Monthly Wholesale Price Index

Base Year 2004-05 = 100

Name of Commodity : Grey Cement

Type : Individual Commodity

Weight : 1.26347

Month/
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Year
2016 173.3 172.1 175.6 175.3 173 174.9 175.9 176.8 176.90
2015 171.70 174.20 178.30 175.50 172.20 173.70 169.90 171.30 174.30 172.80 176.40 173.30
2014 163.80 164.40 164.90 165.20 164.10 162.30 161.80 165.40 167.30 168.10 168.10 168.10
2. Figures for the latest two months are provisional. Latest two months are to be reckoned with reference to the latest
monthly press release issued.

Monthly Wholesale Price Index

Base Year 2004-05 = 100
Name of Commodity : Rebars
Type : Individual Commodity
Weight : 0.73617

Month/
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Year
2016 149.30 149.40 152.50 153.90 154.10 151.40 148.60 145.20 146.90
2015 168.50 166.80 164.20 163.40 162.00 160.30 158.50 155.20 156.00 154.00 150.20 148.00
2014 170.1 171.2 170.7 167.5 169.9 170.3 170.6 171.9 171.3 172.1 172.1 172.1
2. Figures for the latest two months are provisional. Latest two months are to be reckoned with reference to the latest
monthly press release issued.

Monthly Wholesale Price Index

Base Year 2004-05 = 100
Name of Commodity : ALL COMMODITIES
Type : Group Item
Weight : 100

Month/
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Year
2016 175.4 174.1 175.3 177.8 180.2 182.9 183.9 183.1 182.8
2015 177.3 175.6 176.1 176.4 178 179.1 177.6 176.5 176.5 176.9 177.50 177.40
2014 179.1 178.9 179.8 180.2 181.7 182.6 184.6 185.7 185 183.9 183.9 183.9
2. Figures for the latest two months are provisional. Latest two months are to be reckoned with reference to the latest
monthly press release issued.
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Labour
Month/
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Year
2016 249.0 248.0 245.0 249.0 257.0 258.0 253.0 250.0
2015 237.0 237.0 236.0 237.0 241.0 244.0 243.0 245.0 243.0 247.0 250.0 251.0
2014 222 222 219 222 231 232 238 235 236 236 236 236
 HIGHWAYS
Section Sub Division Division
Kodumudi Kodumudi Erode

ESCALATION CALCULATION STATEMENT

Main Name of Work :Construction of Bridge across Noyyal River connecting

Avudaiyarparai in Erode District and Noyyal in Karur District

Estimate Amount : Rs.660.00 Lakhs

CR. No : /14-15 Date : 02-09-2014
Contract value : Rs.5,92,63,252/-
Agreement CR. No : 35/14-15 Date : 30-01-2015
Contract value : Rs.6,15,66,964/-

M/s Kousic & Co, Contractor, A24, Housing

Name of Contractor :
unit, Kollampalayam, Erode - 638002

Date of Tender : 15-10-2014

Date of work order : 28-01-2015
Date of commencement of
: 30-01-2015
work
Agreement Period : 18 months
Date of completion as per
: 29-07-2016
agreement
Base date : 15-10-2014
Base date: Last date of submission of bid up to the end of agreement period
provided, if agreement is signed with in the minimum specified time, failing
which, the price variation will be applicable from the date of agreement or date
of commencement of work which ever is later only.

Escalation for the period : 1st to 7th Quarter

Total Value of work done : Rs.4,69,04,461.69

Escalation Amount -1,34,408.71

Main Name of Work :Construction of Bridge across Noyyal River connecting Avudaiyarparai in Erode
District and Noyyal in Karur District

Date of Tender (Base date) 15-10-2014

Fluctuation
Base Indices 1 Quarter (01-15 ,
Components Oct-14 in price
as on 02-15 & 03-15)
index
Grey Cement Cw1 168.10 Cw2 174.73 3.94%
Rebars Sw1 172.10 Sw2 166.50 -3.25%
ALL COMMODITIES Iw1 183.90 Iw2 176.33 -4.12%
Labour Lc1 236.00 Lc2 236.67 0.28%
Diesel Dw1 62.08 Dw2 52.19 -15.93%
Emulsion SS1 Bw1e1 57,386.37 Bw2e1 50,735.32 -11.59%
Emulsion RS1 Bw1e2 38,045.10 Bw2e2 33,160.61 -12.84%
Bitumen 60/70 Bw1b1 43,121.86 Bw2b1 35,112.03 -18.57%
Bitumen 80/100 Bw1b2 42,305.86 Bw2b2 34,296.03 -18.93%

During the 1 Quarter (01-15 , 02-15 & 03-15) Factors

Total Value of Work done (P0) 9,380.00 Description Factor
Quantity of Cement utilised 0.00 Bags Materials - K1 0.210
Quantity of Steel utilised 0.000 MT Labour - K6 0.230
Quantity of Bitumen 60/70 grade utilised 0.000 MT POL - K5 0.050
Quantity of Bitumen 80/100 grade utilised 0.000 MT
Quantity of Emulsion SS1 utilised 0.000 MT
Quantity of Emulsion RS1 utilised 0.000 MT
02-09-2014
Components Estimate rate
Cement 280.00 /Bag 280.00
Steel 48000.00 /MT ####
Emulsion SS1 60139.00 /MT
Emulsion RS1 38153.00 /MT
Bitumen 60/70 42213.00 /MT
Bitumen 80/100 41413.00 /MT
Fuel 62.68

I. Materials :(Other than Cement, Steel and Bitumen)

V1 = 0.85 * 0.21 *9380 * (176.33-183.9)/183.9 = -68.92

II. Adjustment in the cost of CEMENT
V2 = 0.85 * K2 * Po * (Cw2-Cw1)/Cw1
((Quantity of Cement utilised during the quarter * Estimate rate) / Total
K2 =
Value of Work done during the quarter (P0))
K2 = ((0*280)/9380) = 0
V2 = 0.85 * 0 *9380 * (174.73-168.1)/168.1 = 0 or
Variation more than + or - 3%. Hence, price variation
Fluctuation in price index = 3.94%
apply
Hence the value V2 = 0.00
III. Adjustment in the cost of STEEL
V3 = 0.85 * K3 * Po * (Sw2-Sw1)/Sw1
((Quantity of Steel utilised during the quarter * Estimate rate) / Total
K3 =
Value of Work done during the quarter (P0))
K3 = (0x48000)/9380) = 0
V3 = 0.85 * 0*9380 * (166.5-172.1)/172.1 = 0 or
Variation more than + or - 3%. Hence, price variation
Fluctuation in price index = -3.25%
apply
Hence the value V3 = 0.00
IV.a. Bitumen 60/70 Bitumen and POL may be considered on "pass through" basis with payment of actual

grade rates.Fluctuation in price not considered

V4b1 = 0.85 * K4 * Po * (Bw2b1-Bw1b1)/Bw1b1

((Quantity of Bitumen utilised during the quarter * Estimate rate) / Total

K4b1 =
Value of Work done during the quarter (P0))

K4b1 = (0x42213)/9380) = 0

V4b1 = 0.85 * 0*9380 * (35112.03-43121.86)/43121.86 = 00

Hence the value V4b = 0.00

IV.b. Bitumen 80/100 Bitumen and POL may be considered on "pass through" basis with payment of actual

grade rates.Fluctuation in price not considered

V4b2 = 0.85 * K4 * Po * (Bw2b2-Bw1b2)/Bw1b2

((Quantity of Bitumen utilised during the quarter * Estimate rate) / Total

K4b2 =
Value of Work done during the quarter (P0))

K4b2 = (0x41413)/9380) = 0
V4b2 = 0.85 * 0*9380 * (34296.03-42305.86)/42305.86 = 0
Hence the value V4b = 0.00
 Bitumen and POL may be considered on "pass through" basis with payment of actual
IV.c.Emulsion SS1
rates.Fluctuation in price not considered

V4e = 0.85 * K4 * Po * (Bw2e-Bw1e)/Bw1e

((Quantity of Emulsion utilised during the quarter * Estimate rate) /

K4e =
Total Value of Work done during the quarter (P0))

K4e = (0x60139)/9380) = 0
V4e = 0.85 * 0*9380 * (50735.32-57386.37)/57386.37 = 0
Hence the value V4e = 0.00
Bitumen and POL may be considered on "pass through" basis with payment of actual
IV.d.Emulsion RS1
rates.Fluctuation in price not considered

