Sr. NO.

Date of Expenditure Quantity Base Price Price in that Month Price Variation Amount

The increase or decrease in the contract price subsequent to any increase or decrease in the cost of high
speed diesel shall be calculated from the increase or decrease in the basic price of high speed diesel
using the following formula:

Price Variation Amount =α x VOW x (CPD-BPD) / BPD in contract price.

Where:

VOW= the value of the work for which payment has been certified by the Engineer-in-charge,
executed subsequent to such increase or decrease in the Basic Price as shall be obtained by
applying the approved unit rates and prices entered in the measurement book.

CPD= Current price of high speed diesel, and

BPD= Basic price of high speed diesel.

Factor α=0.15 for Highway / Road works &

α=0.07 for Buildings and R.C.C structures &

α=0.07 for Irrigation Works

11) The increase or decrease in the contract price subsequent to any increase or decrease in the cost of
labour shall be calculated from the increase or decrease in the basic price of labour using the following
formula: Increase or decrease= x VOW x (CLR-BLR) / BLR in contract price.

Where:

VOW= The value of the work for which payment has been certified by the Engineer-in-charge,
executed subsequent to such increase or decrease in the Basic Price as shall be obtained
by applying the approved unit rates and prices entered in the measurement book.

CLR= Current labour rates for unskilled workers (as placed on website of Finance Department).

BLR= Basic labour rates of unskilled worker on the date of receipt of tenders (as placed on
website of Finance Department)

Factor β =0.15 both for building & road works &

β =0.15 for Irrigation works