THE MINISTRY OF WORKS
ENGINEERS REGISTRATION BOARD TANZANIA
SCHOOL OF PROFESSIONAL ENGINEERING AND LEADERSHIP
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This course is designed to enable participants to clearly understand, apply, and manage Price Adjustment Formula (PAF) mechanisms in contracts. It focuses on the principles, components, and practical application of PAF to ensure fair and transparent contract price adjustments arising from inflation, market fluctuations, and changes in input costs. Participants will gain the skills needed to correctly interpret contract provisions, perform accurate price adjustment calculations, and effectively manage contractual risks while maintaining compliance with applicable laws and standard contract conditions