The BEAMA Contract Price Adjustment (CPA) Advisory Service was first established in 1969, and provides information and guidance to both BEAMA and non-BEAMA members on a fee paying basis. This specialised service was first introduced to satisfy an increasing demand from many branches of industry for advice and guidance on various aspects of Contract Price Adjustment.

In addition to the standard Contract Price Adjustment Clause and Formulae for Electrical Machinery and Mechanical Plant, BEAMA also produces a number of product formulae for specific applications covering:-

• Electrical Machinery
• Mechanical Plant
• Industrial Electronic Equipment.
• Rotating Electrical Machinery.
• Distribution Transformers (Home).
• Distribution Transformers (Export) up to, but not including 10 MVA.
• Transformers (Export): Transformers of 10 MVA and above.
• Turbo Generating and Allied Plant.
• Switchgear including MV Distribution Fusegear and loose isolators up to and. including 36KV.
• Switchgear and loose isolators above 36 KV.
• Factory Built Assemblies of Control Equipment: Excluding Erection
• Factory Built Assemblies of Low Voltage Switchgear (Home) Excluding Erection.

All of the above formulae are available for both home and export contracts except where specified.

The index figures are published monthly and available to subscribers of the BEAMA Contract Price Adjustment Advisory Service.

The United Kingdom Government departments co-operate and collaborate with BEAMA in the preparation of the appropriate labour and material indices. The Office for National statistics produce on behalf of BEAMA price index figures for materials used in the Mechanical Engineering Industry and the Electrical Machinery Industry.

The BEAMA Labour Cost Index as applied to calculations in connection with the BEAMA Contract Price Adjustment Clause and Formulae is based upon the National Average Earnings Index figures for the Engineering Industry produced by the Government Department of Employment. The index also takes into account National Insurance Statutory Payments, variations in paid holidays and the working week.

The BEAMA CPA Advisory Service is widely recognised as the United Kingdom authority on Contract Price Adjustment and provides information and advice on a regular basis to over 600 companies. The annual subscription to this service is currently £190 plus VAT.