PRICE VARIATION CLAUSE:
PRICE VARIATION CLAUSE FOR 3C x 185 mm² & 240 mm2 11 KV XLPE Cable:
The price variation on account of LME Average settlement price including premium for ingot,
PVC compound / polymer, XLPE Compound and steel strips will be claimed as per the
following formula.
Price Variation Formula for power cable of XLPE Insulated cable of aluminium conductor
having voltage from 3.3 KV to 33 KV is,
P = Po + AlF (Al – Alo) + XLFAl (Cc – Cco) + SMIF (SMIF1-SMIF0) + CCFAl (PVCc-PVCco) + FeF
(Fe - Feo)
Wherein,
Price payable as adjusted in accordance with above appropriate formula (in
P =
Rs./KM)
Po = Price Quoted / confirmed (in Rs./KM)
AlF = Variation Factor of Aluminium according to sizes of cable.
Prices of LME Average Settlement price including premium for ingot. This price is
Al = as applicable of first working day of the month, one month prior to date of
delivery.
Prices of LME Average Settlement price including premium for ingot. This price is
Alo = as applicable of first working day of the month, one month prior to date of
tendering i.e. one month prior to the date of opening of tender.
Variation Factor of XLPE Compound for Aluminium conductor cable according to
XLFAl =
sizes of cable.
Price of XLPE Compound. This price is applicable on first working day of the
Cc =
month, one month prior to the date of delivery.
Price of XLPE Compound. This price is applicable on first working day of the
Cco = month, one month prior to the date of tendering i.e. one month prior to the date
of opening of tender.
SMIF = Variation factor for copper tape.
Price of CC copper rods. This price is applicable on first working day of the
SMIF1 =
month, one month prior to the date of delivery.
Price of CC copper rods. This price is applicable on first working day of the
SMIF0 = month, one month prior to the date of tendering i.e. one month prior to the date
of opening of tender.
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Various factors for PVC Compound/polymer for Aluminium conductor Cable
CCFAl =
according to sizes of cable.
Price of PV Compound. This price is applicable on first working day of the month,
PVCc =
one month prior to the date of delivery.
Price of PVC Compound. This price is applicable on first working day of the
PVCco = month, one month prior to the date of tendering i.e. one month prior to the date
of opening of tender.
FeF = Variation Factor of steel according to sizes of cable.
Fe = Price of Steel strips. This price is applicable on first working day of the month,
one month prior to the date of delivery
Price of Steel strips. This price is applicable on first working day of the month,
Feo = one month prior to the date of tendering i.e. one month prior to the date of
opening of tender.
Notes:
a. All the prices of raw materials are exclusive of GST amount and exclusive of any other
central, State or Local taxes.
b. All prices are as on 1st working day of the month.
c. The details of prices are,
1. The prices of aluminium is LME average cash seller settlement price of primary
aluminium is US$ per MT as published by London Metal Bulletin (LME) including
premium for Aluminium Ingot in US$ per MT is converted in Indian Rs./MT.
2. Price of PVC Compound (in Rs./MT) is the ex - works price, as quoted by the
manufacturer.
3. Price of XLPE Compound (in Rs./MT) is the ex - works price, as quoted by the
manufacturer.
4. Price of CC Copper rods (In Rs/MT) is the ex-works price, as quoted by the
primary producer.
5. Price of galvanized steel strip (in Rs./MT) is ex-works price as quoted by the
manufacturer for flat steel strip (the relevant price of steel strip is to be
selected depending upon the type of armourning of the cable).
The variation factors shall be as under:
Size of 11 KV XLPE
AlF XLFAl SMIF CCFAl FeF
Cable
3C x 185 mm² 1.605 0.968 0.0943 2.406 1.113
3C x 240 mm² 2.099 1.074 0.1026 2.744 1.231
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PRICE VARIATION CLAUSE FOR MS Steel Items:
The prices offered by you in your tender for the supply of the above materials are accepted on ‘Variable’
basis (P.V. Base) for delivery F.O.R Destination. (Base date will be 1.09.2022)
The total value of the contract as per details shown in the Schedule "A" attached will be
Rs.6,59,91,735.20on F.O.R destination basis and Rs. 7,78,70,244.00on end cost basis.
Thepricevariation formulais asunder;
SBIR W
P = Po [ 0.11 + 0.66 ( ) + 0.23 ( )]
SBIR0 W0
Wherein,
P= Pricepayable asadjustedin accordance with theabove formula
Po= Price quoted/confirmed asper AT.
SBIR= Price of Steel Billets(aspublishedby IEEMA)
Thispriceisasapplicableonthe1stworkingdayofthemonth,Twomonthspriorto thedateofdelivery.
