Tender document — White Topping of Selected Roads under GoK Grants, Package-2 (BBMP, Project Central-8)

Comprehensive Development of Selected Roads by Providing
White Topping Under GoK Grants Package - 2 Technical Bid
Tenderer Page 60 of 65 Executive Engineer,
PC-8, BBMP, Bengaluru
Note: For the application of this Clause index of Heavy Machinery and Parts has
been chosen to represent the Plant and Machinery Spares Group.
Adjustment for Other Materials:
vii. Price Adjustment for Increase or Decrease in the Cost of other Materials other than Cement,
Steel, Bitumen, Fuel and Lubricants procured by the Contractor shall be paid in accordance
with the following Formula.
VM = 0.85 X PM / 100 X R X (Mi – Mo) / Mo
Where
VM = Increase or Decrease in the Cost of Work during the Quarter under consideration due
to Changes in the Rates for Local Materials other than Cement, Steel, Bitumen, Fuel
and Lubricants.
Mo = The All India Average Wholesale Price Index for all Commodities for the Quarter
preceding the Date of Opening of Bids as published by the Office of the Economic
Advisor, Ministry of Commerce and Industry, Government of India, New Delhi
Mi = The All India Average Wholesale Price Index for all Commodities for the Quarter
under consideration as published by the Office of the Economic Advisor, Ministry of
Commerce and Industry, Government of India, New Delhi
PM = Percentage of other Material Component (Other than Cement, Steel, Bitumen, Fuel
and Lubricants) of the Work.
The following Percentages will govern the Price Adjustment for the entire Contract:
1. Labour – PL – 20.00
2. Cement – PC – 11.50
3. Steel – PS – 6.30
4. Bitumen – PB – 2.30
5. Fuel and Lubricants – PF – 5.00
6. Plant and Machinery Spares – PP 13.40
7. Other materials – PM – 41.50
TOTAL 100.0 %
41. The Liquidated Damages for the whole of the Works are 0.1% of the Final Contract Price
per day.
41. The Maximum Amount of Liquidated Damages for the whole of the Works: 10% of Final
Contract Price.