1) Refer Clause 10 Of CPWD - GCC for calculation of Escalation
In addition to this following information will be helpful to you 2) Escalation shall be applicable for the entire contract Period including extended period. 3) Escalation shall be claimed & settled provisionally based on PTI index, which will be suitably corrected when the index figures from RBI are available. 4) Payment towards escalation shall be computed and paid as per the formula every month along with monthly progress bills. 5) Visit following for whole sale price index. http://eaindustry.nic.in/ E = 0.85 V X 0.4 (L1 - L0) + 0.55 (M1 - M0) + 0.05 (D1 - D0) L0 M0 D0 Where, E = is the escalation amount payable V = is the gross value of work done during the period under consideraion L1 = is the minimum statutory wages for an unskilled labour as applicable in state for the month under consideration L0 = is same as above but as on the date of the offer. M1 = is All India Wholesale Price Index for all commodities ( Groups & Sub- groups) for the period under consideration as published in RBI Bulletin. M0 = is same as above but as on the date of the offer. D1 = is retail price of diesel at the nearest petrol bunk for the period under consideration D0 = is same as above but as on the date of the offer. Indices on the date of the offer Indices for the period under consideration L0 75.68 L1 82.15 M0 160.7 M1 164.7 D0 24.82 D1 25.38 V = Rs. 30,735,868.96 E = 0.85 X Rs. 3,07,35,68.96 0.4 (82.15 - 75.68) + 0.05 (164.7 - 160.7) 75.68 160.7 + 0.05 ( 25.38 - 24.82 ) E = 24.82 Rs. 1,280,536.79
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