TENDER NOTICE No. : PGVCL/RJT/Proc/2C x 4mm² LT PVC Cable/561 Amendment no. 2 Bidders are requested to note that following amendment is made in clause no 21 of “Schedule A” of the tender. The REVISED PV Formula of the tender is as under. 21 Please add & read clause no.10 (i.e. Prices) of commercial terms and condition of PGVCL Tender no. PGVCL/RJT/PROC/2Cx4 mm2 LT PVC cable/561 The price will be “Variable” instead of “FIRM”. The prices will be on price variation bases for Delivery F. O.R Destination. PRICE VARIATION CLAUSE & TERMS / CONDITIONS: The Price Variation Formula for Un armoured LT (1.1 KV) PVC cable of aluminium conductor is, P = Po + AlF (Al – Alo) + CCFAl (Cc – Cco) Wherein, P = Price payable as adjusted in accordance with above appropriate formula (in Rs./coil) Po = Price Quoted / confirmed (in Rs. /Coil) AlF = Variation Factor of Aluminium according to sizes of cable Al = Prices of LME Aluminum( LME Average settlement price including premium of ingot).This price is as applicable of first working day of the month, one month prior to date of delivery. Alo = Prices of LME Aluminum (LME Average settlement price including premium of ingot). This price is as applicable of first working day of the month, one month prior to date of opening of tender. CCFAl = variation factors for PVC Compound/polymer for aluminium conductor cable Signature of Tenderer Company’s Round Seal Date: Place: Page 1 of 3 Cc = Price of PVC Compound. This price is applicable on first working day the month, one month prior to the date of delivery Cco = Price of PVC Compound. This price is applicable on first working day the month, one month prior to the date of opening of tender Further, the date of delivery is the date on which the cable is notified as being ready for inspection/dispatch (in the absence of such notification, the date of manufacture’s dispatch note is to be considered as the date of delivery) or the contracted delivery date (including any agreed extension thereto) whichever is earlier. Notes: a. All the prices of raw materials are exclusive of modvatable excise/CV Duty amount and exclusive of any other central, state or local taxes. b. All prices are as on 1st working day of the month c. The details of prices are, 1. The prices of aluminium (in Rs./MT) is LME Aluminum( LME Average settlement price including premium of ingot). 2. Price of PVC Compound (in Rs./MT) of grade CW-22 The variation factors shall be as under: Size of LT PVC Cable (Unarmour) AlF CCFAl 2 c x 4 mm² 0.0021 0.0057 Conditions of PV (Price Variation): 1. For the supplies made during the contractual delivery period and matching with the scheduled date of delivery, price shall be payable in accordance with the price variation formula as per the purchase order. (With positive / negative variation as the case may be) 2. For delayed deliveries but within contractual delivery period, price shall be payable at the lower of the following: a. Worked out with indices applicable for the schedule date of delivery of materials / month OR b. Worked out with indices applicable for the actual date of delivery of materials / month Signature of Tenderer Company’s Round Seal Date: Place: Page 2 of 3 3. For delayed deliveries and also beyond the contractual delivery period, price shall be payable at the lower of the following but subject to PGVCL accept the materials: a. Worked out with indices applicable for the schedule date of delivery of materials / month OR b. Worked out with indices applicable for the actual date of delivery of materials / month OR c. Worked out with indices applicable for the last date of contractual delivery of materials / month 4. The preponement of delivery should not be entertained to avoid the inventory carrying cost unless it is extremely essential for the work under execution. However, the prices as worked out indices applicable for actual date of delivery of materials / month shall be payable. 5. The date of delivery is the date on which the materials is notified as being ready for inspection / dispatch subject to condition that the materials received within 10 days from the date of dispatch instruction. Otherwise actual date of receipt of materials at store is to be considered. 6. The supplier will have to submit all supporting documents like IEEMA Circulars, PV Calculation sheet etc. duly attested along with invoice. 7. For delayed delivery beyond scheduled delivery date, the penalty shall be applicable as per A/T terms. This amendment is to be duly signed and sealed and to be submitted along with technical bid. Other terms and conditions for tender remain unchanged. Chief Engineer (Material), PGVCL, Corporate Office, Rajkot Signature of Tenderer Company’s Round Seal Date: Place: Page 3 of 3