DETAILS OF PRICE ESCALATION FOR PERIOD OCT 2014 TO DEC 2014

ESCALATION
% FOR WHOLE SALE
WHOLE SALE CERTIFIED VALUE WITH Escalation
Sl. DESCRIPTION PRICE PRICE FORMULA
INDEX (BASE)
PRICE BILL VALUE PROVISIONAL % of Variation eligible for
No OF ITEM ADJUST INDEX(CURRENT) FOR WORKING
Rs. INDEX (CLAIMED) payment
MENT
Rs.

1 CEMENT (Vc) 2.72 163.30 171.07 0.85*Pc/100*R*(Ci-Co)/Co 47652547 52421 4.76 52421

2 STEEL (Vs) 6.08 170.10 170.57 0.85*Ps/100*R*(Si-So)/So 47652547 6805 0.28

MS Spiral welded pipes

3 62.92 151.47 148.23 0.85*Psp/100*R*(SS1-SS0)/SS0 47652547 -545145 -2.14
( Vsp )

4 DI PIPE & CI PIPE ( VIP ) 4.79 149.40 143.23 0.85*Pb/100*R*(Bi-Bo)/Bo 82137951 -80126 -4.13 -80126

5 LABOUR (Vl) 11.02 249.33 264.33 0.85*Pl/100*R*(Li-Lo)/Lo 47652547 377706 6.02 377706
ELECTRICAL MACHININERY &
6 EQUIPMENTS ( V ) 6.43 138.53 138.67 0.85*PE/100*R*(Ei-Eo)/Eo 47652547 1637 0.10
E

7 6.04 181.93 181.20 0.85*Pp/100*R*(Mi-Mo)/Mo 47652547 -29157 -0.40

LOCAL MATERIALS ( Vm)

TOTAL VALUE 100.00 350000.75

Value of work arrived due to

the adoption of Price
1 Adjustment Clause as per 350001
Conditions of Contract
clause17 of Annexure.

1) Certified that the price adjustment is as per agreement clause 17 of annexture.

Certified that the price adjustment has been carried out as per the formula given by the clause 17 and whole sale price index published by
2)
the ministry of industrial development Govt of India and the retail price of HSD issued by IOC chennai.
 A B C D E
1

2
DETAILS OF PRICE ESCALATION FOR PERIOD OCTOBER 2014 TO
DECEMBER 2014
3 Value of work done certified during This Qtr of F.Y 2014-15 (@ Department
estimated rate)- R 47652547.00
4 Sl COMPONENT
5 1 CEMENT BASE INDEX
6 Apr-14 161.80
7 May-14 163.10
8 Jun-14 165.00
9 CO=Average 3 months 163.30
10 CURRENT INDEX
11 Oct-14 173.40
12 Nov-14 170.70
13 Dec-14 169.10
14 C1=Average 3 months 171.07
VC=0.85*Pc/100*R*(CI ROUND(0.85*2.72/100*E5*((E27-
15
VC -C0)/C0 E22)/E22),2) 52421.42
16 2 STEEL BASE INDEX
17 Apr-14 169.10
18 May-14 169.90
19 Jun-14 171.30
20 SO=Average 3 months 170.10
21 CURRENT INDEX
22 Oct-14 172.30
23 Nov-14 170.30
24 Dec-14 169.10
25 S1=Average 3 months 170.57
VS=0.85*PS*R*(SI- ROUND(0.85*6.08/100*E5*((E38-
26
VS S0)/S0 E33)/E33),2) 6804.59
MS Spiral
27
3 welded pipes BASE INDEX
28 Apr-14 151.80
29 May-14 151.90
30 Jun-14 150.70
31 SSO
=Average 3 months 151.47
32 CURRENT INDEX
33 Oct-14 149.50
34 Nov-14 147.60
35 Dec-14 147.60
36 SS1
=Average 3 months 148.23
 A B C D E

37 Vsp=0.85*Psp/100*
Vsp R*(SS1-SS0)SS0 Vsp=0.85*62.92/100*R*(ss1-ss0)/SS0 -545145.14
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38 DI PIPE & CI
4 PIPE BASE INDEX
39 Apr-14 147.50
40 May-14 149.40
41 Jun-14 151.30
42 IPO
=Average 3 months 149.40
43 CURRENT INDEX
44 Oct-14 146.70
45 Nov-14 143.90
46 Dec-14 139.10
47 =Average 3 months
IP1 143.23

48 VIP=0.85*Pip/100*R
VIP *(IP1-IP0)/IP0 VBo=0.85*4.79/100*R*(b1-bo)/bo -80126.31
49 5 LABOUR BASE INDEX
50 Apr-14 245.00
51 May-14 251.00
52 Jun-14 252.00
53 LO=Average 3 months 249.33
54 CURRENT INDEX
55 Oct-14 258.00
56 Nov-14 265.00
57 Dec-14 270.00
58 L1=Average 3 months 264.33

59 VL=0.85*P1/100*R*(LI- ROUND(0.85*15.5/100*E5*((E16-
VL L0)/L0 E11)/E11),2) 377705.64
 A B C D E
ELECTRICAL
60 MACHININERY &
6 EQUIPMENTS BASE INDEX
61 Apr-14 138.40
62 May-14 138.60
63 Jun-14 138.60
64 EO=Average 3 months 138.53
65 CURRENT INDEX
66 Oct-14 138.70
67 Nov-14 138.70
68 Dec-14 138.60
69 E1=Average 3 months 138.67

70 VE=0.85*PE/100*R*(
VE Ei-Eo)/Eo ROUND(0.85*4/100*E5*((E60-E55)/E55),2) 1637.38

71 LOCAL
7 MATERIALS BASE INDEX
72 Apr-14 180.80
73 May-14 182.00
74 Jun-14 183.00
75 MO=Average 3 months 181.93
76 CURRENT INDEX
77 Oct-14 183.70
78 Nov-14 181.20
79 Dec-14 178.70
80 M1=Average 3 months 181.20

81 VM=0.85*Pm/100*R* ROUND(0.85*17.94/100*E5*((E71-
Vm (Mi-Mo)/Mo E66)/E66),2) -29157.21