SBIR0= Price of Steel Billets(aspublishedby IEEMA)
Thispriceisasapplicableonthe1st workingdayofthemonth,Onemonthspriorto thedateof tendering.
W= AllIndiaAverageconsumerpriceindexnumberforindustrialworkers,aspublishedby theLabour Bureau,
Ministry of Labour, [Link](base2001=100).
Thisindexnumberisapplicableonthefirstworkingdayofthemonth.,4monthspriorto thedateofdelivery.
Wo=AllIndiaAverageconsumerpriceindexnumberforindustrialworkers,aspublishedby theLabour Bureau,
Ministry of Labour, [Link](base2001=100).
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Thisindexnumberisasapplicableonthefirstworkingdayofthemonth,3monthsprior to the dateof
tendering.
Note:-
1. Forthesuppliesmadeduringthecontractualdeliveryperiodandmatchingwiththe scheduled
dateofdelivery, priceshallbepayableinaccordancewiththePriceVariation formulaasper
purchaseorder.(With positive/negativevariation asthecasemay be).
2. Fordelayeddeliveriesbutwithincontractualdeliveryperiod,priceshallbepayableat lower of
thefollowing:
a. Workedoutwith indicesapplicable forscheduledateof delivery/month
OR
b. Workedoutwith indicesapplicable for actualdateofdelivery of material/ month
3. Fordelayeddeliveriesandalsobeyondthecontractualdeliveryperiod,priceshallbe payableatlower of
thefollowing:-
a. Workedoutwith indicesapplicable for scheduleddateofdelivery /month
OR
b. Workedoutwith indicesapplicable for actualdateofdelivery of material/ month
OR
c. Workedoutwith indicesapplicable for lastdateof Contractual Delivery period.
4. Thepreponedofdeliveryshouldnot beentertainedtoavoidtheinventorycarryingcost unlessitis
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extremely essentialfortheworkunder [Link],thepriceas worked
outwithindicesapplicableforactualdateofdeliveryofmaterial/month shallbe payable.
5. Thedateofdeliveryisthedateonwhichthematerialisnotifiedasbeingreadyfor
inspection/dispatchsubjectto conditionthatmaterialisreceived within15daysfor Gujaratbased
suppliers/ 21daysforout ofGujaratbased suppliersfromthedateof
[Link] receiptof material at storeistobe considered.
6. ThesupplierwillhavetosubmitallsupportingdocumentslikeIEEMAcirculars,PV Calculation sheetetc.
duly attested alongwith hisinvoice.
7. Theclauseatpointno.3willapplyonlyifthecompanydecidestoacceptmaterials beyond
thecontractualdelivery period.
For delayeddelivery beyondscheduledelivery date,thepenalty shall beapplicable as per
tender/AT terms&condition.
PRICE VARIATION CLAUSE FOR GI WIRE 8SWG, 10SWG AND GI STAY WIRE 7/12
The prices quoted by you in your tender for the supply of the above materials are accepted on Variable
Price basis for delivery F.O.R Destination. The prices are inclusive of packing and forwarding charges.
As the tender is invited on Price Variation Basis, read “PRICE” as Variable instead of “Firm”.
The price variation formula is as under;
P = Po/100 * (20 + 70 *(FE/FEo) + 10 * (W/Wo))
Wherein,
P = Ex Work price payable as adjusted in accordance with the price variation clause
Po = Ex-Work price quoted/confirmed by bidder
FE = Prices of High Tensile Galvanized Steel Wire in Rs./MT of appropriate size, This prices is
applicable prevailing as on the first working day of the month, Two months prior to the date
of delivery
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FEo = Prices of High Tensile Galvanized Steel Wire in Rs./MT of appropriate size, This prices is
applicable prevailing as on the 1st working day of the month, One months prior to the date
of tender opening
W = All India average consumer price index number for industrial workers, published by the
labour Bureau, ministry of labour, Govt. of India (base: 2001=100).
This number is as applicable on the first working day of the month, four months prior to the
date of delivery.
Wo = All India average consumer price index number for industrial workers, published by the
labour Bureau, ministry of labour, Govt. of India (base: 2001=100).
This number is as applicable on the first working day of the month, three months prior to the
date of tender opening.
Points to be noted with reference to standard delivery terms:
1. For the supplies made during the contractual delivery period and matching with the
schedule date of delivery, price shall be payable in accordance with the Price Variation
Formula as per purchase order. (With positive/negative variation as the case may be).
2. For delayed deliveries but within contractual delivery period, price shall be payable at
lower of the following;
a. Worked out with indices applicable for schedule date of delivery/month
OR
b. Worked out with indices applicable for actual date of delivery of material/month
3. For delayed deliveries and also beyond the contractual delivery period, price shall be
payable at lower of the following;
a. Worked out with indices applicable for schedule date of delivery/month
OR
b. Worked out with indices applicable for actual date of delivery of material/month OR
c. Worked out with indices applicable for last date of Contractual Delivery Period.
