Applications of the BEAMA indices

Applications of the BEAMA indices include:

  • Variation of Price Contracts
  • Annual Variations to Service and Maintenance Contracts
  • Evaluating Costs for Insurance purposes
  • Up-dating the Contract Price to a New Base Date
  • Monitoring Company Costs against the National Average
  • An easy method of obtaining a New Price for Repeat Orders of Equipment

Advantages of using the BEAMA standard formulae are:

  • Speedier Reimbursement
  • Return Commensurate with True Price Movement
  • Confidence in Tendeirng
  • Saving of Staff Effort
  • Tender Evaluation