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BID DOCUMENTS - Rajasthan Agriculture Marketing Board

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(F)SteelP c (L st – L so )V s = 0.75 x --------- x R ------------V s =R =100 L soIncrease or decrease in the cost of work during the quarter under considerationdue to change in the rates of steel.The value of the work done in rupees during the quarter under considerationexcluding the cost of steel supplied by the department and excluding other itemsas mentioned in this clause.L so = The average wholesale price index for the quarter in which tenders were opened /negotiated (as published by the Economic Adviser to Government of India,Ministry of Industries).L st =The average wholesale price index for the quarter under consideration (aspublished by the Economic Adviser to Government of India, Ministry ofIndustries).Clause 45 A : Price variation in installation of elevators, supply/installation ofCentrally Air Conditioning and Central Evaporating Cooling Works.In all cases of contracts for installation of elevators, supply/installation of Central AirConditioning and Central Evaporating Cooling Works, the price quoted shall be based onthe Indian Electrical and Electronics Manufactures Association (IEEMA) price variationclause based on the cost of raw materials/components and labour cost as on the date ofquotation/tender, and the same is deemed to be related to wholesale price index numberof metal products and All India Average consumer price index number of industrialworkers as specified below. In case of any variation in these index numbers, the pricesshall be subject to adjustment up or down in accordance with following formula.P 0 Mp W 0(D) W 0 (I)P = ------- ( 15 + 55 ---------- + 15 ------------ + 15 ----------)Where :P =P 0 =100 MP 0 W 0 W 0Price payable as adjusted in accordance with the above price variation formula.Price quoted / confirmedMP 0 = Wholesale Price Index Number for metal products as published as published bythe office of the Economic Adviser, Ministry of Industry, Government of India, intheir weekly bulletin, Revised Index Number of Wholesale Price (Base : 1981 –82 = 100) for the week ending first Saturday of the relevant calendar month. Therelevant month shall be that in which price was offered or negotiated whichever islater.W 0 = All India Average Consumer Price Index Number for Industrial worker (Base :1982 = 100), as published by Labour Bureau, Ministry of Labour, Government ofIndia, for relevant calendar month. The relevant month shall be that in which pricewas offered or negotiated whichever is later.Signature of ContractorExecutive Engineer

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