Common use of Base year and escalation Clause in Contracts

Base year and escalation. The base shall be taken as 2015-2016 following enhancement factor will be used for the cost of work executed and the financial figure to a common base value for work completed. Year before Multiplying factor One 1.10 Two 1.21 Three 1.33 Four 1.46 Five 1.61 Tenderer shall indicate actual figure of cost and amount for the work executed by them without accounting for the above mentioned factors.

Base year and escalation. The base shall be taken as 20152016-2016 17 following enhancement factor factors will be used for the cost of work executed and the financial figure to a common base value for work completed. Year before Multiplying factor One 1.10 Two 1.21 Three 1.33 Four 1.46 Five 1.61 Tenderer shall indicate actual figure of cost and amount for the work executed by them without accounting for the above mentioned factors.