Cl 23.2 Details § Financial Close to be achieved within 150 days with an extension of 120 days @ 0.05% penalty on PS and additional extension of 95 days @ 0.1% penalty on PS
§ Other Concession time period is 180 days with an extension of
120 days @ 0.1% penalty in PS § Bid Project Cost will be the Project TPC as on Bid Date § Project TPC at Appointed Date will be revised from the amount at Bid Date by the variation in Price Index from Reference Index Date immediately preceding the Bid Date and Appointed Date
§ Reference Index Date is the last date of notification of Price
Index preceding the event § For every month subsequent to Appointed Date and at the invoice date the Bid Project cost will be revised to the extent of the variation in Price Index from Reference Index Date immediately preceding the Bid Date and Invoice Date