Price and Index Pages

PIPS

The SEIFSA Price and Index Pages (PIPS) publication contains a wide range of indices which are used as an inflation modelling tool for contract price adjustment in long-term contract. Whether you are a client, supplier, or service provider the SEIFSA PIPS provides the data and tools you need to maintain project profitability. Our extensive database tracks and publishes over 260 indices on monthly basis, including steel, metal, labour, transportation, and more. This information allows you to:
  • Account for changes in domestic and international prices when adjusting your contract prices.
  • Ensure fair contract cost adjustments based on real market data.
  • Improve your organisational sustainability by mitigating project cost overruns.
  • Minimise project cost issues with accurate price adjustments.
  • Monitor market trends to gain valuable insights into cost fluctuations.

SEIFSA PIPS benefits both buyers and suppliers:

  • Buyers can be confident that contract price adjustments are fair and market-related therefore guarding against unnecessary project cost overruns while maintaining profitability.
  • Suppliers can ensure they receive compensation for cost increases and equally safeguard their profit margins.

Watch the Video below on PIPS

Important Update: SEIFSA Price and Index Pages (PIPS) - Indices Rebased to December 2023

SEIFSA has officially rebased its PIPS indices to December 2023 = 100. SEIFSA PIPS are widely used for contract escalation and price adjustment, making this update essential and best practice for managing indices. It also ensures that the indices remain relevant, accurate, and reflective of the current market conditions. 

Rebasing an index involves adjusting the base value of an index to a new point in time (the base date), usually undertaken every five-years. This process does not change the percentage movements or trends shown by the indices but resets the base level from which the changes are calculated. 

The rebasing will not affect the historical trends or the ongoing calculation of the indices. All historical data will be adjusted to reflect the rebased series and will be available to subscribers on request from the SEIFSA office. Conversion factors, used to convert the new index series to match the old series, are also available for older contracts. 

Our customer support team is available to assist with any guidance and answers to queries that subscribers may have. 

Please feel free to contact Thandeka Shabangu ( Thandeka@seifsa.co.za ) or  Eleen Snyman ( eleen@seifsa.co.za ).

Kind Regards,

Economics and Commercial Division | SEIFSA

× WhatsApp Us