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Name of Work Na - e-Tendering

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Price<br />

Variation<br />

Clause 54 : If during the operative period <strong>of</strong> the contract as defined in condition (i)<br />

below, there shall be any variation in the consumer price index (New series) for<br />

industrial <strong>Work</strong>ers for <strong>Na</strong>gpur Centre as per the Labour Gazette published by the<br />

Commissioner <strong>of</strong> Labour, Government <strong>of</strong> Maharashtra and or in the Wholesale<br />

Price index for all commodities, prepared by the <strong>of</strong>fice <strong>of</strong> Economic Advisor,<br />

Ministry <strong>of</strong> Industry, Government <strong>of</strong> India or in the price <strong>of</strong> petrol / Oil and<br />

Lubricants, and major construction material like bitumen, cement, steel, various<br />

type <strong>of</strong> metal pipes, etc. then subject to the other conditions mentioned below,<br />

price adjustment on account <strong>of</strong><br />

(i) Labour component,<br />

(ii) Material component,<br />

(iii) Petrol Oil and Lubricants components<br />

(iv) Bitumen component<br />

(v) HYSD & Mild /T.M.T /Structural Steel/ Rebars component<br />

(vi) Cement component<br />

Calculated as per formula hereinafter appearing shall be made. Apart from these,<br />

no other adjustment shall be made to the contract price for any reasons<br />

whatsoever. Component percentage as given below are as <strong>of</strong> the total cost <strong>of</strong><br />

work put to tender. Total <strong>of</strong> Labour, Material & POL components shall be 100 and<br />

other components shall be as per actual.<br />

Sr Component<br />

Percentage for Civil <strong>Work</strong><br />

No<br />

1) Labour Component - K 1 %<br />

2) Material Component - K2 %<br />

3) POL Component - K 3 %<br />

Total 100.00%<br />

4) Bitumen Component Actual<br />

5) HYSD & Mild /T.M.T<br />

Actual<br />

/Structural Steel component<br />

5) Cement Component Actual<br />

Contractor No <strong>of</strong> Correction Deputy Engineer 45

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