z IEEMA(PVCVCW-ER/2005 Effective from: 1* April 2005 Price variation clause for ‘Civil Works and Erection’ associated with the Electrical Contract for Transmission and Distribution Projects ‘The prices quoted/confirmed is based on the input cost of raw materials/components and labour cost as on the date of quotation and the same is deemed to be related to wholesale price index numbers for related ‘commodities and all India average consumer price index number for industrial workers as specified in the price variation clauses given below. In case of any variation in these index numbers, the price payable shall be subject to adjustment, up or down in accordance with the following formulae: 1. Price variation formula for ‘Conereting’ Po HSD c sc w 20 + 20 + 30 + 20 +10 — 100 HSD» Co SC Wo 2. Price variation formula for ‘Reinforced and oth Po Is Hsp w P= 20+ 65 +10 + 05 100 1Sp HSDp We 3. Price variation formula for ‘Erecti i i concreting) Po HSD w Pe 20+ 22 + 8 100 HSD, Wo Wherein, P = Price payable as adjusted in accordance with the above formula Po = Price quoted/confirmed HSD, = Wholesale price index number for 'High Speed Diesel Oi (Base: 1993-94=100) (refer notes) This index number is as applicable for the week ending 1* Saturday of the month, one month prior to the date of tendering Cy = Wholesale price index number for ‘Cement’ (Base: 1993-94=100) (refer notes) This index number is as applicable for the week ending 1" Saturday of the month, one month prior to the date of tendering. SC. = Wholesale price index number for ‘Structural Clay products’ (Base: 1993-94=100)(refer notes) This index number is as applicable for the week ending 1* Saturday of the month, one month prior to the date of tendering. IS, = Wholesale price index number for ‘ron & Steel (Base: 1993-94=100)' (refer notes) This index number is as applicable for the week ending 1* Saturday of the month, one month prior to the date of tendering. IEEMA/PVC/CW-ER/2005/1/2 wna org / wt elecrama com Indian Electrical & Electronics Manufacturers’ Association ‘As 180 9001 OrganisationIEEMA(PVC)/CW-ER/2005 Effective from: 1° April 2005 Wo = All India average consumer price index number for industrial workers, as published by the Labour Bureau, Ministry of Labour, Govt. of India (Base 1982 = 100) ‘This index number is as applicable on the first working day of the month, one month prior to the date of tendering. For example, if date of tendering falls in May 2008, the applicable Wholesale price indices (SDs, Co, SCo and IS) should be for the week ending first Saturday of April 2005 and all India average consumer price index number (Wo) should be for the month of April 2005. The above prices and indices are as published by IEMA vide circular reference IEMA (PVC)/CW-ER /_/_ prevailing as on first working day of the month of tendering. HSD = Wholesale price index number for ‘High Speed Diesel Oil’ (Base: 1993-94=100) (refer notes) This index number is as applicable for the week ending 1 Saturday of the month, one month prior to the date of joint inspection and completion certificate. = Wholesale price index number for ‘Cement’ (Base: 1993-94=100) (refer notes) This index number is as applicable for the week ending 1 Saturday of the month, one month prior to the date of joint inspection and completion certificate. SC_= Wholesale price index number for ‘Structural Clay products’ (Base: 1993-94=100)(refer notes) ‘This index number is 2s applicable for the week ending 1* Saturday of the month, one month prior to the date of joint inspection and completion certificate. IS = Wholesale price index number for ‘ron & Steel (Base: 1993-94=100)' (refer notes) ‘This index number is as applicable for the week ending 1° Saturday of the month, one month prior to the date of joint inspection and completion certificate. W = All India average consumer price index number for industrial workers, as published by the Labour Bureau, Ministry of Labour, Govt. of India (Base 1982 = 100) ‘This index number is as applicable on the first working day of the month, one month prior to the date Cf joint inspection and completion certificate For example, if date of joint inspection and completion certificate falls in December 2005, the applicable ‘Wholesale price indices (HSD,C, SC and IS) should be for the week ending first Saturday of November 2005 and all India average consumer price index number (W) should be for the month of November 2005. Date of completion of work is the date notified by the contractor for carrying out joint inspection of the work completed or contracted completion date; whichever is earlier. Notes: The wholesale price index numbers for ‘High speed diesel oi, ‘Cement, ‘Structural clay products’ and ‘Iron & Steel’ are as published by the Office of Economic Advisor, Ministry of Industry, Govt. of India, New Delhi with base 1993-94=100. This wholesale price index numbers are being published weekly ‘on provisional basis. The same gets finalized after eight weeks and is available after two months. wil [ats Authorized Signatory IEEMAPYCIOW.ERA00SR2