Quoted Capacity Charges after duly escalating
the Quoted Escalable Capacity Charge on the basis of the
escalation rates specified in Clause 3.3.1.3.
The Quoted tariff ... Financial Bids, the Quoted
Escalable Capacity Charge of each Bidder shall be uniformly
escalated as per the inflation / escalation rates mentioned below.
For the actual
used in this Statement with the meanings
specified:
A construction contract is a contract specifically negotiated for the
construction of an asset or a combination ... fixed price contract is a construction contract in which the contractor
agrees to a fixed contract price, or a fixed rate per unit of output
completion of the sale of elevators/escalators/lifts etc.,
however only with respect to the contract with Delhi Metro Rail
Ltd (DMRL), the assessee ... adopt percentage completion method for all its contract
irrespective of the time duration involved in such contracts and
with such direction remitted back the matter
were released during the F.Y. 2003-04 which was
pertaining to escalation and extra work, which are accounted
for on cash basis. This claim ... recognition is also governed by the fact
that escalation and extra works not provided in the contract,
insurance claim accounted for on cash basis, liquidated
used in this Statement with the meanings specified:
A construction contract is a contract specifically negotiated for the construction of an asset or a
combination ... fixed price contract is a construction contract in which the contractor agrees to a fixed contract
price, or a fixed rate per unit of output
complainant is backing out from the executed contract. It was further stated that the project was cost escalation free as the complainant shall
Capital cost with 10% escalation per annum, stating that O&
M contract does not include supply of spares, personnel for
fuel & ash handling ... maintenance contract awarded at about Rs.
20 Lakh/MW with a margin of Rs. 10 Lakh/ MW for spares and
consumables with escalation
price contract which means that the contractor has agreed to a
fixed contract price or rate in some cases subject to cost escalation
prices ... Trib)
"Work carried out by the assessee was a composite fixed contract work
involving improvement of road and its maintenance thereof for a fixed
were released during the F.Y. 2003-04
which was pertaining to escalation and extra work,
which are accounted for on cash basis. This claim ... recognition is also governed by
the fact that escalation and extra works not provided
in the contract, insurance claim accounted for on
cash basis, liquidated
that JNPT had made payment of 93.6% of the contract value plus
fuel escalation as per the tender conditions. The complainant did not make
