Syntec Index measures the evolution of labor costs, primarily of an intellectual nature, on services provided. It is used to update and revise the financial clauses of contracts or markets according to a formula indicated in the contract.
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The index reflects the evolution of labor costs, particularly in contracts whose invoicing may be based on units of work, maintenance of software packages, applications, or even computer systems.
The Syntec Index is a monthly index recognized by the Ministry of Economy and Finance since March 11, 1974. The first value of the reference index was index 100 in January 1961. In January 1984, its value was divided by ten to simplify its use.
You can receive the latest values of the Syntec index by email for €76 per year (price as of October 31, 2014). To do this, fill out and send a form on the Syntec Federation website. Other paid sites like “le moniteur” also offer this service.
Example of application of the Syntec index in a contract
- P1 = P0 x (S1/S0),
- P1 = The revised price,
- P0 = The reference price knowing that the reference price is for the first year, the price on the date of signature, for the following years, the revised price (P1) of the previous year,
- S0 = The Syntec index published on the date of the previous revision,
- S1 = The last Syntec index published on the date of the revision.
| S1 | Value of the Syntec Index for November 2013: 245.60 |
| S0 | Value of the Syntec Index for November 2012: 242.60 |
Therefore, the contractual increase on January 1, 2014, is + 1.24% (=(245.6-242.6) / 242.6).
- P0 = €10,000
- P1 = €10,000 x 0.0124 + €10,000 = €10,124
Syntec Index History
Frequently Asked Questions (FAQ) on the Syntec Index
Latest update of the Syntec index
Revised Syntec Index corrected for the adjustment coefficient and monthly and annual percentage changes:
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