V4e = 0.85 * K4 * Po * (Bw2e-Bw1e)/Bw1e

((Quantity of Emulsion utilised during the quarter * Estimate rate) /

K4e =
Total Value of Work done during the quarter (P0))

K4e = (0x38153)/9380) = 0
V4e = 0.85 * 0*9380 * (33160.61-38045.1)/38045.1 = 0
Hence the value V4e = 0.00
K4 = 0.00
V4 = 0.00
Bitumen and POL may be considered on "pass through" basis with payment of actual
V. P.O.L.
rates.Fluctuation in price not considered

V5 = 0.85 * K5 * Po * (D2-D1)/D1

V5 = 0.85 * 0.05*9380 * (52.19-62.08)/62.08 = -63.51

Hence the value V5 = -63.51
VI. LABOUR

V6 = 0.85 * 0.23*9380 * (236.67-236)/236 = 5.21

Total "V" Values Total "K" Factors

I. Materials V1 = Nil K1 = 0.210
II. Cement V2 = Nil K2 = -
III. Steel V3 = Nil K3 = -
IV.Bitumen & Emulsion V4 = Nil K4 = -
V. P.O.L. V5 = -63.51 K5 = 0.050
VI. Labour V6 = Nil K6 = 0.230
Total -63.51 Total 0.490
If total K value exceeds 1.0 the following restrictions is to be applied to restrict
the price adjustment amount for V1, V5 & V6
V1+V5+V6 = ({( V1+V5+V6) * [1-(K2+K3+K4)]}/(K1+K5+K6))

Here total value of K is less than 1. Hence, correction factor need

not be applied. Therefore, esccalation value works out to the 1 -63.51
Quarter (01-15 , 02-15 & 03-15)
Main Name of Work :Construction of Bridge across Noyyal River connecting Avudaiyarparai in Erode
District and Noyyal in Karur District

Date of Tender (Base date) 15-10-2014

Fluctuation
Base Indices 2 Quarter (04-15 ,
Components Oct-14 in price
as on 05-15 & 06-15)
index
Grey Cement Cw1 168.10 Cw2 173.80 3.39%
Rebars Sw1 172.10 Sw2 161.90 -5.93%
ALL COMMODITIES Iw1 183.90 Iw2 177.83 -3.30%
Labour Lc1 236.00 Lc2 240.67 1.98%
Diesel Dw1 62.08 Dw2 52.79 -14.96%
Emulsion SS1 Bw1e1 57,386.37 Bw2e1 50,345.00 -12.27%
Emulsion RS1 Bw1e2 38,045.10 Bw2e2 32,531.67 -14.49%
Bitumen 60/70 Bw1b1 43,121.86 Bw2b1 33,156.46 -23.11%
Bitumen 80/100 Bw1b2 42,305.86 Bw2b2 32,340.46 -23.56%

During the 2 Quarter (04-15 , 05-15 & 06-15) Factors

Total Value of Work done (P0) 34,48,802.73 Description Factor
Quantity of Cement utilised 5330.60 Bags Materials - K1 0.210
Quantity of Steel utilised 2.505 MT Labour - K6 0.230
Quantity of Bitumen 60/70 grade utilised 0.000 MT POL - K5 0.050
Quantity of Bitumen 80/100 grade utilised 0.000 MT
Quantity of Emulsion SS1 utilised 0.000 MT
Quantity of Emulsion RS1 utilised 0.000 MT
02-09-2014
Components Estimate rate
Cement 280.00 /Bag 280.00
Steel 48000.00 /MT ####
Emulsion SS1 60139.00 /MT
Emulsion RS1 38153.00 /MT
Bitumen 60/70 42213.00 /MT
Bitumen 80/100 41413.00 /MT
Fuel 62.68

I. Materials :(Other than Cement, Steel and Bitumen)

V1 = 0.85 * 0.21 *3448802.73 * (177.83-183.9)/183.9 = -20319.52

II. Adjustment in the cost of CEMENT
V2 = 0.85 * K2 * Po * (Cw2-Cw1)/Cw1
((Quantity of Cement utilised during the quarter * Estimate rate) / Total
K2 =
Value of Work done during the quarter (P0))
K2 = ((5330.6*280)/3448802.73) = 0.43
V2 = 0.85 * 0.43 *3448802.73 * (173.8-168.1)/168.1 = 42742.79 or
Variation more than + or - 3%. Hence, price variation
Fluctuation in price index = 3.39%
apply
Hence the value V2 = 42,742.79
III. Adjustment in the cost of STEEL
V3 = 0.85 * K3 * Po * (Sw2-Sw1)/Sw1
((Quantity of Steel utilised during the quarter * Estimate rate) / Total
K3 =
Value of Work done during the quarter (P0))
K3 = (2.505x48000)/3448802.73) = 0.04
V3 = 0.85 * 0.03*3448802.73 * (161.9-172.1)/172.1 = -5212.28 or
Variation more than + or - 3%. Hence, price variation
Fluctuation in price index = -5.93%
apply
Hence the value V3 = -5,212.28
IV.a. Bitumen 60/70 Bitumen and POL may be considered on "pass through" basis with payment of actual
rates.Fluctuation in price not considered
grade
V4b1 = 0.85 * K4 * Po * (Bw2b1-Bw1b1)/Bw1b1

((Quantity of Bitumen utilised during the quarter * Estimate rate) / Total

K4b1 =
Value of Work done during the quarter (P0))

K4b1 = (0x42213)/3448802.73) = 0

V4b1 = 0.85 * 0*3448802.73 * (33156.46-43121.86)/43121.86 = 00

Hence the value V4b = 0.00

IV.b. Bitumen 80/100 Bitumen and POL may be considered on "pass through" basis with payment of actual
rates.Fluctuation in price not considered
grade
V4b2 = 0.85 * K4 * Po * (Bw2b2-Bw1b2)/Bw1b2

((Quantity of Bitumen utilised during the quarter * Estimate rate) / Total

K4b2 =
Value of Work done during the quarter (P0))

K4b2 = (0x41413)/3448802.73) = 0
V4b2 = 0.85 * 0*3448802.73 * (32340.46-42305.86)/42305.86 = 0
Hence the value V4b = 0.00
 Bitumen and POL may be considered on "pass through" basis with payment of actual
IV.c.Emulsion SS1
rates.Fluctuation in price not considered

V4e = 0.85 * K4 * Po * (Bw2e-Bw1e)/Bw1e

((Quantity of Emulsion utilised during the quarter * Estimate rate) /

K4e =
Total Value of Work done during the quarter (P0))

K4e = (0x60139)/3448802.73) = 0
V4e = 0.85 * 0*3448802.73 * (50345-57386.37)/57386.37 = 0
Hence the value V4e = 0.00
Bitumen and POL may be considered on "pass through" basis with payment of actual
IV.d.Emulsion RS1
rates.Fluctuation in price not considered

V4e = 0.85 * K4 * Po * (Bw2e-Bw1e)/Bw1e

((Quantity of Emulsion utilised during the quarter * Estimate rate) /

K4e =
Total Value of Work done during the quarter (P0))

K4e = (0x38153)/3448802.73) = 0
V4e = 0.85 * 0*3448802.73 * (32531.67-38045.1)/38045.1 = 0
Hence the value V4e = 0.00
K4 = 0.00
V4 = 0.00
Bitumen and POL may be considered on "pass through" basis with payment of actual
V. P.O.L.
rates.Fluctuation in price not considered

V5 = 0.85 * K5 * Po * (D2-D1)/D1

V5 = 0.85 * 0.05*3448802.73 * (52.79-62.08)/62.08 = -21934.17

Hence the value V5 = -21,934.17
VI. LABOUR

V6 = 0.85 * 0.23*3448802.73 * (240.67-236)/236 = 13341.97

Total "V" Values Total "K" Factors

I. Materials V1 = Nil K1 = 0.210
II. Cement V2 = 42,742.79 K2 = 0.430
III. Steel V3 = -5,212.28 K3 = 0.030
IV.Bitumen & Emulsion V4 = Nil K4 = -
V. P.O.L. V5 = -21,934.17 K5 = 0.050
VI. Labour V6 = Nil K6 = 0.230
Total 15,596.34 Total 0.950
If total K value exceeds 1.0 the following restrictions is to be applied to restrict
the price adjustment amount for V1, V5 & V6
V1+V5+V6 = ({( V1+V5+V6) * [1-(K2+K3+K4)]}/(K1+K5+K6))
Here total value of K is less than 1. Hence, correction factor need
not be applied. Therefore, esccalation value works out to the 2 15,596.34
Quarter (04-15 , 05-15 & 06-15)
Main Name of Work :Construction of Bridge across Noyyal River connecting Avudaiyarparai in Erode
District and Noyyal in Karur District

