Rajasthan State Road Development & Construction Corporation Ltd.

16 14 Site investigation report Available in DPR17 21 The Site Possession Dates50% length of work site On start date75% length of work site After 25% completionperiod99% length of work site After 50% completionperiod18 24.1 Competent authority Dy General Manager,RSRDCwith powers up to 0.5% ofinitial contract price.19 27.1 The period for submission of the programme for approvalof Engineer21 days from the issue ofLetter of Acceptance.20 27.2 The period between programme updates 60 days21 27.3 The amount to be withheld for late submission of an Rs. 1 lac.updated programme22 44 The following events shall also be Compensation Events23 The currency of the Contract Indian National Rupee24 47 The formula (e) for adjustment of prices are:R = Value of work as defined in Clause 47.1 ofConditions of Contracta Adjustment for cement componentPrice adjustment for increase or decrease in thecost of cement procured by the contractor shall bepaid in accordance with the following formula:bV c = 0.85 x P c /100 x R x (C i - C o )/C oV c = increase or decrease in the cost of work duringthe month under consideration due to changes inrates for cement.C o = The all India wholesale price index for cementon 28 days preceding the date of opening of Bidsas published by the Ministry of IndustrialDevelopment, Government of India, New Delhi.C i = The all India average wholesale price index forcement for the month under consideration aspublished by Ministry of IndustrialDevelopment, Government of India, New DelhiP c = Percentage of cement component of the workAdjustment for steel componentPrice adjustment for increase or decrease in thecost of steel procured by the Contractor shall bepaid in accordance with the following formula:V s = 0.85 x P s /100 x R x (S i - S o )/S oV s = Increase or decrease in the cost of work duringthe month under consideration due to changes inthe rates for steelS o = The all India wholesale price index for steel(Bars and Rods) on 28 days preceding the dateBid document for 4-laning of Merta-Lambiya-Beawar Road km 83/0 to 98/0 of SH-39Page 42 of 86