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CIVIL WORK - Government of Himachal Pradesh

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(j)(k)(l)The effect on the Contractor <strong>of</strong> any <strong>of</strong> the Employer’s Risks.The Engineer unreasonably delays issuing a Certificate <strong>of</strong> Completion.Other Compensation Events listed in the Contract Data or mentioned in the Contract.44.2 If a Compensation Event would cause additional cost or would prevent the work being completedbefore the Intended Completion Date, the Contract Price shall be increased and/or the IntendedCompletion Date is extended. The Engineer shall decide whether and by how much the ContractPrice shall be increased and whether and by how much the Intended Completion Date shall beextended.44.3 As soon as information demonstrating the effect <strong>of</strong> each Compensation Event upon theContractor's forecast cost has been provided by the Contractor, it is to be assessed by the Engineerand the Contract Price shall be adjusted accordingly. If the Contractor's forecast is deemedunreasonable, the Engineer shall adjust the Contract Price based on Engineer’s own forecast. TheEngineer will assume that the Contractor will react competently and promptly to the event.44.4 The Contractor shall not be entitled to compensation to the extent that the Employer's interests areadversely affected by the Contractor not having given early warning or not having cooperated withthe Engineer.45. Tax45.1 The rates quoted by the Contractor shall be deemed to be inclusive <strong>of</strong> the sales and other taxes thatthe Contractor will have to pay for the performance <strong>of</strong> this Contract. The Employer will performsuch duties in regard to the deduction <strong>of</strong> such taxes at source as per applicable law.46. Currencies46.1 All payments shall be made in Indian Rupees.47. Price Adjustment47.1 Contract price shall be adjusted for increase or decrease in rates and price <strong>of</strong> labour, materials,fuels and lubricants in accordance with the following principles and procedures and as per formulagiven in the contract data:(a)(b)(c)The price adjustment shall apply for the work done from the start date given in thecontract data upto end <strong>of</strong> the initial intended completion date or extensions granted by theEngineer and shall not apply to the work carried out beyond the stipulated time forreasons attributable to the contractor.The price adjustment shall be determined during each quarter from the formula given inthe contract data.Following expressions and meanings are assigned to the work done during each quarter:R = Total value <strong>of</strong> work done during the quarter. It would include the amount <strong>of</strong> securedadvance for materials paid for (if any) during the quarter, less the amount <strong>of</strong> the securedadvance recovered, during the quarter. It will exclude value for works executed undervariations for which price adjustment will be worked separately based on the termsmutually agreed.Contractor EE 50

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