Date of Tender (Base date) 15-10-2014

Fluctuation
Base Indices 3 Quarter (07-15 ,
Components Oct-14 in price
as on 08-15 & 09-15)
index
Grey Cement Cw1 168.10 Cw2 171.83 2.22%
Rebars Sw1 172.10 Sw2 156.57 -9.02%
ALL COMMODITIES Iw1 183.90 Iw2 176.87 -3.82%
Labour Lc1 236.00 Lc2 243.67 3.25%
Diesel Dw1 62.08 Dw2 47.00 -24.29%
Emulsion SS1 Bw1e1 57,386.37 Bw2e1 48,305.50 -15.82%
Emulsion RS1 Bw1e2 38,045.10 Bw2e2 33,247.50 -12.61%
Bitumen 60/70 Bw1b1 43,121.86 Bw2b1 32,609.06 -24.38%
Bitumen 80/100 Bw1b2 42,305.86 Bw2b2 33,448.86 -20.94%

During the 3 Quarter (07-15 , 08-15 & 09-15) Factors

Total Value of Work done (P0) 99,69,942.66 Description Factor
Quantity of Cement utilised 10617.60 Bags Materials - K1 0.210
Quantity of Steel utilised 64.727 MT Labour - K6 0.230
Quantity of Bitumen 60/70 grade utilised 0.000 MT POL - K5 0.050
Quantity of Bitumen 80/100 grade utilised 0.000 MT
Quantity of Emulsion SS1 utilised 0.000 MT
Quantity of Emulsion RS1 utilised 0.000 MT
02-09-2014
Components Estimate rate
Cement 280.00 /Bag 280.00
Steel 48000.00 /MT ####
Emulsion SS1 60139.00 /MT
Emulsion RS1 38153.00 /MT
Bitumen 60/70 42213.00 /MT
Bitumen 80/100 41413.00 /MT
Fuel 62.68

I. Materials :(Other than Cement, Steel and Bitumen)

V1 = 0.85 * 0.21 *9969942.66 * (176.87-183.9)/183.9 = -68030.63

II. Adjustment in the cost of CEMENT
V2 = 0.85 * K2 * Po * (Cw2-Cw1)/Cw1
((Quantity of Cement utilised during the quarter * Estimate rate) / Total
K2 =
Value of Work done during the quarter (P0))
K2 = ((10617.6*280)/9969942.66) = 0.3
V2 = 0.85 * 0.3 *9969942.66 * (171.83-168.1)/168.1 = 56412.32 or
Variation less than + or - 3%. Hence,Price variation not
Fluctuation in price index = 2.22%
apply
Hence the value V2 = 0.00
III. Adjustment in the cost of STEEL
V3 = 0.85 * K3 * Po * (Sw2-Sw1)/Sw1
((Quantity of Steel utilised during the quarter * Estimate rate) / Total
K3 =
Value of Work done during the quarter (P0))
K3 = (64.727x48000)/9969942.66) = 0.32
V3 = 0.85 * 0.31*9969942.66 * (156.57-172.1)/172.1 = -237063.05 or
Variation more than + or - 3%. Hence, price variation
Fluctuation in price index = -9.02%
apply
Hence the value V3 = -2,37,063.05
IV.a. Bitumen 60/70 Bitumen and POL may be considered on "pass through" basis with payment of actual
rates.Fluctuation in price not considered
grade
V4b1 = 0.85 * K4 * Po * (Bw2b1-Bw1b1)/Bw1b1

((Quantity of Bitumen utilised during the quarter * Estimate rate) / Total

K4b1 =
Value of Work done during the quarter (P0))

K4b1 = (0x42213)/9969942.66) = 0

V4b1 = 0.85 * 0*9969942.66 * (32609.06-43121.86)/43121.86 = 00

Hence the value V4b = 0.00

IV.b. Bitumen 80/100 Bitumen and POL may be considered on "pass through" basis with payment of actual
rates.Fluctuation in price not considered
grade
V4b2 = 0.85 * K4 * Po * (Bw2b2-Bw1b2)/Bw1b2

((Quantity of Bitumen utilised during the quarter * Estimate rate) / Total

K4b2 =
Value of Work done during the quarter (P0))

K4b2 = (0x41413)/9969942.66) = 0
V4b2 = 0.85 * 0*9969942.66 * (33448.86-42305.86)/42305.86 = 0
Hence the value V4b = 0.00
 Bitumen and POL may be considered on "pass through" basis with payment of actual
IV.c.Emulsion SS1
rates.Fluctuation in price not considered

V4e = 0.85 * K4 * Po * (Bw2e-Bw1e)/Bw1e

((Quantity of Emulsion utilised during the quarter * Estimate rate) /

K4e =
Total Value of Work done during the quarter (P0))

K4e = (0x60139)/9969942.66) = 0
V4e = 0.85 * 0*9969942.66 * (48305.5-57386.37)/57386.37 = 0
Hence the value V4e = 0.00
Bitumen and POL may be considered on "pass through" basis with payment of actual
IV.d.Emulsion RS1
rates.Fluctuation in price not considered

V4e = 0.85 * K4 * Po * (Bw2e-Bw1e)/Bw1e

((Quantity of Emulsion utilised during the quarter * Estimate rate) /

K4e =
Total Value of Work done during the quarter (P0))

K4e = (0x38153)/9969942.66) = 0
V4e = 0.85 * 0*9969942.66 * (33247.5-38045.1)/38045.1 = 0
Hence the value V4e = 0.00
K4 = 0.00
V4 = 0.00
Bitumen and POL may be considered on "pass through" basis with payment of actual
V. P.O.L.
rates.Fluctuation in price not considered

V5 = 0.85 * K5 * Po * (D2-D1)/D1

V5 = 0.85 * 0.05*9969942.66 * (47-62.08)/62.08 = -102927.45

Hence the value V5 = -1,02,927.45
VI. LABOUR

V6 = 0.85 * 0.23*9969942.66 * (243.67-236)/236 = 63346.52

Total "V" Values Total "K" Factors

I. Materials V1 = Nil K1 = 0.210
II. Cement V2 = Nil K2 = 0.300
III. Steel V3 = -2,37,063.05 K3 = 0.310
IV.Bitumen & Emulsion V4 = Nil K4 = -
V. P.O.L. V5 = -1,02,927.45 K5 = 0.050
VI. Labour V6 = 63,346.52 K6 = 0.230
Total -2,76,643.98 Total 1.100
If total K value exceeds 1.0 the following restrictions is to be applied to restrict
the price adjustment amount for V1, V5 & V6
V1+V5+V6 = ({( V1+V5+V6) * [1-(K2+K3+K4)]}/(K1+K5+K6))
({(0+-102927.45+63346.52) X [1-(0.3+0.31+0) ]} / (0.21+0.05+0.23)) = -31503.19
V1+V5+V6 = -31,503.19
V2+V3+V4 = ( 0+-237063.05+0) = -2,37,063.05
Total = -2,68,566.24
Here total value of K is greater than 1. Hence, correction factor
has to be applied. Therefore, esccalation value works out to the 3 -2,68,566.24
Quarter (07-15 , 08-15 & 09-15)
Main Name of Work :Construction of Bridge across Noyyal River connecting Avudaiyarparai in Erode
District and Noyyal in Karur District

Date of Tender (Base date) 15-10-2014

Fluctuation
Base Indices 4 Quarter (07-15 ,
Components Oct-14 in price
as on 08-15 & 09-15)
index
Grey Cement Cw1 168.10 Cw2 174.17 3.61%
Rebars Sw1 172.10 Sw2 150.73 -12.42%
ALL COMMODITIES Iw1 183.90 Iw2 177.27 -3.61%
Labour Lc1 236.00 Lc2 249.33 5.65%
Diesel Dw1 62.08 Dw2 45.97 -25.95%
Emulsion SS1 Bw1e1 57,386.37 Bw2e1 45934.17 -19.96%
Emulsion RS1 Bw1e2 38,045.10 Bw2e2 30517.67 -19.79%
Bitumen 60/70 Bw1b1 43,121.86 Bw2b1 27944.26 -35.20%
Bitumen 80/100 Bw1b2 42,305.86 Bw2b2 - #VALUE!

