SEIFSA PIPS

A contract is simply a written document that outlines the full understanding of the business relationship and scope of the work so that no one can claim any misunderstandings later down the road....

When a buying company awards a tender to a supplying company, it is important for the parties to the contract to understand that a contract, at its core, is a...

Tenders are put out when large-scale buyers such as State-owned enterprises advertise their needs and invite bids or tenders from a range of suppliers. They constitute an offer in writing...

In order for any business to remain sustainable, a company has to monitor price escalation trends;  in other words, it has to keep track of the increases or decreases in...

SIX (6) INTERESTING FACTS YOU MAY NOT KNOW ABOUT CONTRACTS  Irrespective of whether you are running a small business or a large enterprise, contracts will become an integral part of...

So, you are in the process of tendering for that big contract and it is a requirement that you make use of the SEIFSA indices to assist you in accurately...

The most important factor regarding contract price escalation is that the basis on which this is achieved must be fair and equitable to both parties to a contract. The recovery...

The SEIFSA Price and Index Pages (PIPS), a Steel and Engineering Industries Federation of Southern Africa publication, has reached its 60th successful year of production. Subscriptions to PIPS have more...

Domestic Producer Steel Prices (factory gate prices) exhibited a general decreasing trend during the first half of 2017 and declined from 37.5% y-o-y in January 2017 to 5.0% recorded in July 2017. During the latter part of 2017 prices picked up and increased to 10.1% y-o-y in September 2017.

Based on the terms and conditions set out in the tender awarded to you, it is now time for you to take stock of what has happened to the price...