B-1 AGREEMENT System Generated e-Tender No ... - e-Tendering

(B) FORMULA FOR MATERIALS COMPONENT :
88 Dy. Executive Engineer
Where,
V 2 = 0.85 P X K 2 x M 1 - M 0
100 M 0
V 2 = Amount of price variation in Rupees to be allowed for Materials component.
P = Same as worked out for Labour component.
K 2 = Percentage of Materials Component as indicated above.
M 0 = Basic wholesale Price Index shall be average wholesale price index for the quarter
preceding the month in which the last date prescribed for receipt of tender falls.
M 1 = Average wholesale Price Index during the quarter under consideration.
(C) FORMULA FOR PETROL, OIL AND LUBRICANT COMPONENT :
Where,
V 3 = 0.85 P X K 3 x P 1 - P 0
100 P 0
V 3 = Amount of price variation in Rupees to be allowed for POL component.
P = Same as worked out for Labour component.
K 3 = Percentage of Petrol, Oil & Lubricant Component.
P 0 = Average price of H.S.D. at Mumbai during the quarter preceding the month in which
the last date prescribed for receipt of tender falls.
P 1 = Average price of H.S.D. at Mumbai during the quarter under consideration.
(D) FORMULA FOR BITUMEN COMPONENT :
Where,
V 4 = QB (B 1 - B 0 )
V 4 = Amount of price variation in Rupees to be allowed for Bitumen component.
QB = Quantity of bitumen (Grade 30/40 & 60/70) in metric tones used in the permanent
works and approved enabling works during the qurter under consideration.
B 1 = Current, average ex-refinery price per metric tonne of Bitumen (Grade 30/40 &
Grade 60/40) under consideration including taxes (octroi, excise, sales tax) during the
quarter under consideration.
B 0 = Basic rate of Bitumen in rupees per metric tonne as considered for working out value
of P. or average ex-refinery price in rupees per metric tonne including taxes (octroi,
excise sales tax) of bitumen for the grade of bitumen under consideration prevailing
quarter preceding the month in which the last date prescribe for receipt of tender,
falls, whichever is higher.
(E) FORMULA FOR T.M.T. STEEL COMPONENT :
Where,
V 5 = S 0 (Sl 1 - Sl 0 )
---------------- x T
Sl 0
V 5 = Amount of price variation in Rupees to be allowed for T.M.T. Steel component.
S 0 = Basic rate of T.M.T. Steel in rupees per metric tonne as considered for working out
value of P.
Sl 1 = Average Steel Index as per RBI Bulletin during the quarter under consideration.
Sl 0 = Average of Steel Index as per RBI Bulletin for the quarter preceding the month in
which the last date prescribed for receipt of tender falls.
T = Tonnage of steel used in the permanent works for the quarter under consideration.
Signature of Contractor No. Of Corrections Executive Engineer