During the 4 Quarter (07-15 , 08-15 & 09-15) Factors

Total Value of Work done (P0) 75,54,551.74 Description Factor
Quantity of Cement utilised 5015.20 Bags Materials - K1 0.210
Quantity of Steel utilised 20.473 MT Labour - K6 0.230
Quantity of Bitumen 60/70 grade utilised 0.000 MT POL - K5 0.050
Quantity of Bitumen 80/100 grade utilised 0.000 MT
Quantity of Emulsion SS1 utilised 0.000 MT
Quantity of Emulsion RS1 utilised 0.000 MT
02-09-2014
Components Estimate rate
Cement 280.00 /Bag 280.00
Steel 48000.00 /MT ####
Emulsion SS1 60139.00 /MT
Emulsion RS1 38153.00 /MT
Bitumen 60/70 42213.00 /MT
Bitumen 80/100 41413.00 /MT
Fuel 62.68

I. Materials :(Other than Cement, Steel and Bitumen)

V1 = 0.85 * 0.21 *7554551.74 * (177.27-183.9)/183.9 = -48615.94

II. Adjustment in the cost of CEMENT
V2 = 0.85 * K2 * Po * (Cw2-Cw1)/Cw1
((Quantity of Cement utilised during the quarter * Estimate rate) / Total
K2 =
Value of Work done during the quarter (P0))
K2 = ((5015.2*280)/7554551.74) = 0.19
V2 = 0.85 * 0.19 *7554551.74 * (174.17-168.1)/168.1 = 44055.71 or
Variation more than + or - 3%. Hence, price variation
Fluctuation in price index = 3.61%
apply
Hence the value V2 = 44,055.71
III. Adjustment in the cost of STEEL
V3 = 0.85 * K3 * Po * (Sw2-Sw1)/Sw1
((Quantity of Steel utilised during the quarter * Estimate rate) / Total
K3 =
Value of Work done during the quarter (P0))
K3 = (20.473x48000)/7554551.74) = 0.14
V3 = 0.85 * 0.13*7554551.74 * (150.73-172.1)/172.1 = -103656.04 or
Variation more than + or - 3%. Hence, price variation
Fluctuation in price index = -12.42%
apply
Hence the value V3 = -1,03,656.04
IV.a. Bitumen 60/70 Bitumen and POL may be considered on "pass through" basis with payment of actual
rates.Fluctuation in price not considered
grade
V4b1 = 0.85 * K4 * Po * (Bw2b1-Bw1b1)/Bw1b1

((Quantity of Bitumen utilised during the quarter * Estimate rate) / Total

K4b1 =
Value of Work done during the quarter (P0))

K4b1 = (0x42213)/7554551.74) = 0

V4b1 = 0.85 * 0*7554551.74 * (27944.26-43121.86)/43121.86 = 00

Hence the value V4b = 0.00

IV.b. Bitumen 80/100 Bitumen and POL may be considered on "pass through" basis with payment of actual
rates.Fluctuation in price not considered
grade
V4b2 = 0.85 * K4 * Po * (Bw2b2-Bw1b2)/Bw1b2

((Quantity of Bitumen utilised during the quarter * Estimate rate) / Total

K4b2 =
Value of Work done during the quarter (P0))

K4b2 = (0x41413)/7554551.74) = 0
V4b2 = #VALUE!
Hence the value V4b = 0.00
 Bitumen and POL may be considered on "pass through" basis with payment of actual
IV.c.Emulsion SS1
rates.Fluctuation in price not considered

V4e = 0.85 * K4 * Po * (Bw2e-Bw1e)/Bw1e

((Quantity of Emulsion utilised during the quarter * Estimate rate) /

K4e =
Total Value of Work done during the quarter (P0))

K4e = (0x60139)/7554551.74) = 0
V4e = 0.85 * 0*7554551.74 * (45934.17-57386.37)/57386.37 = 0
Hence the value V4e = 0.00
Bitumen and POL may be considered on "pass through" basis with payment of actual
IV.d.Emulsion RS1
rates.Fluctuation in price not considered

V4e = 0.85 * K4 * Po * (Bw2e-Bw1e)/Bw1e

((Quantity of Emulsion utilised during the quarter * Estimate rate) /

K4e =
Total Value of Work done during the quarter (P0))

K4e = (0x38153)/7554551.74) = 0
V4e = 0.85 * 0*7554551.74 * (30517.67-38045.1)/38045.1 = 0
Hence the value V4e = 0.00
K4 = 0.00
V4 = 0.00
Bitumen and POL may be considered on "pass through" basis with payment of actual
V. P.O.L.
rates.Fluctuation in price not considered

V5 = 0.85 * K5 * Po * (D2-D1)/D1

V5 = 0.85 * 0.05*7554551.74 * (45.97-62.08)/62.08 = -83318.5

Hence the value V5 = -83,318.50
VI. LABOUR

V6 = 0.85 * 0.23*7554551.74 * (249.33-236)/236 = 83420.66

Total "V" Values Total "K" Factors

I. Materials V1 = Nil K1 = 0.210
II. Cement V2 = 44,055.71 K2 = 0.190
III. Steel V3 = -1,03,656.04 K3 = 0.130
IV.Bitumen & Emulsion V4 = Nil K4 = -
V. P.O.L. V5 = -83,318.50 K5 = 0.050
VI. Labour V6 = 83,420.66 K6 = 0.230
Total -59,498.17 Total 0.810
If total K value exceeds 1.0 the following restrictions is to be applied to restrict
the price adjustment amount for V1, V5 & V6
V1+V5+V6 = ({( V1+V5+V6) * [1-(K2+K3+K4)]}/(K1+K5+K6))
Here total value of K is less than 1. Hence, correction factor need
not be applied. Therefore, esccalation value works out to the 4 -59,498.17
Quarter (07-15 , 08-15 & 09-15)
Main Name of Work :Construction of Bridge across Noyyal River connecting Avudaiyarparai in Erode
District and Noyyal in Karur District

Date of Tender (Base date) 15-10-2014

Fluctuation
Base Indices 5 Quarter (01-16 ,
Components Oct-14 in price
as on 02-16 & 03-16)
index
Grey Cement Cw1 168.10 Cw2 173.67 3.31%
Rebars Sw1 172.10 Sw2 150.40 -12.61%
ALL COMMODITIES Iw1 183.90 Iw2 174.93 -4.88%
Labour Lc1 236.00 Lc2 247.33 4.80%
Diesel Dw1 62.08 Dw2 44.95 -27.59%
Emulsion SS1 Bw1e1 57,386.37 Bw2e1 43302.75 -24.54%
Emulsion RS1 Bw1e2 38,045.10 Bw2e2 27637.25 -27.36%
Bitumen 60/70 Bw1b1 43,121.86 Bw2b1 23495.28 -45.51%
Bitumen 80/100 Bw1b2 42,305.86 Bw2b2 - #VALUE!

During the 5 Quarter (01-16 , 02-16 & 03-16) Factors

Total Value of Work done (P0) 80,24,011.42 Description Factor
Quantity of Cement utilised 8170.80 Bags Materials - K1 0.210
Quantity of Steel utilised 25.202 MT Labour - K6 0.230
Quantity of Bitumen 60/70 grade utilised 0.000 MT POL - K5 0.050
Quantity of Bitumen 80/100 grade utilised 0.000 MT
Quantity of Emulsion SS1 utilised 0.000 MT
Quantity of Emulsion RS1 utilised 0.000 MT
02-09-2014
Components Estimate rate
Cement 280.00 /Bag 280.00
Steel 48000.00 /MT ####
Emulsion SS1 60139.00 /MT
Emulsion RS1 38153.00 /MT
Bitumen 60/70 42213.00 /MT
Bitumen 80/100 41413.00 /MT
Fuel 62.68

