FORMULA FOR LABOUR COMPONENT Clause Samples
POPULAR SAMPLE Copied 4 times
FORMULA FOR LABOUR COMPONENT. V1 = 0.85 x P x K1 x L1 - L0 100 L0 WHERE V1 = Amount of price variation in Rupees to be allowed. P = Cost of work done during the quarter under consideration Minus the cost of Cement, steel., and bitumen calculated at the basic Star rates as applicable for the tender consumed during the quarter under Consideration. These Star rates are specified here Star Rates (1) Cement - Rs. 5800.00..
FORMULA FOR LABOUR COMPONENT. V1 = 0.85 x P x K1 x L1 - L0 100 L0 V1 = Amount of price variation in Rupees to be allowed. P = Cost of work done during the quarter under consideration ▇▇▇▇▇ the cost of Cement, steel., and bitumen calculated at the basic Star rates as applicable for the tender consumed during the quarter under Consideration. These Star rates are specified here
(1) Cement - Rs. 5800.00 Per M.T (2) Steel TMT - Rs 46000.00 per MT K1 = Percentage of Labour Component as indicated above. L0 = Basic Consumer Price Index (New series)for Nagpur centre average consumer price index for the quarter preceding the month shall be in which the last date prescribed for receipt of tender falls. L1 = Average Consumer Price Index for Nagpur Centre for the under Consideration. quarter