4. The preponed delivery should not be entertained to avoid the inventory carrying cost
unless it is extremely essential for the work under execution. However, the price as
worked out with indices applicable for actual date of delivery of material/month shall be
payable.
5. The date of delivery is the date on which the material is notified as being ready for
inspection/dispatch subject to condition that material is received within 15 days for
Gujarat based suppliers/21 days for out of Gujarat based suppliers from the date of
dispatch instruction. Otherwise actual date of receipt of material at store is to be
considered.
6. The supplier will have to submit all supporting documents like IEEMA circulars, PV
Calculation sheet etc. duly attested along with his invoice.
7. The clause at point no.3 will apply only if the company decided to accept materials beyond
the contractual delivery period.
For delayed delivery beyond schedule delivery date, the penalty shall be applicable as per
tender/AT terms & condition.
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PRICE VARIATION CLAUSE FOR MS BEAM
The prices offered by you in your tender for the supply of the above materials are accepted on ‘Variable’
basis (P.V. Base) for delivery F.O.R Destination. The prices are inclusive of packing and forwarding
charges.(Base date will be 1.10.2022)
The total value of the contract as per details shown in the Schedule "A" attached will be
Rs.12,00,38,601.00 on F.O.R destination basis and Rs.14,16,45,549.18on end cost basis.
Thepricevariation formulais asunder;
SBIR W
P = Po [ 0.11 + 0.66 ( ) + 0.23 ( )]
SBIR0 W0
Wherein,
P= Pricepayable asadjustedin accordance with theabove formula
Po= Price quoted/confirmed asper AT.
SBIR= Price of Steel Billets(aspublishedby IEEMA)
Thispriceisasapplicableonthe1stworkingdayofthemonth,Twomonthspriorto thedateofdelivery.
SBIR0= Price of Steel Billets(aspublishedby IEEMA)
Thispriceisasapplicableonthe1stworkingdayofthemonth,Onemonthspriorto thedateof tendering.
W= AllIndiaAverageconsumerpriceindexnumberforindustrialworkers,aspublishedby theLabour Bureau,
Ministry of Labour, [Link](base2001=100).
Thisindexnumberisapplicableonthefirstworkingdayofthemonth.,4monthspriorto thedateofdelivery.
Wo=AllIndiaAverageconsumerpriceindexnumberforindustrialworkers,aspublishedby theLabour Bureau,
Ministry of Labour, [Link](base2001=100).
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Thisindexnumberisasapplicableonthefirstworkingdayofthemonth,3monthsprior to the dateof
tendering.
Note:-
1. Forthesuppliesmadeduringthecontractualdeliveryperiodandmatchingwiththe scheduled
dateofdelivery, priceshallbepayableinaccordancewiththePriceVariation formulaasper
purchaseorder.(With positive/negativevariation asthecasemay be).
2. Fordelayeddeliveriesbutwithincontractualdeliveryperiod,priceshallbepayableat lower of
thefollowing:
a. Workedoutwith indicesapplicable forscheduledateof delivery/month
OR
b. Workedoutwith indicesapplicable for actualdateofdelivery of material/ month
3. Fordelayeddeliveriesandalsobeyondthecontractualdeliveryperiod,priceshallbe payableatlower of
thefollowing:-
a. Workedoutwith indicesapplicable for scheduleddateofdelivery /month
OR
b. Workedoutwith indicesapplicable for actualdateofdelivery of material/ month
OR
c. Workedoutwith indicesapplicable for lastdateof Contractual Delivery period.
4. Thepreponedofdeliveryshouldnot beentertainedtoavoidtheinventorycarryingcost unlessitis
extremely essentialfortheworkunder [Link],thepriceas worked
outwithindicesapplicableforactualdateofdeliveryofmaterial/month shallbe payable.
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5. Thedateofdeliveryisthedateonwhichthematerialisnotifiedasbeingreadyfor
inspection/dispatchsubjectto conditionthatmaterialisreceived within15daysfor Gujaratbased
suppliers/ 21daysforout ofGujaratbased suppliersfromthedateof
[Link] receiptof material at storeistobe considered.
6. ThesupplierwillhavetosubmitallsupportingdocumentslikeIEEMAcirculars,PV Calculation sheetetc.
duly attested alongwith hisinvoice.
7. Theclauseatpointno.3willapplyonlyifthecompanydecidestoacceptmaterials beyond
thecontractualdelivery period.
For delayeddelivery beyondscheduledelivery date,thepenalty shall beapplicable as per
tender/AT terms&condition.
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