I. Materials :(Other than Cement, Steel and Bitumen)

V1 = 0.85 * 0.21 *8024011.42 * (174.93-183.9)/183.9 = -69861.91

II. Adjustment in the cost of CEMENT
V2 = 0.85 * K2 * Po * (Cw2-Cw1)/Cw1
((Quantity of Cement utilised during the quarter * Estimate rate) / Total
K2 =
Value of Work done during the quarter (P0))
K2 = ((8170.8*280)/8024011.42) = 0.29
V2 = 0.85 * 0.29 *8024011.42 * (173.67-168.1)/168.1 = 65538.42 or
Variation more than + or - 3%. Hence, price variation
Fluctuation in price index = 3.31%
apply
Hence the value V2 = 65,538.42
III. Adjustment in the cost of STEEL
V3 = 0.85 * K3 * Po * (Sw2-Sw1)/Sw1
((Quantity of Steel utilised during the quarter * Estimate rate) / Total
K3 =
Value of Work done during the quarter (P0))
K3 = (25.202x48000)/8024011.42) = 0.16
V3 = 0.85 * 0.15*8024011.42 * (150.4-172.1)/172.1 = -128997.29 or
Variation more than + or - 3%. Hence, price variation
Fluctuation in price index = -12.61%
apply
Hence the value V3 = -1,28,997.29
IV.a. Bitumen 60/70 Bitumen and POL may be considered on "pass through" basis with payment of actual
rates.Fluctuation in price not considered
grade
V4b1 = 0.85 * K4 * Po * (Bw2b1-Bw1b1)/Bw1b1

((Quantity of Bitumen utilised during the quarter * Estimate rate) / Total

K4b1 =
Value of Work done during the quarter (P0))

K4b1 = (0x42213)/8024011.42) = 0

V4b1 = 0.85 * 0*8024011.42 * (23495.28-43121.86)/43121.86 = 00

Hence the value V4b = 0.00

IV.b. Bitumen 80/100 Bitumen and POL may be considered on "pass through" basis with payment of actual
rates.Fluctuation in price not considered
grade
V4b2 = 0.85 * K4 * Po * (Bw2b2-Bw1b2)/Bw1b2

((Quantity of Bitumen utilised during the quarter * Estimate rate) / Total

K4b2 =
Value of Work done during the quarter (P0))

K4b2 = (0x41413)/8024011.42) = 0
V4b2 = #VALUE!
Hence the value V4b = 0.00
 Bitumen and POL may be considered on "pass through" basis with payment of actual
IV.c.Emulsion SS1
rates.Fluctuation in price not considered

V4e = 0.85 * K4 * Po * (Bw2e-Bw1e)/Bw1e

((Quantity of Emulsion utilised during the quarter * Estimate rate) /

K4e =
Total Value of Work done during the quarter (P0))

K4e = (0x60139)/8024011.42) = 0
V4e = 0.85 * 0*8024011.42 * (43302.75-57386.37)/57386.37 = 0
Hence the value V4e = 0.00
Bitumen and POL may be considered on "pass through" basis with payment of actual
IV.d.Emulsion RS1
rates.Fluctuation in price not considered

V4e = 0.85 * K4 * Po * (Bw2e-Bw1e)/Bw1e

((Quantity of Emulsion utilised during the quarter * Estimate rate) /

K4e =
Total Value of Work done during the quarter (P0))

K4e = (0x38153)/8024011.42) = 0
V4e = 0.85 * 0*8024011.42 * (27637.25-38045.1)/38045.1 = 0
Hence the value V4e = 0.00
K4 = 0.00
V4 = 0.00
Bitumen and POL may be considered on "pass through" basis with payment of actual
V. P.O.L.
rates.Fluctuation in price not considered

V5 = 0.85 * K5 * Po * (D2-D1)/D1

V5 = 0.85 * 0.05*8024011.42 * (44.95-62.08)/62.08 = -94099.24

Hence the value V5 = -94,099.24
VI. LABOUR

V6 = 0.85 * 0.23*8024011.42 * (247.33-236)/236 = 75310.62

Total "V" Values Total "K" Factors

I. Materials V1 = Nil K1 = 0.210
II. Cement V2 = 65,538.42 K2 = 0.290
III. Steel V3 = -1,28,997.29 K3 = 0.150
IV.Bitumen & Emulsion V4 = Nil K4 = -
V. P.O.L. V5 = -94,099.24 K5 = 0.050
VI. Labour V6 = 75,310.62 K6 = 0.230
Total -82,247.49 Total 0.930
If total K value exceeds 1.0 the following restrictions is to be applied to restrict
the price adjustment amount for V1, V5 & V6
V1+V5+V6 = ({( V1+V5+V6) * [1-(K2+K3+K4)]}/(K1+K5+K6))
Here total value of K is less than 1. Hence, correction factor need
not be applied. Therefore, esccalation value works out to the 5 -82,247.49
Quarter (01-16 , 02-16 & 03-16)
Main Name of Work :Construction of Bridge across Noyyal River connecting Avudaiyarparai in Erode
District and Noyyal in Karur District

Date of Tender (Base date) 15-10-2014

Fluctuation
Base Indices 6 Quarter (04-16 ,
Components Oct-14 in price
as on 05-16 & 06-16)
index
Grey Cement Cw1 168.10 Cw2 174.40 3.75%
Rebars Sw1 172.10 Sw2 153.13 -11.02%
ALL COMMODITIES Iw1 183.90 Iw2 180.30 -1.96%
Labour Lc1 236.00 Lc2 254.67 7.91%
Diesel Dw1 62.08 Dw2 51.43 -17.16%
Emulsion SS1 Bw1e1 57,386.37 Bw2e1 46058.83 -19.74%
Emulsion RS1 Bw1e2 38,045.10 Bw2e2 28598.97 -24.83%
Bitumen 60/70 Bw1b1 43,121.86 Bw2b1 24960.42 -42.12%
Bitumen 80/100 Bw1b2 42,305.86 Bw2b2 - #VALUE!

During the 6 Quarter (04-16 , 05-16 & 06-16) Factors

Total Value of Work done (P0) 46,48,672.79 Description Factor
Quantity of Cement utilised 5015.20 Bags Materials - K1 0.210
Quantity of Steel utilised 20.473 MT Labour - K6 0.230
Quantity of Bitumen 60/70 grade utilised 0.000 MT POL - K5 0.050
Quantity of Bitumen 80/100 grade utilised 0.000 MT
Quantity of Emulsion SS1 utilised 0.000 MT
Quantity of Emulsion RS1 utilised 0.000 MT
02-09-2014
Components Estimate rate
Cement 280.00 /Bag 280.00
Steel 48000.00 /MT ####
Emulsion SS1 60139.00 /MT
Emulsion RS1 38153.00 /MT
Bitumen 60/70 42213.00 /MT
Bitumen 80/100 41413.00 /MT
Fuel 62.68

I. Materials :(Other than Cement, Steel and Bitumen)

V1 = 0.85 * 0.21 *4648672.79 * (180.3-183.9)/183.9 = -16243.81

II. Adjustment in the cost of CEMENT
V2 = 0.85 * K2 * Po * (Cw2-Cw1)/Cw1
((Quantity of Cement utilised during the quarter * Estimate rate) / Total
K2 =
Value of Work done during the quarter (P0))
K2 = ((5015.2*280)/4648672.79) = 0.3
V2 = 0.85 * 0.3 *4648672.79 * (174.4-168.1)/168.1 = 44426.49 or
Variation more than + or - 3%. Hence, price variation
Fluctuation in price index = 3.75%
apply
Hence the value V2 = 44,426.49
III. Adjustment in the cost of STEEL
V3 = 0.85 * K3 * Po * (Sw2-Sw1)/Sw1
((Quantity of Steel utilised during the quarter * Estimate rate) / Total
K3 =
Value of Work done during the quarter (P0))
K3 = (20.473x48000)/4648672.79) = 0.22
V3 = 0.85 * 0.21*4648672.79 * (153.13-172.1)/172.1 = -91464.73 or
Variation more than + or - 3%. Hence, price variation
Fluctuation in price index = -11.02%
apply
Hence the value V3 = 0.00
IV.a. Bitumen 60/70 Bitumen and POL may be considered on "pass through" basis with payment of actual
rates.Fluctuation in price not considered
grade
V4b1 = 0.85 * K4 * Po * (Bw2b1-Bw1b1)/Bw1b1

((Quantity of Bitumen utilised during the quarter * Estimate rate) / Total

K4b1 =
Value of Work done during the quarter (P0))

K4b1 = (0x42213)/4648672.79) = 0

V4b1 = 0.85 * 0*4648672.79 * (24960.42-43121.86)/43121.86 = 00

Hence the value V4b = 0.00

IV.b. Bitumen 80/100 Bitumen and POL may be considered on "pass through" basis with payment of actual
rates.Fluctuation in price not considered
grade
V4b2 = 0.85 * K4 * Po * (Bw2b2-Bw1b2)/Bw1b2

((Quantity of Bitumen utilised during the quarter * Estimate rate) / Total

K4b2 =
Value of Work done during the quarter (P0))

