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CIVIL WORK - Government of Himachal Pradesh

CIVIL WORK - Government of Himachal Pradesh

CIVIL WORK - Government of Himachal Pradesh

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Adjustment for cement component DeletedAdjustment for steel component DeletedAdjustment <strong>of</strong> Bitumen componentPrice adjustment for increase or decrease in the cost <strong>of</strong> bitumen shall be paid in accordance withthe following formula:V b=V b=B o=B i=P b=0.85 x P b/100 x R x (B i- B o)/B oIncrease or decrease in the cost <strong>of</strong> work during the quarter under considerationdue to changes in the rate for bitumen.The average <strong>of</strong>ficial retail price <strong>of</strong> bitumen at the IOC depot at Panipat on theday 30 days prior to date <strong>of</strong> opening <strong>of</strong> Bids.The average <strong>of</strong>ficial retail price <strong>of</strong> bitumen at IOC depot at Panipat for the 15thday <strong>of</strong> the middle calendar month <strong>of</strong> the quarter under consideration.Percentage <strong>of</strong> bitumen component <strong>of</strong> the work.Adjustment <strong>of</strong> POL (fuel and lubricant) component DeletedAdjustment for Plant and Machinery Spares component DeletedAdjustment <strong>of</strong> Local materialsDeletedThe following percentages will govern the price adjustment for the entire contract:1. Bitumen-P b 25%The proportion <strong>of</strong> payments retained (retention money) shall be 6% from each billSubject to a maximum <strong>of</strong> 5% <strong>of</strong> final contract price [48]The liquidated damages for the whole <strong>of</strong> the works are“Rupees. 23160.00 per day” and that for the milestones are as under: [49]For milestone 1For milestone 2For milestone 3For milestone 4Rs 5640.00 per dayRs.16825.00 per dayRs.428.00 per dayRs.267.00 per dayThe maximum amount <strong>of</strong> liquidated damages for the whole <strong>of</strong> the works [49]is ten percent <strong>of</strong> final contract price rounded <strong>of</strong>f to the nearest thousand.Contractor EE 66

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