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
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65<br />
Adjustment for bitumen component<br />
(iv) Price adjustment for <strong>in</strong>crease or decrease <strong>in</strong> <strong>the</strong> cost <strong>of</strong> bitumen shall be paid <strong>in</strong><br />
accordance with <strong>the</strong> follow<strong>in</strong>g formula:<br />
V b = 0.85 X P b /100 x R X (B 1 -B 0 )/B 0<br />
V b = <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 bitumen<br />
B 0 = <strong>the</strong> <strong>of</strong>ficial retail price <strong>of</strong> bitumen at <strong>the</strong> IOC depot at nearest center on<br />
<strong>the</strong> day 28 days prior to date <strong>of</strong> open<strong>in</strong>g <strong>of</strong> Bids.<br />
B 1 = <strong>the</strong> <strong>of</strong>ficial retail price <strong>of</strong> bitumen <strong>of</strong> IOC depot at nearest center for<br />
<strong>the</strong> 15 th day <strong>of</strong> <strong>the</strong> month under consideration.<br />
P b = Percentage <strong>of</strong> bitumen component <strong>of</strong> <strong>the</strong> work.<br />
Adjustment <strong>of</strong> POL (fuel and lubricant) component<br />
(v)<br />
Price adjustment for <strong>in</strong>crease or decrease <strong>in</strong> <strong>the</strong> cost <strong>of</strong> POL(fuel and lubricant)<br />
shall be paid <strong>in</strong> accordance with <strong>the</strong> follow<strong>in</strong>g formula:<br />
V f = 0.85 X P f /100 x R X (F 1 -F 0 )/F 0<br />
V f = <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 fuel and lubricants.<br />
F 0 = <strong>the</strong> <strong>of</strong>ficial retail price <strong>of</strong> High Speed Diesel (HSD) at <strong>the</strong> exist<strong>in</strong>g<br />
consumer pumps <strong>of</strong> IOC at <strong>the</strong> nearest on <strong>the</strong> day 28 days prior to <strong>the</strong><br />
date <strong>of</strong> open<strong>in</strong>g <strong>of</strong> Bids<br />
F 1 = <strong>the</strong> <strong>of</strong>ficial retail price <strong>of</strong> High Speed Diesel (HSD) at <strong>the</strong> exist<strong>in</strong>g<br />
consumer pumps <strong>of</strong> IOC at <strong>the</strong> nearest center for <strong>the</strong> 15th day <strong>of</strong><br />
month <strong>of</strong> <strong>the</strong> under consideration.<br />
P f = Percentage <strong>of</strong> fuel and lubricants component <strong>of</strong> <strong>the</strong> work.<br />
Note : For <strong>the</strong> application <strong>of</strong> this clause, <strong>the</strong> price <strong>of</strong> High Speed Diesel oil<br />
has chosen to represent fuel and lubricants group.<br />
Adjustment for Plant and Mach<strong>in</strong>ery Spares component<br />
(vi)<br />
Price adjustment for <strong>in</strong>crease or decrease <strong>in</strong> <strong>the</strong> cost <strong>of</strong> Plant and Mach<strong>in</strong>ery<br />
spares Component shall be paid <strong>in</strong> accordance with <strong>the</strong> follow<strong>in</strong>g formula:<br />
V p = 0.85 X P p /100 x R X (P 1 -P 0 )/P 0<br />
V p = <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 Plant and Mach<strong>in</strong>ery spares<br />
P 0 = <strong>the</strong> all India wholesale price <strong>in</strong>dex for heavy mach<strong>in</strong>ery and parts on<br />
28 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 <strong>the</strong><br />
M<strong>in</strong>istry <strong>of</strong> Industrial Development, Government <strong>of</strong> India, New Delhi<br />
P 1 = <strong>the</strong> all India average wholesale price <strong>in</strong>dex for heavy mach<strong>in</strong>ery and<br />
parts for <strong>the</strong> month under consideration as published by <strong>the</strong> M<strong>in</strong>istry<br />
<strong>of</strong> Industrial Development, Government <strong>of</strong> India, New Delhi<br />
P p = Percentage <strong>of</strong> Plant and Mach<strong>in</strong>ery spares component <strong>of</strong> <strong>the</strong> work.<br />
[Cl.49]<br />
Note : For <strong>the</strong> application <strong>of</strong> this clause, <strong>in</strong>dex <strong>of</strong> heavy mach<strong>in</strong>ery and parts<br />
has been chosen to represent <strong>the</strong> plant and mach<strong>in</strong>ery spares group.
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