K4b2 = (0x41413)/4648672.79) = 0
V4b2 = 0.00
Hence the value V4b = 0.00
 Bitumen and POL may be considered on "pass through" basis with payment of actual
IV.c.Emulsion SS1
rates.Fluctuation in price not considered

V4e = 0.85 * K4 * Po * (Bw2e-Bw1e)/Bw1e

((Quantity of Emulsion utilised during the quarter * Estimate rate) /

K4e =
Total Value of Work done during the quarter (P0))

K4e = (0x60139)/4648672.79) = 0
V4e = 0.85 * 0*4648672.79 * (46058.83-57386.37)/57386.37 = 0
Hence the value V4e = 0.00
Bitumen and POL may be considered on "pass through" basis with payment of actual
IV.d.Emulsion RS1
rates.Fluctuation in price not considered

V4e = 0.85 * K4 * Po * (Bw2e-Bw1e)/Bw1e

((Quantity of Emulsion utilised during the quarter * Estimate rate) /

K4e =
Total Value of Work done during the quarter (P0))

K4e = (0x38153)/4648672.79) = 0
V4e = 0.85 * 0*4648672.79 * (28598.97-38045.1)/38045.1 = 0
Hence the value V4e = 0.00
K4 = 0.00
V4 = 0.00
Bitumen and POL may be considered on "pass through" basis with payment of actual
V. P.O.L.
rates.Fluctuation in price not considered

V5 = 0.85 * K5 * Po * (D2-D1)/D1

V5 = 0.85 * 0.05*4648672.79 * (51.43-62.08)/62.08 = -33893.45

Hence the value V5 = -33,893.45
VI. LABOUR

V6 = 0.85 * 0.23*4648672.79 * (254.67-236)/236 = 71896.55

Total "V" Values Total "K" Factors

I. Materials V1 = Nil K1 = 0.210
II. Cement V2 = 44,426.49 K2 = 0.300
III. Steel V3 = Nil K3 = 0.210
IV.Bitumen & Emulsion V4 = Nil K4 = -
V. P.O.L. V5 = -33,893.45 K5 = 0.050
VI. Labour V6 = 71,896.55 K6 = 0.230
Total 82,429.59 Total 1.000
If total K value exceeds 1.0 the following restrictions is to be applied to restrict
the price adjustment amount for V1, V5 & V6
V1+V5+V6 = ({( V1+V5+V6) * [1-(K2+K3+K4)]}/(K1+K5+K6))
Here total value of K is greater than 1. Hence, correction factor
has to be applied. Therefore, esccalation value works out to the 6 82,429.59
Quarter (04-16 , 05-16 & 06-16)
Main Name of Work :Construction of Bridge across Noyyal River connecting Avudaiyarparai in Erode
District and Noyyal in Karur District

Date of Tender (Base date) 15-10-2014

Fluctuation
Base Indices 7 Quarter (07-16 , 08-16
Components Oct-14 in price
as on & 09-16)
index
Grey Cement Cw1 168.10 Cw2 176.53 5.01%
Rebars Sw1 172.10 Sw2 146.90 -14.64%
ALL COMMODITIES Iw1 183.90 Iw2 183.27 -0.34%
Labour Lc1 236.00 Lc2 251.50 6.57%
Diesel Dw1 62.08 Dw2 52.98 -14.66%
Emulsion SS1 Bw1e1 57,386.37 Bw2e1 46733.00 -18.56%
Emulsion RS1 Bw1e2 38,045.10 Bw2e2 28175.17 -25.94%
Bitumen 60/70 Bw1b1 43,121.86 Bw2b1 24013.52 -44.31%
Bitumen 80/100 Bw1b2 42,305.86 Bw2b2 - #VALUE!

During the 7 Quarter (07-16 , 08-16 & 09-16) Factors

Total Value of Work done (P0) 1,32,49,100.35 Description Factor
Quantity of Cement utilised 7652.00 Bags Materials - K1 0.210
Quantity of Steel utilised 72.822 MT Labour - K6 0.230
Quantity of Bitumen 60/70 grade utilised 0.000 MT POL - K5 0.050
Quantity of Bitumen 80/100 grade utilised 0.000 MT
Quantity of Emulsion SS1 utilised 0.000 MT
Quantity of Emulsion RS1 utilised 0.000 MT
02-09-2014
Components Estimate rate
Cement 280.00 /Bag 280.00
Steel 48000.00 /MT ####
Emulsion SS1 60139.00 /MT
Emulsion RS1 38153.00 /MT
Bitumen 60/70 42213.00 /MT
Bitumen 80/100 41413.00 /MT
Fuel 62.68

I. Materials :(Other than Cement, Steel and Bitumen)

V1 = 0.85 * 0.21 *13249100.35 * (183.27-183.9)/183.9 = -8101.84

II. Adjustment in the cost of CEMENT
V2 = 0.85 * K2 * Po * (Cw2-Cw1)/Cw1
((Quantity of Cement utilised during the quarter * Estimate rate) / Total
K2 =
Value of Work done during the quarter (P0))
K2 = ((7652*280)/13249100.35) = 0.16
V2 = 0.85 * 0.16 *13249100.35 * (176.53-168.1)/168.1 = 90361.86 or

Fluctuation in price index = 5.01% Variation more than + or - 3%. Hence, price variation apply

Hence the value V2 = 90,361.86

III. Adjustment in the cost of STEEL
V3 = 0.85 * K3 * Po * (Sw2-Sw1)/Sw1
((Quantity of Steel utilised during the quarter * Estimate rate) / Total Value
K3 =
of Work done during the quarter (P0))
K3 = (72.822x48000)/13249100.35) = 0.27
V3 = 0.85 * 0.26*13249100.35 * (146.9-172.1)/172.1 = -428744.27 or

Fluctuation in price index = -14.64% Variation more than + or - 3%. Hence, price variation apply

Hence the value V3 = 0.00

IV.a. Bitumen 60/70 Bitumen and POL may be considered on "pass through" basis with payment of actual
rates.Fluctuation in price not considered
grade
V4b1 = 0.85 * K4 * Po * (Bw2b1-Bw1b1)/Bw1b1

((Quantity of Bitumen utilised during the quarter * Estimate rate) / Total

K4b1 =
Value of Work done during the quarter (P0))

K4b1 = (0x42213)/13249100.35) = 0

V4b1 = 0.85 * 0*13249100.35 * (24013.52-43121.86)/43121.86 = 00

Hence the value V4b = 0.00

IV.b. Bitumen 80/100 Bitumen and POL may be considered on "pass through" basis with payment of actual
rates.Fluctuation in price not considered
grade
V4b2 = 0.85 * K4 * Po * (Bw2b2-Bw1b2)/Bw1b2

((Quantity of Bitumen utilised during the quarter * Estimate rate) / Total

K4b2 =
Value of Work done during the quarter (P0))

K4b2 = (0x41413)/13249100.35) = 0
V4b2 = 0.00
Hence the value V4b = 0.00
 Bitumen and POL may be considered on "pass through" basis with payment of actual
IV.c.Emulsion SS1
rates.Fluctuation in price not considered

V4e = 0.85 * K4 * Po * (Bw2e-Bw1e)/Bw1e

((Quantity of Emulsion utilised during the quarter * Estimate rate) / Total

K4e =
Value of Work done during the quarter (P0))

K4e = (0x60139)/13249100.35) = 0
V4e = 0.85 * 0*13249100.35 * (46733-57386.37)/57386.37 = 0
Hence the value V4e = 0.00
Bitumen and POL may be considered on "pass through" basis with payment of actual
IV.d.Emulsion RS1
rates.Fluctuation in price not considered

V4e = 0.85 * K4 * Po * (Bw2e-Bw1e)/Bw1e

((Quantity of Emulsion utilised during the quarter * Estimate rate) / Total

K4e =
Value of Work done during the quarter (P0))

K4e = (0x38153)/13249100.35) = 0
V4e = 0.85 * 0*13249100.35 * (28175.17-38045.1)/38045.1 = 0
Hence the value V4e = 0.00
K4 = 0.00
V4 = 0.00
Bitumen and POL may be considered on "pass through" basis with payment of actual
V. P.O.L.
rates.Fluctuation in price not considered

