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PROJECT BUDGET




Price Adjustment on Civil works

(Ref. SCC - Cl.no. 4.3)

A. Calculation of Escalation on On-shore - Civil Works - Contract no.2

   No         Component         Base Index      Current Index                  Weightage                  Formula         Factor                      Remarks

   A      Non-Adjustable                                                   A                0.20                             0.20
                                                                                                                                    CPI for wages of Industrial Workers (base
   L      Labour                   133.00           148.00                 b                0.20         b x Ln/Lo            0.22 2001=100) as per price indices published by
                                                                                                                                   Indian labour Journal, Govt. of India.
                                                                                                                                    Wholesale Price Index (WPI) for Cement (base
   C      Cement                   219.80           225.18                 c                0.10         c x Cn/Co            0.10 1993-94=100) as published by Economic
                                                                                                                                   Advisor, Govt. of India.
                                                                                                                                    WPI for Iron & Steel (plain carbon) (base 1993-
   S      Iron & steel             276.70           287.83                 d                0.20         d x Sn/So            0.21 91=100) as published by Economic Advisor,
                                                                                                                                   Govt. of India.
                                                                                                                                    WPI for All Commodities (base 1993-94=100)
   M      All Commodities          215.10           227.08                 e                0.05         e x Mn/Mo            0.05 as published by Economic Advisor, Govt. of
                                                                                                                                   India.
   F      HSD                       32.02            32.29                 f                0.20          f x Fn/Fo           0.20 Official price of diesel @ Bandipore by IOC
                                                                                                                                    WPI for Machinery & Machine tools (base 1993-
          Machinery &
   M                               167.70           172.30                 g                0.05         g x En/Eo            0.05 94=100) as published by Economic Advisor,
          Machine tools
                                                                                                                                   Govt. of India.
A + b x Ln/Lo + c x Cn/Co + d x Sn/So + e x Mn/Mo + f x Fn/Fo                               1.00             Sub total=      1.039
                                       Escalation %age                                                =Sub-Total - 100%     3.89%

Escalation Indices
                                                                                Indices                                             Remarks
   Sl        Month/ Week                                                                   All         Machinery &
                                   Labour           Cement           Iron & steel                                         HSD
                                                                                        Commodities    Machine tools
   1            3/7/2009                                  223.50               286.80        226.70             172.40
   2            3/14/2009                                 225.20               288.90        227.00             172.10
   3            3/21/2009                                 226.00               287.80        227.30             172.20
   4            3/28/2009                                 226.00               287.80        227.30             172.50

        Current index -            148.00           225.18               287.83            227.08          172.30         32.29

                                  Jan-09

				
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