PRICE ADJUSTMENT TABLE

FINAL INTERIM PAYMENT CERTIFICATE

Project Construction of 12 School Building Complex in Gorkha District of Nepal

Contract Id No: ESRP/MOE/CLPIU/074/075-Gorkha- 15 *
Employer NRA,Central Level Project Implemention Unit (Education)
Contractor Sharma- AM JV
Date of commensement:
Date of work completion:
Agreement Date: 17th September 2018 Date of work completed: Completed
Date of measurement:
Price Adjustment Formula: Pn= A+b*Ln/Lo+c*Mn/Mo+d*En/Eo Agreement Amount (Without VAT and PS) 545,525,086.76
Where, Provisional Sum 4,000,000.00
With PS and VAT 620,963,348.04
A= Adjustment coefficient for non adjustable Portion b= Adjustment coefficient for Labour c= Adjustment coefficient fd= Adjustment coefficient for Equipment
Lo= Base Rate of LabourMo= Base Rate of Materials Eo= Base Rate of Equipment
Ln= Current Rate of LabMn= Current Rate of Materials En= Current Rate of Equipment

Base Date Current Date Constants & Coeffecients Indices Published by Nepal Rastra Bank Received
IPC Bill Price Price
as of SCC/PCC Adjustment in Net to Receive
S.N. IPC No. Amount without Adjustment Adjustment Remarks
Base Cost Indices Current Cost Indices Factor (Pn) Previous Now
BS AD BS AD PS Factor (Pn-1) Amount
A b c d Lo Mo Eo Ln Mn En Claim

L=(B+C*I/F+D
A B C D E F G H I J K M=L-1 N=A*M O P=N-O
*J/G+E*K/H)
1 IPC-01 23-Mar-18 15-Feb-19 131,465,474.04 0.15 0.25 0.40 0.20 437.90 102.90 101.10 474.70 107.10 109.10 1.053 0.053 6,967,670.12 - 6,967,670.12
2 IPC-02 23-Mar-18 23-May-19 124,014,150.03 0.15 0.25 0.40 0.20 437.90 102.90 101.10 476.30 108.40 109.10 1.059 0.059 7,316,834.85 - 7,316,834.85
3 IPC-03 23-Mar-18 23-May-19 57,774,505.19 0.15 0.25 0.40 0.20 437.90 102.90 101.10 476.30 108.40 109.10 1.059 0.059 3,408,695.81 - 3,408,695.81
4 IPC-04 23-Mar-18 21-Aug-19 58,309,449.29 0.15 0.25 0.40 0.20 437.90 102.90 101.10 476.30 108.40 112.80 1.066 0.066 3,848,423.65 - 3,848,423.65
5 IPC-05 23-Mar-18 15-Nov-19 33,239,986.95 0.15 0.25 0.4 0.2 437.9 102.9 101.1 476.3 108.4 112.765 1.066 0.066 2,193,839.14 2,193,839.14
6 IPC-06 23-Mar-18 15-Jan-20 39,777,483.39 0.15 0.25 0.4 0.2 437.9 102.9 101.1 476.3 108.4 112.765 1.066 0.066 2,625,313.90 2,625,313.90
7 IPC-07 23-Mar-18 18-Feb-20 35,346,846.59 0.15 0.25 0.40 0.20 437.90 102.90 101.10 500.84 103.14 112.98 1.060 0.060 2,120,810.80 - 2,120,810.80
8 Final IPC 23-Mar-18 15-Jul-20 57,000,000.00 0.15 0.25 0.40 0.20 437.90 102.90 101.10 500.84 103.14 112.98 1.060 0.060 3,420,000.00 - 3,420,000.00
Grand Total 31,901,588.27 - 31,901,588.27
Received upto IPC-06 (26,360,777.48)
Net to Receive Now 5,540,810.79
% of CPA wrt Contract Amount 5.85%
Note :
1) Index used as per published by NRB
2) Adjustment Coefficients are finalized with CLPIU and used.

Prepared by contractor Checked by Consultant, DSC Verified by (Engineer), DLPIU Recommended by DLPIU Chief Forwarded by CLPIU Approved by CLPIU, project Director