On 19 July 2022 the policy area Mobility and Public Works (hereafter ‘paMPW’) of the Flemish government approved the Service Order MOW/MIN/2022/02 as a measure against the current sharp price increases and the shortage of materials and raw materials. It has been decided to temporarily adjust the price revision formula, using more recent parameters to better reflect the actual price increases. Additionally, suggestions are made for how to deal with the impact of the supply issues on the time of execution . Though this regime is likely well-intended, there are a few important observations to be made, since the result of the proposed change as a whole does not necessarily benefit only the contractor.
This article is available in Dutch and French.