Tender Document - irpmu.railnet.gov.in

5. The adjustment for variation in prices if required shall be made once every quarter
in the on account payments. If more than one on-account payment is made to
the contractor in a quarter the adjustment, if required, shall be made in each bill.
6. Price variation during extended period of contract:
The price adjustment as worked out above i.e. either in crease or decrease will
be applicable up to the stipulated date of completion of the work including the
extended period of completion where such extension has been granted under
Clause 17(1), 17(2) & 17(3) of the General Conditions of Contract. However,
where extensions of time has been granted due to contractor's failure under
Clause 17(4) of the General Conditions of Contract. Price adjustment will be
done as follows:-
(a) In case the indices increase above the indices applicable to the last month
or original completion period or the extended period under Clause 17(1),
17(2) or 17(3) the price adjustment of the period of extension granted
under Clause 17(4) will be limited to the amount payable as per the
indices applicable to the last month of the original completion period of the
extended period under Clause 17(1), 17(2) or 17(3) of General Conditions
of Contract, as the case may be.
(b)
In case the indices fall below the indices applicable to the last month of the
original/extended period of completion under Clause 17(1), 17(2) or 17(3),
as the case may be then the lower indices will be adopted for price
adjustment for the period of extension under Clause 17 (4) of the
General Conditions of Con tract.
7. Applicability and ceiling limit for Price Variation shall be as follows:
(a)
Price Variation Clause (PVC) shall be applicable for tenders of value more
than Rs 50 Lakh irrespective of the contract completion period and PVC
shall not be applicable to tenders of value less than Rs 50 lakh.
NOTE:
(1) Materials supplied free by the Railway to the contractors will not form part
of the value of the contract entered into and will fall outside the purview of
the price variation clause.
(2) Duration of the contract shall be prescribed in the tender documents at the
time of inviting tenders and will not include the extended period due to
extension, if any, given".
33.0 MACHINERY AND PLANT:
33.1 The contractor will be entirely responsible to arrange all necessary machinery, i.e
rig machine, concrete mixers, vibrators, compressors, pumps, pneumatic
equipment’s, dredges, derricks, cranes, service girders, staging, motor-vehicle,
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