V5 = 0.85 * K5 * Po * (D2-D1)/D1

V5 = 0.85 * 0.05*13249100.35 * (52.98-62.08)/62.08 = -82540.1

Hence the value V5 = -82,540.10
VI. LABOUR

V6 = 0.85 * 0.23*13249100.35 * (251.5-236)/236 = 170119.01

Total "V" Values Total "K" Factors

I. Materials V1 = Nil K1 = 0.210
II. Cement V2 = 90,361.86 K2 = 0.160
III. Steel V3 = Nil K3 = 0.260
IV.Bitumen & Emulsion V4 = Nil K4 = -
V. P.O.L. V5 = -82,540.10 K5 = 0.050
VI. Labour V6 = 1,70,119.01 K6 = 0.230
Total 1,77,940.77 Total 0.910
If total K value exceeds 1.0 the following restrictions is to be applied to restrict the
price adjustment amount for V1, V5 & V6
V1+V5+V6 = ({( V1+V5+V6) * [1-(K2+K3+K4)]}/(K1+K5+K6))
Here total value of K is less than 1. Hence, correction factor need
not be applied. Therefore, esccalation value works out to the 7 1,77,940.77
Quarter (07-16 , 08-16 & 09-16)
Main Name of Work :Construction of Bridge across Noyyal River connecting Avudaiyarparai in Erode
District and Noyyal in Karur District

Date of Tender (Base date) 15-10-2014

Fluctuation
Base Indices VIII Quarter (10-16
Components Oct-14 in price
as on , 11-16 & 12-16)
index
Grey Cement Cw1 168.10 Cw2 #DIV/0! #DIV/0!
Rebars Sw1 172.10 Sw2 #DIV/0! #DIV/0!
ALL COMMODITIES Iw1 183.90 Iw2 #DIV/0! #DIV/0!
Labour Lc1 236.00 Lc2 #DIV/0! #DIV/0!
Diesel Dw1 62.08 Dw2 #DIV/0! #DIV/0!
Emulsion SS1 Bw1e1 57,386.37 Bw2e1 47594.00 -17.06%
Emulsion RS1 Bw1e2 38,045.10 Bw2e2 28492.00 -25.11%
Bitumen 60/70 Bw1b1 43,121.86 Bw2b1 24544.77 -43.08%
Bitumen 80/100 Bw1b2 42,305.86 Bw2b2 - #VALUE!

During the VIII Quarter (10-16 , 11-16 & 12-16) Factors

Total Value of Work done (P0) 0.00 Description Factor
Quantity of Cement utilised 0.00 Bags Materials - K1 0.210
Quantity of Steel utilised 0.000 MT Labour - K6 0.230
Quantity of Bitumen 60/70 grade utilised 0.000 MT POL - K5 0.050
Quantity of Bitumen 80/100 grade utilised 0.000 MT
Quantity of Emulsion SS1 utilised 0.000 MT
Quantity of Emulsion RS1 utilised 0.000 MT
02-09-2014
Components Estimate rate
Cement 280.00 /Bag 280.00
Steel 48000.00 /MT ####
Emulsion SS1 60139.00 /MT
Emulsion RS1 38153.00 /MT
Bitumen 60/70 42213.00 /MT
Bitumen 80/100 41413.00 /MT
Fuel 62.68

I. Materials :(Other than Cement, Steel and Bitumen)

V1 = #DIV/0!
II. Adjustment in the cost of CEMENT
V2 = 0.85 * K2 * Po * (Cw2-Cw1)/Cw1
((Quantity of Cement utilised during the quarter * Estimate rate) / Total
K2 =
Value of Work done during the quarter (P0))
K2 = #DIV/0!
V2 = #DIV/0! or

Fluctuation in price index = #DIV/0! #DIV/0!

Hence the value V2 = #DIV/0!

III. Adjustment in the cost of STEEL
V3 = 0.85 * K3 * Po * (Sw2-Sw1)/Sw1
((Quantity of Steel utilised during the quarter * Estimate rate) / Total
K3 =
Value of Work done during the quarter (P0))
K3 = #DIV/0!
V3 = #DIV/0! or

Fluctuation in price index = #DIV/0! #DIV/0!

Hence the value V3 = #DIV/0!

IV.a. Bitumen 60/70 Bitumen and POL may be considered on "pass through" basis with payment of actual
rates.Fluctuation in price not considered
grade
V4b1 = 0.85 * K4 * Po * (Bw2b1-Bw1b1)/Bw1b1

((Quantity of Bitumen utilised during the quarter * Estimate rate) / Total

K4b1 =
Value of Work done during the quarter (P0))

K4b1 = #DIV/0!

V4b1 = #DIV/0!

Hence the value V4b = #DIV/0!

IV.b. Bitumen 80/100 Bitumen and POL may be considered on "pass through" basis with payment of actual
rates.Fluctuation in price not considered
grade
V4b2 = 0.85 * K4 * Po * (Bw2b2-Bw1b2)/Bw1b2

((Quantity of Bitumen utilised during the quarter * Estimate rate) / Total

K4b2 =
Value of Work done during the quarter (P0))

K4b2 = #DIV/0!
V4b2 = 0.00
Hence the value V4b = 0.00
 Bitumen and POL may be considered on "pass through" basis with payment of actual
IV.c.Emulsion SS1
rates.Fluctuation in price not considered

V4e = 0.85 * K4 * Po * (Bw2e-Bw1e)/Bw1e

((Quantity of Emulsion utilised during the quarter * Estimate rate) /

K4e =
Total Value of Work done during the quarter (P0))

K4e = #DIV/0!
V4e = #DIV/0!
Hence the value V4e = #DIV/0!
Bitumen and POL may be considered on "pass through" basis with payment of actual
IV.d.Emulsion RS1
rates.Fluctuation in price not considered

V4e = 0.85 * K4 * Po * (Bw2e-Bw1e)/Bw1e

((Quantity of Emulsion utilised during the quarter * Estimate rate) /

K4e =
Total Value of Work done during the quarter (P0))

K4e = #DIV/0!
V4e = #DIV/0!
Hence the value V4e = #DIV/0!
K4 = #DIV/0!
V4 = #DIV/0!
Bitumen and POL may be considered on "pass through" basis with payment of actual
V. P.O.L.
rates.Fluctuation in price not considered

V5 = 0.85 * K5 * Po * (D2-D1)/D1

V5 = #DIV/0!
Hence the value V5 = #DIV/0!
VI. LABOUR

V6 = #DIV/0!

Total "V" Values Total "K" Factors

I. Materials V1 = Nil K1 = 0.210
II. Cement V2 = #DIV/0! K2 = #DIV/0!
III. Steel V3 = #DIV/0! K3 = #DIV/0!
IV.Bitumen & Emulsion V4 = #DIV/0! K4 = #DIV/0!
V. P.O.L. V5 = #DIV/0! K5 = 0.050
VI. Labour V6 = #DIV/0! K6 = 0.230
Total #DIV/0! Total #DIV/0!
If total K value exceeds 1.0 the following restrictions is to be applied to restrict
the price adjustment amount for V1, V5 & V6
V1+V5+V6 = ({( V1+V5+V6) * [1-(K2+K3+K4)]}/(K1+K5+K6))
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0! #DIV/0!
 INDICES
Main Name of Work :Construction of Bridge across Noyyal River connecting Avudaiyarparai in Erode District and Noyyal in Karur
District

Estimate amount : Rs.660.00 Lakhs CR No: /14-15 date: 02-09-14

Agreement value : Rs.5,92,63,252/- CR No: 35/14-15 date: 30-01-15
Contract value : Rs.Rs.6,15,66,964/-
Name of ContractorM/s Kousic & Co, Contractor, A24, Housing unit, Kollampalayam, Erode - 638002
Date of Tender : 15-10-14
Date of Agreement : 30-01-15
Date of commencement of work : 30-01-15
Agreement Period:18 months, Date of completion as per agreement:29-07-16
02-09-2014 Sep-14 Factors
Components
Estimate rate Sl.No. Description Factor
Cement 280.00 /Bag 167.30 1 Materials 0.210
Steel 48000.00 /MT 171.30 2 Labour 0.230
Bitumen 60/70 42213.00 /MT 3 POL 0.050
Bitumen 80/100 41413.00 /MT
Emulsion SS1 60139.00 /MT
Emulsion RS1 38153.00 /MT
Fuel 62.68
Labour 0.00 236.00
All commodities 185.00
Date of Tender /Date of Commencement of work (Base date) 15-10-2014

1 Quarter (01-15 , 02-15 & 03-15)

1 Quarter Fluctuation
Base Indices Indices for Average in price index
Components Oct-14 Jan-15 Feb-15 Mar-15
as on the month of

