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92Dy.Ex. Engr.consideration for prevailing quarter preceding the month in which the lastdate prescribed for receipt of tender, falls which is higher.(5) Formula for TMT/ HYSD and Mild Steel ComponentV 5 = { S 0 ( SI 1 - SI 0 ) } x T where,SI 0V 5 = Amount of price variation in Rupees to be allowed for TMT/ HYSD/ MildSteel component.S 0 = Basic rate of TMT/ HYSD/ Mild Steel in rupees per metric tonne asconsidered for working out value of P.SI 1 = Average Steel Index as per RBI Bulletin during the quarter underconsideration..SI 0 = Average Steel index as per RBI Bulletin during the quarter preceding themonth in which the last date prescribed for receipt of tender, falls.T = Tonnage of Steel used in the permanent works for the quarter underconsideration.(6) Formula for Cement ComponentV 6 = { C 0 ( CI 1 - CI 0 ) } x T where,CI 0V 6 = Amount of price escalation in Rupees to be allowed for Cementcomponent.C 0 = Basic rate of Cement in rupees per metric tonne as considered forworking out value of P..CI 1 = Average Cement Index published in RBI Bulletin for the quarter underconsideration..CI 0 = Average Cement index published in RBI Bulletin for the quarterpreceding the month in which the last date prescribed for receipt oftender, falls.T = Tonnage of Cement used in the permanent works for the quarterunder Consideration.(7) Formula for C.I. / D.I. Pipe ComponentV 7 = Q 0 x ( D 1 - D 0 )where,V 7 = Amount of price escalation in Rupees to be allowed for C.I./D.I. Pipecomponent.D 0 = Pig iron basic price in rupees per metric tonne as considered for workingout value of P.D 1 = Average Pig Iron price in rupees per tonne during the quarter underconsideration ( Published by HSCO) .Q 0 = Tonnage of C.I./D.I. Pipes used in the permanent works for the quarterunder Consideration..Signature of Contractor No. of corrections Executive Engineer