S No Concession Covenant

13 Financial Close

Cl 22.1.1

14 Bid Project Cost

Cl 23.2
Details
§ Financial Close to be achieved within 150 days with an extension
of 120 days @ 0.05% penalty on PS and additional extension of 95
days @ 0.1% penalty on PS

§ Other Concession time period is 180 days with an extension of

120 days @ 0.1% penalty in PS
§ Bid Project Cost will be the Project TPC as on Bid Date
§ Project TPC at Appointed Date will be revised from the amount at
Bid Date by the variation in Price Index from Reference Index Date
immediately preceding the Bid Date and Appointed Date

§ Reference Index Date is the last date of notification of Price

Index preceding the event
§ For every month subsequent to Appointed Date and at the invoice
date the Bid Project cost will be revised to the extent of the
variation in Price Index from Reference Index Date immediately
preceding the Bid Date and Invoice Date