office of the chief engineer, project swastik, c/o 99 apo ... - Bro.nic.in
office of the chief engineer, project swastik, c/o 99 apo ... - Bro.nic.in office of the chief engineer, project swastik, c/o 99 apo ... - Bro.nic.in
64 26 The formula (e) for adjustment of prices are : R = Value of work as defined in Clause 47.1 of Conditions of Contract Adjustment for labour component [Cl.47] Escalation not applicable to this contract. (i) Price adjustment for increase or decrease in the cost due to labour shall be paid in accordance with the following formula: V L = 0.85 X P 1 /100 x R X (L 1 -L 0 )/L 0 V L = increase or decrease in the cost of work during the month under consideration due to changes in rates for local labour. L 0 = the consumer price index for industrial workers for the State on 28 days preceding the date of opening of Bids as published by labour Bureau, Ministry of Labour, Government of India. L 1 = the consumer price index for industrial workers for the State for the under consideration as published by Labour Bureau, Ministry of Labour, Government of India. P 1 = Percentage of labour component of the work. Adjustment for cement component (ii) Price adjustment for increase or decrease in the cost of cement procured by the Contractor shall be in accordance with the following formula: Vc = 0.85 X Pc/100 x R X (C 1 -C 0 )/C 0 Vc= increase or decrease in the cost of work during the month under consideration due to changes in rates of cement. C 0 = the all India wholesale price index for cement on 28 days preceding the date of opening of Bids as published by the Ministry of Industrial Development, Government of India, New Delhi C 1 = the all India average wholesale price index for cement for the month under consideration as published by Ministry of Industrial Development, Government of India, New Delhi P C = Percentage of cement component of the work. Adjustment for steel component (iii) Price adjustment for increase or decrease in the cost due to steel procured by the Contractor shall be paid in accordance with the following formula: V s = 0.85 X P s /100 x R X (S 1 -S 0 )/S 0 V s = increase or decrease in the cost of work during the month under consideration due to changes in rates for steel. S 0 = the all India wholesale price index for steel (Bars and rods) on 28 days preceding the date of opening of Bids as published by the Ministry of Industrial Development, Government of India, New Delhi S 1 = the all India average wholesale price index for steel (Bars and rods) for the month under consideration as published by Ministry of Industrial Development, Government of India, New Delhi P s = Percentage of steel component of the work. Note : For the application of this clause, index of Bars and Rods has been chosen to represent steel group.
65 Adjustment for bitumen component (iv) Price adjustment for increase or decrease in the cost of bitumen shall be paid in accordance with the following formula: V b = 0.85 X P b /100 x R X (B 1 -B 0 )/B 0 V b = increase or decrease in the cost of work during the month under consideration due to changes in rates for bitumen B 0 = the official retail price of bitumen at the IOC depot at nearest center on the day 28 days prior to date of opening of Bids. B 1 = the official retail price of bitumen of IOC depot at nearest center for the 15 th day of the month under consideration. P b = Percentage of bitumen component of the work. Adjustment of POL (fuel and lubricant) component (v) Price adjustment for increase or decrease in the cost of POL(fuel and lubricant) shall be paid in accordance with the following formula: V f = 0.85 X P f /100 x R X (F 1 -F 0 )/F 0 V f = increase or decrease in the cost of work during the month under consideration due to changes in rates for fuel and lubricants. F 0 = the official retail price of High Speed Diesel (HSD) at the existing consumer pumps of IOC at the nearest on the day 28 days prior to the date of opening of Bids F 1 = the official retail price of High Speed Diesel (HSD) at the existing consumer pumps of IOC at the nearest center for the 15th day of month of the under consideration. P f = Percentage of fuel and lubricants component of the work. Note : For the application of this clause, the price of High Speed Diesel oil has chosen to represent fuel and lubricants group. Adjustment for Plant and Machinery Spares component (vi) Price adjustment for increase or decrease in the cost of Plant and Machinery spares Component shall be paid in accordance with the following formula: V p = 0.85 X P p /100 x R X (P 1 -P 0 )/P 0 V p = increase or decrease in the cost of work during the month under consideration due to changes in rates for Plant and Machinery spares P 0 = the all India wholesale price index for heavy machinery and parts on 28 days preceding the date of opening of Bids as published by the Ministry of Industrial Development, Government of India, New Delhi P 1 = the all India average wholesale price index for heavy machinery and parts for the month under consideration as published by the Ministry of Industrial Development, Government of India, New Delhi P p = Percentage of Plant and Machinery spares component of the work. [Cl.49] Note : For the application of this clause, index of heavy machinery and parts has been chosen to represent the plant and machinery spares group.
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64<br />
26 The formula (e) for adjustment <strong>of</strong> prices are :<br />
R = Value <strong>of</strong> work as def<strong>in</strong>ed <strong>in</strong> Clause 47.1 <strong>of</strong> Conditions <strong>of</strong> Contract<br />
Adjustment for labour component<br />
[Cl.47]<br />
Escalation not<br />
applicable to this<br />
contract.<br />
(i)<br />
Price adjustment for <strong>in</strong>crease or decrease <strong>in</strong> <strong>the</strong> cost due to labour shall be paid<br />
<strong>in</strong> accordance with <strong>the</strong> follow<strong>in</strong>g formula:<br />
V L = 0.85 X P 1 /100 x R X (L 1 -L 0 )/L 0<br />
V L = <strong>in</strong>crease or decrease <strong>in</strong> <strong>the</strong> cost <strong>of</strong> work dur<strong>in</strong>g <strong>the</strong> month under<br />
consideration due to changes <strong>in</strong> rates for local labour.<br />
L 0 = <strong>the</strong> consumer price <strong>in</strong>dex for <strong>in</strong>dustrial workers for <strong>the</strong> State on 28<br />
days preced<strong>in</strong>g <strong>the</strong> date <strong>of</strong> open<strong>in</strong>g <strong>of</strong> Bids as published by labour<br />
Bureau, M<strong>in</strong>istry <strong>of</strong> Labour, Government <strong>of</strong> India.<br />
L 1 = <strong>the</strong> consumer price <strong>in</strong>dex for <strong>in</strong>dustrial workers for <strong>the</strong> State for <strong>the</strong><br />
under consideration as published by Labour Bureau, M<strong>in</strong>istry <strong>of</strong><br />
Labour, Government <strong>of</strong> India.<br />
P 1 = Percentage <strong>of</strong> labour component <strong>of</strong> <strong>the</strong> work.<br />
Adjustment for cement component<br />
(ii)<br />
Price adjustment for <strong>in</strong>crease or decrease <strong>in</strong> <strong>the</strong> cost <strong>of</strong> cement procured by <strong>the</strong><br />
Contractor shall be <strong>in</strong> accordance with <strong>the</strong> follow<strong>in</strong>g formula:<br />
Vc = 0.85 X Pc/100 x R X (C 1 -C 0 )/C 0<br />
Vc= <strong>in</strong>crease or decrease <strong>in</strong> <strong>the</strong> cost <strong>of</strong> work dur<strong>in</strong>g <strong>the</strong> month under<br />
consideration due to changes <strong>in</strong> rates <strong>of</strong> cement.<br />
C 0 = <strong>the</strong> all India wholesale price <strong>in</strong>dex for cement on 28 days preced<strong>in</strong>g<br />
<strong>the</strong> date <strong>of</strong> open<strong>in</strong>g <strong>of</strong> Bids as published by <strong>the</strong> M<strong>in</strong>istry <strong>of</strong> Industrial<br />
Development, Government <strong>of</strong> India, New Delhi<br />
C 1 = <strong>the</strong> all India average wholesale price <strong>in</strong>dex for cement for <strong>the</strong> month<br />
under consideration as published by M<strong>in</strong>istry <strong>of</strong> Industrial<br />
Development, Government <strong>of</strong> India, New Delhi<br />
P C = Percentage <strong>of</strong> cement component <strong>of</strong> <strong>the</strong> work.<br />
Adjustment for steel component<br />
(iii)<br />
Price adjustment for <strong>in</strong>crease or decrease <strong>in</strong> <strong>the</strong> cost due to steel procured by<br />
<strong>the</strong> Contractor shall be paid <strong>in</strong> accordance with <strong>the</strong> follow<strong>in</strong>g formula:<br />
V s = 0.85 X P s /100 x R X (S 1 -S 0 )/S 0<br />
V s = <strong>in</strong>crease or decrease <strong>in</strong> <strong>the</strong> cost <strong>of</strong> work dur<strong>in</strong>g <strong>the</strong> month under<br />
consideration due to changes <strong>in</strong> rates for steel.<br />
S 0 = <strong>the</strong> all India wholesale price <strong>in</strong>dex for steel (Bars and rods) on 28 days<br />
preced<strong>in</strong>g <strong>the</strong> date <strong>of</strong> open<strong>in</strong>g <strong>of</strong> Bids as published by <strong>the</strong> M<strong>in</strong>istry <strong>of</strong><br />
Industrial Development, Government <strong>of</strong> India, New Delhi<br />
S 1 = <strong>the</strong> all India average wholesale price <strong>in</strong>dex for steel (Bars and rods) for<br />
<strong>the</strong> month under consideration as published by M<strong>in</strong>istry <strong>of</strong> Industrial<br />
Development, Government <strong>of</strong> India, New Delhi<br />
P s = Percentage <strong>of</strong> steel component <strong>of</strong> <strong>the</strong> work.<br />
Note : For <strong>the</strong> application <strong>of</strong> this clause, <strong>in</strong>dex <strong>of</strong> Bars and Rods has been<br />
chosen to represent steel group.
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