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CIDA Formula Method

[2nd Edition – June 2008]

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Nethukal Tharindu
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494 views58 pages

CIDA Formula Method

[2nd Edition – June 2008]

Uploaded by

Nethukal Tharindu
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF or read online on Scribd
Construction Industry Development Authority (CIDA) CIDA FORMULA METHOD FOR ADJUSTMENTS TO CONTRACT PRICE DUE TO FLUCTUATION IN PRICES CIDA Publication No CIDA/10/07 Second Edition = June 2008 First Edition ~lanuary 1993 Revised Edition ~ September 1998 Second Edition ~ June 2008 CONTENTS ‘CONTENTS INTRODUCTION ABBREVIATIONS, SECTION 1 ~The Formula Method for Contracts Fxceeding Rs. 10 milion SECTION 2 ~The Formula Method for Contracts Not Exceeding Rs, 10 million (Simplified Formula) ANNEXURES | ANNEX A= A Suggested! Method for Computaon of Input Propotions ANNEX - Specimen Calculation Shet for Montly Price Fluctuation Claim ANNEX C —- Example for Computation of Prie Fluctuation for Works Exceeding Rupoes Five Million (Rs. 10m) ANNEX D-— = Example for Computation of Price Flaetuation Using Simplified Formula (Im eps exer xb im depth exer riches im doth IRemoveencoate mater mse Har cor iting and compaction \c- CONCRETE WORKS [som hick cone 1:4-(Onn) under ol fotings 1mm thik cone. 13:60) under rp fos sim thick cone. 1:8: 25) for Noor JRC 1:24 n col fotings Sect At Sete exe ROOT coum apm Tor lot Tie000H] 55.000 Jerr tcc 1.2: column fom 1 Ror eel t03f ms | tisno0) 1938009 Jers ficc 1.2 fr 12Snm ek * ors mm | 130000) 33-7009 Jers fice 1.2 fr or bans ts | 1os00ao] vase Josie 1.2: nln grand or m3 | iasonae) soa. Fea} 2: insnie nding 13 | tazo0a0) —ataeo.0o lca |fomert sds of sctunn fangs m| 5000] dood lca |fomvrt oss of cunn fm pound to oc eal 2 | exoao] —:7m00 lca |For side of slums to or root m2 | r00a0] — 1.m09 Joos [nemo ost oft eer sb | coon] artetoo 28 lfomwor oie an oi of oo bans nz | 72000] 1000.09 6 [emo ose and sof fits m | tooo) 2xis2.09 car |foommrtostaeae mz | 1s0ao]saszs9 1 [dm er Stel in fandaons fe | 11300] ase 2 | mm Ter Stel in colons ie | 11500] 2x2 on Tor sain or sb ie |, 11800] saa :c4 fromm Yor Stet tnels ‘\ soo] 19,550 mn Ter etn tease \ 2000) 2100s cor fin Tor Sein coke e\|\\42000] 350009 cs fim Torsten oor beans fig 12000) 2100000 Je fom Mid Stsin cokes fe | 1500) asso Jccofnm sid Stsin oor sab te | 1500) «21009 ero en rh xe | 11800] 000 Eesienmuananions wef 11500] ssn Jcc1sfomm mi Set =a | % ke | 11500] 3,220.0] > sasfeeed whee os Pina tn m3 | 20000] son sco.0o 222m on 3 omens om DPC wow tm | 150000) 12348000 03. asm charm DPC "oro ot mma | 140000) 310009 bs. ram rick werk rm DPC tt or n> | mood azanca >+ fastastm rik workin coum om DC st m | 75000) 75.10.00 los fick Dein 2 cement maen m2 | S0000) —statoco form tick ik peving wit comet cad mortar mma | 40000] to2ae0.oo lz-poons ax wixnows Jer Jor ore prod dor 900x240mm wih 1037 fame ow | 1420000] 2380000 e2_|o2 op powood dor 90st wi 1047 tame mw | 1430000] ro0neo 3. |b8 ope powood dor 200240 wh 1047 frame te | 800000] soon. Jet [Attn gad widow ye W300 0mm a | 382c0.00] — zx eo eS [avin se window ype W2 sie 9001800 tr_[ 290020] _Scoon.00 26 I 2 hs hs is lis lar lis his 10 it lc- CARPENTRY WORKS W\\ \N In- PLUMBING WORKS 1/2 da PVC pipe ype 1000) asco} m | 10000] [4 dia PVC pe ype 1000) ascal_m | so.) ia PVC pipe ype 1000) soca} m | 200.0) 1 12 dia PVC pipe ype 1000) 1000] m | 250.09 [2" aia PVC pipe (ype 1000) 2000) m | 130.00 axe" PYC reducer 8] we | cooo| 2a" PVC ee of | s0.0 hrxt" PVC rdicer sf mw | «5.0 jvant" PvC reducer s| ow | 00] axt* PVC tee s| aw | 100.0) Jaxt" PVC tee 3] | 12000) rz [2 Pvc ebow ol m | 2500] Shea sa fe pescurnon on [or] mare | sour Te aan Gat Woy ope Wr TOO TP oe tan) [Amnon edwin geese 2sesonmm |) wr | ake] 78.00. [Amin ded winaoy pews oncaoien | we | emo] an. [Atm gv ope Wes otaoinn || | tog] "so. eo [amon ged vinw ype WT gastoctonm | | w | ‘eas| ‘hoon Err [amin ge vnow pe Wt intstxttonm | | we | ssmoa] 3s r-no0¥ won [corpo eititertemstaswott | was wa | ‘Adio usm > copes tees eren intr tanein ireat | ea] mz | sna) 2.200 [> |Lcteeltmmnt gmt on ses] ma | 1000) Rae r+ etn sea rr oat] wa | seb] Recon es er grad ort ral m | som sna ie tort aor) m | aco] satan rn we ly gtr Seo] m | aero] enor. Le [snmcsnm sect tirgendtexroat | axa] m | aston) t-mn0 > [tonne bn oo S30] as{\ sone] rons fio sma onervcenentremasner | ae] f \se] soa 11 fisonm wide square ope PVC utes fr oor -f\ 380b4) mi N,so.00] 17,550.00 Jri2 Jove down pes AG \ziel mf Asoc) coco 3.00.09 3.15009 10,0000 2,300.00 5.00.09 san.| sea] sasaql sone 00.09 «600.09 soc.) PVC cow hi | evcetow his i2Pveetow his prvcatom itr finan evel ose i |Sonay ant npr! ws sin fit [Sop an ngs geting pn fz [Suey ant x npn at sing ite It aration 2a [19nd us is ase nat [insane as |p nt paper te fie fn ccm [baron ier fs leanne ee 0 [at visor! om te nr nk -peainacr works Is [Sorerwatmcnesncassraion \CAK\ OS J» femmes \ Ah \ : |s xssonen\\ \\ ‘w | S000) 4o,oa0 -f-f= |elelofelalal 4 Ta I TF TTCTAD Sheet AS Tot? nna sod a ve and 3 we q monde 3 i : 5 4 2 Amex A ‘Sheet As Tot? ESET IOOTRE [OTE SWE TOT ESE are ore pave oT THRO WOT ieelatasl a fT — ar ae == oo we prep Ta | re ore arma = aaah Sar ee TERT J > “smopulm pazee Uae aro wa fee Soar FT we wT See aa fear “malar arr rer aa foe aa] ¢ aaa aoe [ar Ff STE amt tae oad Sonar | Cea [TOOT caraera| WR], wea foo cere TEESE] ro wa Tei wee STOTT wae we fe wre | wer | We saa ¢ | 2 ws a a = = ~ =] es. = me Fle trie ow Tit rere sete | 60 oe Pov ETE Ele 13 Pitt | SUMAN 40 ALLNYNO 6 contd.) QUANTITY OF INPUTS (esse aT Ta nn FRE ‘wane nd ql 3 4 |; on ‘ ; vane FALE aout a] 3a q cnond a 3 2250] 1136] 1058 05] 296809 eo Ta Anwex A Sheet A7 mr enter Za Ke a RE ST aT SLT Wer SORE HTT HOTT TE STS RT Tae SET RE RTC | — SETA S& oat ae [ORT ORAL | OSSETIA a ‘sera | capone | anew | im coe veauy on umuny| “eves | wee | “ale [awed | ot | vaio Nmer | "mol" | women lo sve wo3es ak Hoa SiblnfGo 1800 RTT) CT Hi scrspsoewut arian - ae Sheet at cost oF meurs a ay [om] pee | anon | Toor TEA Ran oT ne _| seurt 7 eanenr Taete| tg | row | con 76 | cone 5 2 [me autie zeoan|_ot | som000| aee000 | ceoo0n00 a | we ues zus7] «| eonco| —— sos “ai Taaot40| tas0so40| [ena wied]_«t [aiom| 20525 | 2070525 | mo face ‘iezee| ne | 6001.51 e0| eo125100 [pe [ie fine zesscel tg | —cooo | rrzaiaeo| r77ess00 7 | wis fats 07201 ig | 106.00] 204 56.0 | 25472800 [mie pstsoe cot | —10snael ot | a6 00{ oa. 25| 4a 1025 | ze pve pee fom sonocr | ssoaroso| 13847059 1 [wes [tenes | —p280| wt | 12760 P zeae so 12 [wes [ow singe zal oe [17500 e260 13 | wos [eee wig om Aes a bono 4 [war wot pat seara]_w condo) otzenso | 22120080 16 | wae [Foe ie s2a.7o|_ ni | iodo | \erc00| 14,570.00 [ie [was four ue sage] [Vind esszaoo| exsaxco “7 [wos fcowospanen [> ohothig T] Teibab] —s550000] —a5.20n00 12] mse muna] C | nan [s43s0a75 | ane. [ss fess ee | \ ti sora [273000 | 2972.00.00 =| fastens [Calan Lena soa PE em aera sr 1 \S a3 aeajr a] tana sorse a |e [pniaiadetoa dey [000] omase Tota “osrasno7 | oszessor 22 er lena euipren | aaa] [wooo] zerseo| zaraueo 23 [pz Wowey caverns] enzo] Wy | tas000] en257.00] 08.2970 *Pren« one moth ra emis ft 29 Shoot. a9 CONTRIBUTION OF INPUTS TO THE COST (Showing the amount with respect to each input) We] 1170 ain | Nae tpt ‘amount | Percerage 4 wm —_[oemen eeeecras| 1230 % 2 us |ruvoie 2000.00 60% 2 we fee 1401240 17% 4 wa [sana 428,525 391% 5 Mo [avi 3125100 ow % 6 mia [ume ‘7791360 241% 7 wrod 0475600 409 % @ mie pabeaoes oot ‘uane25 | _az77 w o | Cpe sosivods|\ \ 192 % 10 122 [Genera timber {e.1203| 4.06% at 1y29 [timber prosuas 2aergo |” 040 9 2 | as foe w mings \ oys250 0.09 %. 3 mas __|etecticalyiig \_\_\_\ NP" 94,090.00 132 % 4 wor [wat point \o“\_\ 231,208.50, 321% 15 320. Jetoor we \ 441,:70.00} 4.96% 16. uaa fivatte 93;:24.00 1208 % a7_| “was \_\couees pament 4560.00 083% 19 | to3 famine wor 9.59375, 22 % 10 | now [etetia togs 2318000 329 % m0 11 tie tbour zoasenso| 1780 21 12 fursaasabour soozesaor| 1522 [2 | pt [sma equement za7440 as % 2 2 [ear equipment 2825700 122 ToTAL ratasesat| 10000 % ser routs wn Anes Sheet 10 CONTRIBUTION OF INPUTS TO THE COST {After elominating of inputs for which the contribution is less than 0.60%) ve [16109 aun [name otro roint | Parconage i Ma [Cement 678 Te 2 115 |rubote 72,000.00 327 % 2 7M *24.003.40 156% 7 174525 328% 5 wo [one 981,251.00 ax % [os iz [ume ‘7,543.60 224 % 7 wa (Rater 204756.00[ 371%. 8 nse |psbetoes cot s.ti0 433 % 8 120 pve pipe a. a7: 1m % 10 N22 [Genera timber rausdod|_) 0.96 % rn Mas | Bectial wring 80 50 110% 2 mer__|watipant__\ \_\ 23120050 201 % “2 mzz— |reortw o\ | |_| | 1a.570.00 178% 14 mca fais _\° \* 93,3240 AAT % 16 [was deel pals” 15,98000 usr 16 ge | Paumium wan 448,568.75, 584% a7 [a ie [eet tings 237,180.00 2.08%. 1 [ur fot asour 420419792 16.15 % 19 [0 ts [Unter asour 1,097.95307 1381 % 20 2 [Heavy equipment 8,257.00 4% SUB TOTAL * Taske70st 2000 % ‘oRano TOTAL ** a “The SubTotal amount of Re, 716467051 ls considered 8 90% ofthe cost ** once, Grae Total is computa by muliphing the SubTotal by a acer o (10080) Aix a Sheet At) FINAL INPUT PROPORTIONS FOR THE CONTRACT Ter an |New tet Fant ut [oemen messes] 198 we few zeogove0| 327 % fu ‘ogoenco| 158% ys __[sano woans75| 599 % a foc setasieo| a2 % wie fume wriaeaso| 226 ia fers! aosreeco| 371 % ie pasestos ot “| anas2026[ a 120 ove poe ssarosa |) | 4rd 2 |General timber 76,112.00 \ Mas [ectcal wing epda0| | 27 [Wall paint iy zz [root we \ atric 170% 13 Wat te a YY teazeno| 7 mss [coteurot pigment 45,960.00 087 % 1136 _— Jon wor vuasoa7s| 564 % cal fees nang zu7.1s000| 290 % Lt foe abe iaeisersa| 16.15% 1s fini avr sgorssaor| 1961 £2 ony equement se2s7r00| 111 % 2000 % 40 50 ANNEX 8 ‘Sheet of SPECIMEN CALCULATION SHEET FOR MONTHLY, PRICE FLUCTUATION CLAIM Price adjustment computation forthe valuation No, Previous Valuation a Date b. Cumulative value of certified work done © Costar material a site 4. Cumulative cont of non adj Current Valuation a Date 1b. Cumulative value of cenfied work done. © Costof materials delivered to site Rs, 4. Cumulative cost of non adjustable element Rs. © Indice applicable for current valuation ‘Computation of V-Viu. < * “nonthivear) (ab +3e-3d).(20-+26-24) ANNEX B ‘Sheet? of 60° Compuaton ot Fall ash (reterthe table below) 10 Price Adjustment for the Current Valuation F ‘Step 5x Step 6 80 The above sum should be subjected to payment of VA'T as any ler payment made the contractor Specimen caleulaton sheet for step 6.0 — z 3 a 3 ‘Name oF input | Input percentage | Base index | Current Index | Px tae Ixb) @) a) (a) xb ‘Total Sum ANNEX Sheet C1 EXAMPLE FOR COMPUTATION OF PRICE FLUCTUATION FOR WORKS EXCEEDING RUPEES TEN MILLION RS. 10M) ‘The example given below illustrate the computation of price fluctuation for two interim bills, The data given below includes the General Contract dita required for computations and the details of interim claim Nos. 1,3.& 4. CONTRACT DATA “Total Contact Sun Re, 15,617281.26 Date of Closing Bids 12-Feb-2007 Date of commencement of Works (-May-2007 CLAIM NO.1 Date of Submision os-uly 2007 ‘Value of Ceriied Work done (eumlaive) Rs 1248634.51 0% of Cost oF Material at ste Re, 50.000.00 ‘Value of Nomadjustable Element cumulative) | Re 90 00.00 CLAIM NO.3 Date of Submision O7-Aug-2007 ‘Value of Cerified Work done (eumulaive) Rs, 5.702.864 0% of Cost of Material at ste Re, 70.00.00, Yalucof Nomadjusable Element (cumulative) | Re 99 500.00, CLAIM NO.4 Date of Submision 8:Dee2007 ‘Value of Cerified Work done (cumulative) Re B61251.54 80% of Cost of Materia at ste Rs +40,000.00, ‘Value of Non-adjustable Element (cumulative) Rs. —_ 108,335.00 ‘Computation Sheet (Cam No. 01) 10 20 30 40 60 10 Price adjustment computation forthe valuation No. Provous Vaation Dae b. Camulave valve oferta work done € —Costof material at ste 4. Cunulaive value of nonagjstle clement ‘Curent Valuation a Dae 1b. Cumulative value ofeotified work done © Costof material at ste <4. Cumulative value of non adjustable element ‘Month applicable for Current Indices Month applicable for Base Indices Computation of V = Vag V- Va = (3b + 3e- 34)2b +20 -24) 96 «Vd 100 Computation of ZX Adsl ts (See Sheet C3) Pie Adjustment Fr the eure valuation FeStep 5x Siep6 = 1167058240 on NA NA NA NA s.Jly-2007 Rs, 1.288.664) Rs, $0,000.00 Rs, 90,000.00 May-2007 Jen-2007 Re, 1,208,341 Rs 11,670.88 2.40 Rs, 28,009.39 Anas Sst C3 CComputston ot EP, Ulncla) for Claim no ot “co Tap Wasa] Coro DRT tmputno | Namwotint | 1) | td to | Ballad tamn7_ May-07_ ic} ma —[ cement ‘iol osaal as 204 we | pvewe az] aero| 084) | 7 | Mos sof 2009] a2sal on ua _| sand 25] twsos] race | wo | onex exal rel rea co. ia | une zz atodl an ox wa | etaoe! a7] 204e| oa Mi6 | Asbestos oot 433|___ 22371, | asd] 0.30 woo | PVC powvets ara aor ar 0] wmzz_| Genera Tinber ooo] AL otal C_\sha] 003] moe | — ec! wring gaol \ Moaiel soe 0.5 wor | wat pat doit \ Vatoal anal oe) M32 Flore adel aaa 49. 8] was | wanes \ ty [YW jus 2202 251.) ord Mas Coliue fiaryenk_(. o.57| 225.) 226.3 0.00] use aAumipe wot] seq] aor. 203.) ood) woe |B Pts zoel eos 2a) 03) tr | Sate our res] 2904 205.| os a | unser ‘aei] wo aid a p2__| Hea eqvement sri] aseal anos | sna] sum ad Computation Sheet (Ct No.0) 1.0 Price ajustment computation forthe vaustion No 20 Previous Valuation 2 Date b. Cumulative valve of etd work dane Cost of material at site 4. Cumulative value of nomadjstable element 30 Curent Valuation a Date 1b. Cumulative value oF ertified work done & — Costof material at 4. Cumulative value ofnon adjustable element © Month applicable for Current Indices Month applicable for Base Indices 40° Computation of V - Vo V-Vae= (b+ 3e- 3A} (2b + 26-24) 5.0 0.9660 = Vad 100) 60 Computation of ZX rodestad to (Gee Sheet C5) 1.0 Price Adjustment forthe cutent valuation Ps Step 5x Step 6 = 3007691 x 495 Re, Rs Rs, Rs Rs, Re, Rs. Rs, 07-Aug-2007 5,702,864.53 7,000.00 90,500.00 18.D20-2007 804,251.84 40,000.00 108,335.00 Sep2007 Jan-2007 311358201 30,076.91 495 148,880.70 Annes Shes C4 Sheet CS Computation of XP y(Unzla) for Claim no 04 . ‘00 Trp] Base der | Coren dar . Input No Name otinpat | (Py) cn) ) Palla) siovor_| Sepa 5 ma | coment vise] ssa. ea. 02 me | runbie a27|___seral aot. 3] [tot 1s| __200| zr. coal we__| sand sso] a0 ars.) on wo | erick xx] el 164 -0.09| m2 | ume. 22 staal sat. 0.16] mia | ret stot sii] 2oal ar] sd Mie ‘Asbestoes root 433] 2237| _. | dadal 0.43] mzo_| PVC products we 0.04 za | General Timber ¢\psas| “2.01 zs | _ eetica wing 355. ou 5 nor_| watpant 424| og moa | Feortie 63.) od mss_| Wat sai) 49} M36, cobur 2274) 2.00) 96 | Aluminiut wor 298.0} 0.0] use|. 6 Fangs saa.) oa ur] 6 Ses tour 299 oi 13 sie abou 335. 86) P2 Heavy equipment 264.| a2 sum 49 Annex ANNEX ‘sheot DI EXAMPLE FOR COMPUTATION OF PRICE FLUCTUATION USING SIMPLIFIED FORMULA (

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