In an Official Government Gazette the revised coefficients for building materials' prices
The goal is to reflect in a realistic way in the prices of the works of the public works
The decision of the Minister of Infrastructure and Transport was published in the Official Gazette comprising the revised coefficients of prices in public works
The revised coefficients refer to the whole range of categories for public works (approximately 500), including materials whose excessive price increase was observed in the first three quarters of 2021, and particularly to materials such as steel, aluminum, copper , asphalt, wood, PVC and polyethylene and occupies all ongoing projects.
In addition, at the Ministry of Infrastructure and Transport, is at an advanced stage the establishment of the Company for Specifications and Pricing of Technical Works and Studies in which the private sector will also be represented.
A horizontal procedure for monitoring material prices fluctuations, as well as the pricing of technical works, is now in place, which will ensure competition in the construction industry from market distortions.
Through the new procedure that exists in the law L.4782 / 21, for the public contracts, the goal is to reflect in a realistic way in the prices of the works of the public works, the current prices of the market and thus, to be formed based on what is valid in real-time market.