Grey Cement Cw1 168.10 Cw2 171.70 174.20 178.30 174.73 3.94%

Rebars Sw1 172.10 Sw2 168.50 166.80 164.20 166.50 -3.25%

ALL COMMODITIES Iw1 183.90 Iw2 177.30 175.60 176.10 176.33 -4.12%

Labour Lc1 236.00 Lc2 237.00 237.00 236.00 236.67 0.28%

Diesel Dw1 62.08 Dw2 52.95 50.32 53.30 52.19 -15.93%

Emulsion SS1 Bw1e1 57386.37 Bw2e1 54986.57 49822.38 47397.00 50735.32 -11.59%

Emulsion RS1 Bw1e2 38045.10 Bw2e2 36101.00 33201.33 30179.50 33160.61 -12.84%

Bitumen 60/70 Bw1b1 43121.86 Bw2b1 39415.86 34190.06 31730.16 35112.03 -18.57%

Bitumen 80/100 Bw1b2 42305.86 Bw2b2 38599.86 33374.06 30914.16 34296.03 -18.93%
 2 Quarter (04-15 , 05-15 & 06-15)
2 Quarter Fluctuation
Base Indices Indices for
Components Oct-14 Apr-15 May-15 Jun-15 Average in price index
as on the month of

Grey Cement Cw1 168.10 Cw2 175.50 172.20 173.70 173.80 3.39%

Rebars Sw1 172.10 Sw2 163.40 162.00 160.30 161.90 -5.93%

ALL COMMODITIES Iw1 183.90 Iw2 176.40 178.00 179.10 177.83 -3.30%

Labour Lc1 236.00 Lc2 237.00 241.00 244.00 240.67 1.98%

Diesel Dw1 62.08 Dw2 51.29 53.18 53.91 52.79 -14.96%

Emulsion SS1 Bw1e1 57386.37 Bw2e1 49583.50 50226.00 51225.50 50345.00 -12.27%

Emulsion RS1 Bw1e2 38045.10 Bw2e2 31963.00 32514.50 33117.50 32531.67 -14.49%

Bitumen 60/70 Bw1b1 43121.86 Bw2b1 32127.96 33438.66 33902.76 33156.46 -23.11%

Bitumen 80/100 Bw1b2 42305.86 Bw2b2 31311.96 32622.66 33086.76 32340.46 -23.56%

3 Quarter (07-15 , 08-15 & 09-15)

3 Quarter Fluctuation
Base Indices Indices for
Components Oct-14 Jul-15 Aug-15 Sep-15 Average in price index
as on the month of

Grey Cement Cw1 168.10 Cw2 169.90 171.30 174.30 171.83 2.22%

Rebars Sw1 172.10 Sw2 158.50 155.20 156.00 156.57 -9.02%

ALL COMMODITIES Iw1 183.90 Iw2 177.60 176.50 176.50 176.87 -3.82%

Labour Lc1 236.00 Lc2 243.00 245.00 243.00 243.67 3.25%

Diesel Dw1 62.08 Dw2 51.22 45.45 44.32 47.00 -24.29%

Emulsion SS1 Bw1e1 57386.37 Bw2e1 50343.50 48193.00 46380.00 48305.50 -15.82%

Emulsion RS1 Bw1e2 38045.10 Bw2e2 33389.50 33195.00 33158.00 33247.50 -12.61%

Bitumen 60/70 Bw1b1 43121.86 Bw2b1 34152.66 32745.06 30929.46 32609.06 -24.38%

Bitumen 80/100 Bw1b2 42305.86 Bw2b2 33448.86 0.00 0.00 33448.86 -20.94%

4 Quarter (07-15 , 08-15 & 09-15)

4 Quarter Fluctuation
Base Indices Indices for
Components Oct-14 Oct-15 Nov-15 Dec-15 Average in price index
as on the month of

Grey Cement Cw1 168.10 Cw2 172.80 176.40 173.30 174.17 3.61%

Rebars Sw1 172.10 Sw2 154.00 150.20 148.00 150.73 -12.42%

ALL COMMODITIES Iw1 183.90 Iw2 176.90 177.50 177.40 177.27 -3.61%

Labour Lc1 236.00 Lc2 247.00 250.00 251.00 249.33 5.65%

Diesel Dw1 62.08 Dw2 45.33 46.30 46.28 45.97 -25.95%

Emulsion SS1 Bw1e1 57386.37 Bw2e1 46331.00 45901.00 45570.50 45934.17 -19.96%

Emulsion RS1 Bw1e2 38045.10 Bw2e2 30773.00 30405.50 30374.50 30517.67 -19.79%

Bitumen 60/70 Bw1b1 43121.86 Bw2b1 28481.46 28063.26 27288.06 27944.26 -35.20%

Bitumen 80/100 Bw1b2 42305.86 Bw2b2 0.00 0.00 0.00 - #VALUE!

 5 Quarter (01-16 , 02-16 & 03-16)
V Quarter Fluctuation
Base Indices Indices for
Components Oct-14 Jan-16 Feb-16 Mar-16 Average in price index
as on the month of

Grey Cement Cw1 168.10 Cw2 173.30 172.10 175.60 173.67 3.31%

Rebars Sw1 172.10 Sw2 149.30 149.40 152.50 150.40 -12.61%

ALL COMMODITIES Iw1 183.90 Iw2 175.40 174.10 175.30 174.93 -4.88%

Labour Lc1 236.00 Lc2 249.00 248.00 245.00 247.33 4.80%

Diesel Dw1 62.08 Dw2 44.51 44.03 46.30 44.95 -27.59%

Emulsion SS1 Bw1e1 57386.37 Bw2e1 43756.00 42581.00 43571.25 43302.75 -24.54%

Emulsion RS1 Bw1e2 38045.10 Bw2e2 28611.00 27033.00 27267.75 27637.25 -27.36%

Bitumen 60/70 Bw1b1 43121.86 Bw2b1 24789.06 22682.76 23014.01 23495.28 -45.51%

Bitumen 80/100 Bw1b2 42305.86 Bw2b2 0.00 0.00 0.00 - #VALUE!

6 Quarter (04-16 , 05-16 & 06-16)

VI Quarter Fluctuation
Base Indices Indices for
Components Oct-14 Apr-16 May-16 Jun-16 Average in price index
as on the month of

Grey Cement Cw1 168.10 Cw2 175.30 173.00 174.90 174.40 3.75%

Rebars Sw1 172.10 Sw2 153.90 154.10 151.40 153.13 -11.02%

ALL COMMODITIES Iw1 183.90 Iw2 177.80 180.20 182.90 180.30 -1.96%

Labour Lc1 236.00 Lc2 249.00 257.00 258.00 254.67 7.91%

Diesel Dw1 62.08 Dw2 48.19 51.12 54.98 51.43 -17.16%

Emulsion SS1 Bw1e1 57386.37 Bw2e1 45052.00 45598.50 47526.00 46058.83 -19.74%

Emulsion RS1 Bw1e2 38045.10 Bw2e2 28439.75 28822.50 28534.67 28598.97 -24.83%

Bitumen 60/70 Bw1b1 43121.86 Bw2b1 24914.52 25470.42 24496.32 24960.42 -42.12%

Bitumen 80/100 Bw1b2 42305.86 Bw2b2 0.00 0.00 0.00 - #VALUE!

7 Quarter (07-16 , 08-16 & 09-16)

VII Quarter Fluctuation
Base Indices Indices for
Components Oct-14 Jul-16 Aug-16 Sep-16 Average in price index
as on the month of

Grey Cement Cw1 168.10 Cw2 175.90 176.80 176.90 176.53 5.01%

Rebars Sw1 172.10 Sw2 148.60 145.20 146.90 146.90 -14.64%

ALL COMMODITIES Iw1 183.90 Iw2 183.90 183.10 182.80 183.27 -0.34%

Labour Lc1 236.00 Lc2 253.00 250.00 0.00 251.50 6.57%

Diesel Dw1 62.08 Dw2 54.68 51.35 52.90 52.98 -14.66%

Emulsion SS1 Bw1e1 57386.37 Bw2e1 47584.50 45950.00 46664.50 46733.00 -18.56%

Emulsion RS1 Bw1e2 38045.10 Bw2e2 28402.00 27954.00 28169.50 28175.17 -25.94%

Bitumen 60/70 Bw1b1 43121.86 Bw2b1 24256.62 23726.22 24057.72 24013.52 -44.31%

Bitumen 80/100 Bw1b2 42305.86 Bw2b2 0.00 0.00 0.00 - #VALUE!