Q37. A contractor has entered into a long term contract at an agreed price of175000 subject to an escalation clause for materials and wages as spelt out in the contract and corresponding actuals are as follows:
Materials SQ(UNITS) SP(RS.) Actual Oty AP(Rs.)
A 5000 5 5050 4.80
B 3500 8 3450 7.90
C 2500 6 2600 6.60
LABOUR STd HOURS HOURLY RATE ACTUAL HOUR HOURLY RATE
X 2000 7 2100 7.20
Y 2500 7.50 2450 7.50
Z 3000 6.50 3000 6.60
Reckoning the full actual consumption of materials and wages the company has claimed a final price of177360. Give your analysis of admissible ecalation claim and indicate the final price payable.
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