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.
This guidance note is intended to be a living document and will be revised as required. ... Cumulative impacts of price escalation can be substantial in contracts with long delivery and completion periods. Contracts that include large, price-sensitive materials
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