BACKGROUND AND OBJECTIVE

---

The formula adjustment provision provides for the needs of contractors who require a clear-cut, agreed escalation recovery formula method to avoid dissension and disputes with employers and subcontractors and to provide reasonable reimbursement for price fluctuations. A workable formula method of contract price adjustment simplifies accounting procedures and generally provides for acceptable reimbursement.

The CPAP reflects price changes as closely as possible within the philosophy of an index-based system. Users must bear in mind that a formula cannot precisely reflect actual cost fluctuations on a contract or any particular element of work. The CPAP is designed to simplify adjustment procedures while providing a level of recompense accepted as fair to employer, contractor and subcontractor.

The CPAP Committee claims authorship of this work. All rights are reserved.

CURRENT DOCUMENTS

---

THE CPAP APPLICATION MANUAL

• The CPAP Application Manual – January 2018 (for use with P0151.1 indices published by Statistics South Africa

CONSTRUCTION MATERIAL PRICE INDICES : SOURCES AND METHODS

• Construction Material Price Indices: Sources and Methods February 2024

CONVERSION FACTORS

• Rebasing of the Construction Material Price Index - December 2023
  
• Rebasing of the Construction Material Price Index –  January 2021

WORK GROUPS COMPOSITION

• Work Groups Composition and Weightings of Sub-indices - August 2021

CHANGES MADE IN JANUARY 2024 (ON PAGE 3)

• P0151.1 Statistical Release

LATEST P0151.1 STATISTICAL RELEASES

• Download the latest P0151.1 direct from Stats SA

HISTORICAL DOCUMENTS

---

• The list of changes to the Work Groups Composition and Weightings of Sub-indices effective from January 2018
  
  
• P0151.1 Construction Materials Price indices
  
  
• The Work Groups Composition and Weightings of Sub-indices – January 2020

• 2013 CPAP Application Manual
  
  
• Changes between the 2005 and 2013 manuals
  
  
• Termination of Tables 2, 3 and 4 – P0151 (29 June 2017)
  
  
• CPAP Historical Indices Dec 2016=100 (as at June 2017)
  
  
• The Work Groups Composition and Weightings of Sub-indices (current as at January 2018)
  
  
• Work Groups Composition and Weightings of Sub-indices (current as at January 2017)
  
  
• Work Groups Composition and Weightings of Sub-indices (current as at January 2013)