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C/o Motorable Steel Arch Bridge over river Yamne at Reglat (Bysang)

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77<br />

Clause Reference<br />

.with respect to<br />

section 3<br />

Si= The all India average wholesale price index for steel (Bars and<br />

Rods) for the month undf,r crn:rsir+i.a:F+irln as pnrblism by<br />

Ministry of Industrial Development, New Delhi<br />

P"= Percentage of steel componerrt of the work<br />

Note.: For the applic<strong>at</strong>ion of this clause, index of Bars and Rods has<br />

been chasen to represent steel group.<br />

Adjustrnent of bitumen component<br />

(iv) Frice adjustment for increase or decrease in the cost of bitumen shall<br />

be paid in accordance with the following formula:<br />

Vu= 0.85 x Pu/100 x R x (B; -B, )/El.<br />

Vu=<br />

Bo=<br />

Bt=<br />

Pu=<br />

Increase or decrease in the cost of work during the month under<br />

consider<strong>at</strong>ion due to cheurg6* in r<strong>at</strong>es for bitumen.<br />

The oflicial retail price of bitumen <strong>at</strong> the IOC depot <strong>at</strong> nea_rest<br />

center on the day 28 days prior to d<strong>at</strong>e of opening of Bids.<br />

The officia-l retail price of bitumen of IOC depot <strong>at</strong> nearest center<br />

for the lStlt day of the month under considerafion, -,-"-,<br />

Percentage of bitumen component of the work<br />

r AdJustment of POL {fuel and lubricant) eomponent<br />

(v) Price adjustment for increase or decrease in cost of POL (fuel and<br />

lubricant) shall be paid in accordalce with the following formula:<br />

Vi=<br />

Vr=<br />

Fo=<br />

Fi=<br />

0.85 x Pr/ 100 x R x (F; -Fo)/Fo<br />

Increase or decrease in the cost of work during tJre month under<br />

consider<strong>at</strong>ion due to changes in r<strong>at</strong>es for fuel and lubricants.<br />

The official retail price of High Speed Diesel (HSD) <strong>at</strong> the existing<br />

€orrsrJmer pumps of IOC <strong>at</strong> near€s+ €€nter on the day2S days<br />

prior to the d<strong>at</strong>e of opening of Bids.<br />

The official retail price of HSD <strong>at</strong> the existing consumer pumps<br />

of IOC <strong>at</strong> nearest center for the 15th day of month of the under<br />

consider<strong>at</strong>ion.<br />

Pr Percentage of fuel and lubricants component of the work.<br />

Note: For the applic<strong>at</strong>ion of this clause, the pice of High Speed Desel oil has been clwsen to<br />

represent fuel and lubricants group.<br />

l<br />

C=c or,^.J=6 .D=c f:C<br />

-'<br />

'

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