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Today we are exploring the price adjustment formula created by the British Electro Technical and Allied Manufacturers Association (BEAMA). They have produced a suite of indices related to electrical periods in time. The base index in 1980 was 100, and in January 2005 it increased to 640.2 before rising to 734.9 in August 2008. This is not cash, but an index for materials. The index in 2000 was 100, and by 2007 it had reached 139.30. Buyers do not use the starting index, but rather an average over time. The formula assumes this average for calculation purposes.