b-1 tender form - Maharashtra Industrial Development Corporation
b-1 tender form - Maharashtra Industrial Development Corporation
b-1 tender form - Maharashtra Industrial Development Corporation
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47<br />
MAHARASHTRA INDUSTRIAL DEVELOPMENT CORPORATION<br />
( A Government of <strong>Maharashtra</strong> Undertaking )<br />
Price Variation Clause<br />
Accompaniment to the Government Resolution Public Works Department<br />
No. Cat/06/04/148 Dt.16.5.2005<br />
1. If during the operative period of the contract as defined in condition (i) below,<br />
there shall be any variation in the Consumer Price Index (New Series) for <strong>Industrial</strong><br />
workers for MUMBAI centre as per the Labour Gazette published by the<br />
Commissioner of Labour,Govt.of <strong>Maharashtra</strong> &/or in the Wholesale Price Index for<br />
all commodities prepared by the Office of Economic Adviser, Ministry of Industry,<br />
Govt. of India, or in the price of petrol/oil & lubricants & major construction<br />
materials like bitumen, cement, steel, various types of metal pipes etc, then subject to<br />
the other conditions mentioned below, price adjustment on account of<br />
i) Labour component<br />
ii) Material component<br />
iii) Petrol, oil & lubricant components<br />
iv) Bitumen component<br />
v) HYSD & mild steel component<br />
vi) Cement component<br />
vii) CI & DI pipes component<br />
Calculated as per the <strong>form</strong>ula hereinafter appearing, shall be made.<br />
Apart from these, no other adjustment shall be made to the contract price for any<br />
reason whatsoever. Component percentages as given below are as of the total cost of<br />
work put to <strong>tender</strong>. Total of labour, material & POL components shall be 100 & other<br />
components shall be as per actual.<br />
i) Labour component – K1 20%<br />
ii) Material component - K2 77%<br />
iii) Petrol, Oil & Lubricant components (K3) 3 %<br />
iv) Bitumen component Actual.<br />
v) HYSD & mild steel component Actual.<br />
vi) Cement component Actual.<br />
vii) CI & DI pipes component Actual.<br />
Note: if cement, steel, bitumen, CI & DI pipes are supplied on Schedule-A, then<br />
respective component shall not be considered. Also, if particular component is not<br />
relevant, same shall be deleted.<br />
Contractor.<br />
Executive Engineer(E&M).