SUPPLEMENTARY AGREEMENT TO CONTRACT AGREEMENT

The Supplementary Agreement made on the 04th January 2022 is in the CONTRACT AGREEMENT for
“Construction of 1X45 M Span Bridge including its approaches at KM 130.230 on NH-301 Kargil –
Zanskar Road in the UT of Ladakh on EPC Mode.” [under NH(O). (Job No: NH-301-J&K-2018-19-67)
signed on 25.11.2020 and subsequently its Tripartite Agreement signed on 06.01.2021 at Leh-UT of
Ladakh.
BETWEEN
The National Highways & Infrastructure Development Corporation Ltd. (here in after called
“the Employer” of the one part and M/s M/s Hafiz Construction Co. Pvt Ltd, M.A., Link Road,
Munawardbad, Srinagar, J&K - 190001 (here in after called “the Contractor”) of the other part.

AND WHEREAS, It has been mutually decided and the contractor has agreed to-

i. Formula set forth at Clause 19.10 (iv) (d), Article 19 of the Contract Agreement shall be read
as

VRW=0.85RW x [PL x (LI-LO)/LO + PA x (AI-AO)/AO +PF x(FI-FO)/FO+PB x(BI-BO)/BO+PM

x(MI-MO)/MO+PC x (CI-CO)/CO+PS x (SI-SO)/SO]
Where,

VRW = Increase or decrease in the cost of road works/other works during the period under
consideration due to changes in the rates for relevant components as stated in sub-
paragraph (e).
VBR = Increase or decrease in the cost of Major Bridges and Structures during the period
under consideration due to changes in the rates for relevant components as stated
in sub-paragraph (e).
PB, PC, PL, PM, and PS are the percentages of bitumen, cement, labour, other materials,
and steel/components (including strands and cables) respectively for the relevant
item as stated in sub-paragraph(e).
PA is the percentage of Plant, machinery and spares component for the relevant item as
stated in sub-paragraph (e).
PF is the percentage of fuel and lubricants for the relevant items as stated in sub-
paragraph (e).
AO = The wholesale price index as published by the Ministry of Commerce &Industry,
Government of India (hereinafter called “WPI”) for “Manufacture of machinery for
mining, quarrying and construction” for the month of the Base Date.
AI = The WPI for construction machinery for the month three months prior to the
month to which the IPC relates.
BO = The official retail price of bitumen at the nearest refinery at [Panipat], on the
Base Date.
BI = The official retail price of bitumen at nearest refinery at [Panipat], on the first day
of the month three months prior to the month to which the IPC relates.
CO= The WPI for Ordinary Portland Cement for the month of the Base Date.
CI = The WPI for Ordinary Portland Cement for the month three months prior to the
month to which the IPC relates.
 FO = The official retail price of high-speed diesel (HSD) oil at the existing consumer
pumps of Indian Oil Corporation (“IOC”) in the UT of Ladakh on the Base Date.
FI= The official retail price of HSD at the existing consumer pumps of IOC in the in the
UT of Ladakh on the first day of the month three months prior to the month to
which the IPC relates.
LO = The consumer price index for industrial workers for the UT of Ladakh published by
Labour Bureau, Ministry of Labour, Government of India, (hereinafter called “CPI”)
for the month of the Base Date.
LI = The CPI for the month three months prior to the month to which the IPC relates.
MO= The WPI for all commodities for the month of the Base Date.
MI = The WPI for all commodities for the month three months prior to the month to
which the IPC relates.
SO = The WPI for Mild Steel –Long Products for the month of the Base Date.
SI = The WPI for Mild Steel –Long Products for the month three months prior to the
month to which the IPC relates.
IN WITNESS WHEREOF the parties here to have caused this Supplementary Agreement to the
original agreement to be executed the day and year first before written, signed, sealed and
delivered by the said Employer through his Authorized Representative and the said Contractor
through his Power of Attorney holder in the presence of:

SIGNED, SEALED AND DELIVERED SIGNED, SEALED AND DELIVERED

For and on behalf of For and on behalf of

(Mr.Rajeev Kumar (Retd.) (Mr. Tariq Ahmad Hafiz)

Executive Director (P) (Authorized Signatory)
NHIDCL RO-Ladakh
M/s M/s Hafiz Construction Co.
Pvt. Ltd., M.A., Link Road,
Munawardbad, Srinagar, J&K -
190001
In the presence of In the presence of
1. Name: 1. Name:

Address: Address:

2. Name: 2. Name:

Address: Address: