Ministry of Finance and Planning appointed a Committee to make recommendation on issues related to price escalation on Bitumen and Aggregate. The Committee has recommended as follows:
Bitumen
Constractor to be paid for all interim and final claims
either
· the actual cost incurred by them, additionally, on Bitumen, based on prices published by ICTAD
or
· the payments calculated as per ICTAD Formula, using Index M30
whichever is higher.
This decision is applicable only for the contract for which the old indices for Bitumen have been used as per theICTAD price fluctuation formula in calculating the price adjustment.
机器翻译就不要来忽悠了,谢谢。