Steel went up 20% after I priced the job

Whether you get the rise back depends almost entirely on your subcontract. A fluctuations clause is the part that adjusts the price when costs move. On a fixed price with no such clause, the rise is yours. A steep rise in costs does not, by itself, change the price or end the contract. A fluctuations option, or NEC price adjustment for inflation, may pass some or all of it to your main contractor. It does so only by its own method, from its own base date, for the items it covers.

There may be other routes too. Steel bought later because your main contractor delayed the start is one. A changed design priced at today's rates as a variation is another. Each needs its own evidence, and the quickest way to lose all of them is a round percentage on your next application.

Keep the percentage off your application. Read the subcontract for every route the rise could take. That means the fluctuations clause, a variation at current prices, or loss and expense, the extra cost your main contractor's delay caused. Give any notice the clause needs first. Then value each route its own way, from the base date and the published indices or the invoices.

Price Rise Claim reads your subcontract for every route and rates each one for the evidence behind it, from your tender quote to the supplier's increase notice. We value each route, submit it with its workings and negotiate it. The Handover Pack we leave you then shows how Price Rise Loss Prevention would carry the next rise.