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What is index regulation (LPS) and how do I activate it?

About index regulation (LPS) and how to activate it

LPS (index regulation of wage and price increases) is used when the contract is regulated according to the construction cost index from Statistics Norway (SSB).

Activation

  1. Open the Payment Plan

  2. Turn on the Index regulation toggle

  3. Select Index, LPS settlement and Base month

    Editing the Payment Plan with the index regulation settings: index, LPS settlement and base month

  4. Save

AIMZ automatically fetches the current index and calculates the LPS adjustment.

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