IGO license (CC BY-NC-ND IGO) 2018 Asian Development Bank6 ADB Avenue, Mandaluyong City, 1550 Metro Manila, PhilippinesTel +63 2 632 4444; Fax +63 2 636 rights reserved. Published in 2018. ISBN 978-92-9261-198-9 (print), 978-92-9261-199-6 (electronic)Publication Stock No. TIM189397-2 DOI: views expressed in this publication are those of the authors and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent. ADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use.
adjustment is a modification made to the overall price of a contract to take account of legitimate changes in the costs of performing the contract. It is a mechanism to protect both buyers and sellers from unforeseeable input price fluctuations. This guidance note discusses price adjustment provisions for goods, works, and
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