Calculation of ACP Rate for Secured Advance

Justified rate of the item : Rs 3502.34 /Sqm

Rate of material ACP in Justified Rate : Rs 1387.00 /Sqm A
Weightage of material in the item : Rs 39.6 %

Rate Quoted by the Contractor : Rs. 3,000.00 /Sqm

Rate Payable for ACP panel i.e (3000*39.6%) : 1188 /Sqm B
Market Rate : 1,300.00 /Sqm C
:
Rate Payable for Secured advance (Least of A,B,C) : 1188 /Sqm
 ACCOUNT OF SECURED ADVANCE
Division : Chennai Project
Sub-division : Division II
Name of contractor: : M/s RR Thualsi Builder's (I) Pvt Ltd Cash book Voucher No. Dated 06.03.2018
Modernization of Chennai Airport Phase-II, Chennai
Name of work SH : Connectivity of Metro Rail City Side and
Provision of Walkalators at Chennai Airport, Chennai
S.No. of the bill to which the Account pertains: 3rd RA BILL
Engg / ED-SR / SM(E-C) / Chennai / Walakalator / 2017 /01 Account of secured advances allowed on the security of materials brought
Reference to Agreement :
dated:16.06.2017 to me.

Reasons for
Reference to
Quantity Deduct quantity New Quantity Quantity outstanding Reduced rate non-clearance
Full rate as **Up to date Divisional
outstanding utilised in work Brought to site including quantity Description of on which of advance
Sl. No assessed by the Unit amount of officers written
from previous measured since since Previous brought to site since Materials advance is when out
divisional officer advance order authorising
bill previous bill Bill previous bill made standing more
the advance
than 3 months

1 2 3 4 5 6 7 8 9 10
1 5500.000 6421.780 7046.400 6124.620 1187 ACP Paneel Sqm 890.25 5452442.955

5452442.955
Total amount outstanding as per this account 5452443.000
Deduct amount outstanding as per entry (C) of Annexure to the previous
bill 4896375.000

Net amount since previoius bill (in words) 556068.000 Say Rs. 556068.00
*Entries relating to each descreption of materials should be posted thus in column 3. First enter the difference between quantities in cols. 1&2 then show below this entry the quantities if any
brought to site aganist which a further advance has been authorised their entries being prefixed by the plus sign. Finally strike the total of the two entries which will represent the quantity
outstanding.
*Entries in column 8 show the money values of the total quantities outstanding as per column 3.
*Certified (1) that the plus quantities of materials shown in column 3 of the account above have actually been brought by the contractor to the site of work and the contractor has not
previously received any advance on their security (2) that these materials are of an inperishable nature are required by the contractor for use on the work in connection with items for which
rates for finished work have been agreed upon, and (3) that denture of secured advance has already been excuted.

Dated signature of officer preparing the bill (Rank)__________________

**Dated signature of officer authorising payment (Rank)________________

*These certificates must be signed by the sub-Divisional or Divisional officer.

 Reasons for
Reference to
Quantity Deduct quantity New Quantity Quantity outstanding Reduced rate non-clearance
Full rate as **Up to date Divisional
outstanding utilised in work Brought to site including quantity Description of on which of advance
Sl. No assessed by the Unit amount of officers written
from previous measured since since Previous brought to site since Materials advance is when out
divisional officer advance order authorising
bill previous bill Bill previous bill made standing more
the advance
than 3 months

*These signature is necessary only when officer who prepares the bill is not the officer who authorises the payment is such a case the two signature are essential.