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SCHEDULE OF PRICES

1. CONTRACT PRICE AND NOTES ON PRICING

The CONTRACT PRICE as stated on the Form of Agreement is a fixed lump sum for various items for
the complete performance of the WORK and is not subject to re-measurement, but for that mentioned
under item (b) below.

The CONTRACT PRICE as stated on the Form of Agreement comprises the following:

a) Sum total of CONTRACTOR fixed lump sums for various items for the complete performance
of the Scope of Work itemized and detailed which is not subject to re-measurement.

b) The following items shall be subject to re-measurement:

(i) Length of power and fiber-optic cables, supply and installation. This shall be measured
immediately after installation before covering up of the trenches.
- No. of joints, supply and installation,
- Length of trench excavation
- Linear meter for Road Crossing (M length)

(ii) Length & quantity of OHL and accessories supply and installation. This shall be
measured immediately after installation.

(iii) The above items shall be subject to upward and downward adjustment based on the "as
installed quantities" and unit rates derived on the following way: the total value of the
particular item divided by the estimated quantity of the same indicated in the Tender.

(iv) All measurement of length shall be to the nearest meter or unit, and no allowance shall
be made for surplus material.

All other equipment and/or services itemized in the price schedule shall be delivered on Lump Sum
basis. Any item that is required to complete the WORK, but not specifically mentioned in the Schedule of
Prices should be deemed included in the CONTRACT PRICE.

1.1 The Schedule of Prices is based on the WORK to be carried out under this CONTRACT.
CONTRACTOR is deemed to have satisfied himself as to the accuracy of the Schedule of
Prices, as no claim for adjustment due to inaccuracy of the Schedule of Prices shall be accepted.

1.2 The prices shall be deemed to include for everything necessary to be provided and carried out
for the full and complete execution of the WORK whether or not such work is mentioned in the
Schedule of Prices, including all necessary temporary works as required.

1.3 The CONTRACT PRICE is deemed to be the full and complete compensation for
CONTRACTOR performance of the Contract and all of CONTRACTOR obligations

Hereunder in accordance with the terms and conditions of the CONTRACT. Descriptions of work and
materials are not necessarily complete in the Schedule of Prices and therefore reference should be made
to the General Conditions of Contract, Scope of Work, General Technical Requirements, Technical
Specifications, Technical Schedules and Drawings for this information. The completed prices shall truly

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reflect the value of the item/works required. The CONTRACT PRICE shall be fully inclusive of, but not
limited to the following:

i) Costs towards design and engineering services, preparation and submission of all drawings,
specifications and design related documents including As Built and Operation and
Maintenance manuals, construction and installation works, pre-commissioning and
commissioning activities and warranty period services. Warranty period shall be two years
from the date of Taking Over.

II) Mobilization, demobilization, supervision and project management services, all labor and their
salaries, accommodation along with domestic water and toilet facilities, travel, holiday,
medical, messing and safety clothing/equipment.

iii) Costs towards permits, procurement services, inspection, expediting supply of all materials,
equipment, plant, tools and tackles, scaffoldings, consumables and performance testing.

IV) All taxes, duties, insurance premium, administration expenses along with costs towards
office(s) and office equipment, safety course attendance, overheads and profits and any other
costs and charges not specifically detailed.

1.4 CONTRACTOR is deemed to have satisfied himself as to the form of accommodation required,
the nature and extent of the WORK and materials necessary for the COMPLETION OF WORK,
the environment and WORKSITE conditions and the means of access to the WORKSITE. In
general, CONTRACTOR is deemed to have obtained all necessary information as to the risks,
contingencies and other circumstances, which may influence or affect the CONTRACT PRICE.
Allowance shall be made in pricing for any restrictions imposed by the area classification,
restrictions on entry of personnel and vehicles to WORKSITE, special working methods required,
and for compliance with KAHRAMAA's Safety Rules and Regulations.

1.5 The prices include for protecting the permanent works during construction until the issue of the
Taking Over Certificate.

1.6 The CONTRACT PRICE is deemed to include anticipated costs for all delays and/or temporary
works arising from requirements to comply with KAHRAMAA's safety requirements. The
CONTRACT PRICE is also deemed to include for delays or abortive work caused by weather
conditions, and for delay or disruption caused by KAHRAMAA's urgent operational requirements
at the time of executing the WORK. No "standby" charges are payable to CONTRACTOR for
such delays. CONTRACTOR shall allow for working during out of normal work hours, if
necessary.

1.7 All costs associated with non-productive periods, due to weather downtime that may occur during
the CONTRACT is deemed to be included in the CONTRACT PRICE, and no stand-by charges
are payable to CONTRACTOR in the event that the WORK is stopped on account of inclement
weather, safety aspects, or the breakdown or non-availability of CONTRACTOR equipment and
materials.

1.8 The rates and prices are deemed to include for all costs in respect of local religious holidays,
customs and the provision of all amenities customary in the State of Qatar.

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1.9 CONTRACTOR is deemed to have computed the CONTRACT PRICE in the manner required by
the Schedule of Prices and has not deviated there from. Where CONTRACTOR considered it
necessary, CONTRACTOR is deemed to have considered additional complementary items to
provide a comprehensive CONTRACT PRICE synthesis.

1.10 CONTRACTOR is deemed to have inserted a rate or price as applicable against each item
included in the Schedule of Prices. The services and obligations contained in any particular item
not so separately priced are deemed to be covered in the rates or prices for other items in that
Schedule of Prices.

1.11 Where either CONTRACTOR applying a final discount has computed the CONTRACT PRICE, or
by way of correction of errors, such discount or correction is deemed to apply proportionately to
individual prices and rates throughout Appendix B – Schedule of Prices. Such proportionately
reduced prices and rates shall be used for the valuation of Variations and all payments to be
made to CONTRACTOR under the CONTRACT.

1.12 Deletions of individual items from the CONTRACT including specified spare parts and special
tools, and/or omission of any item(s) in full or in part shall (in accordance with Article 14 of the
General Conditions of Contract) not entitle CONTRACTOR to reimbursement for loss or alleged
loss of overheads or profit or to financial compensation for executing a reduced Scope of Work.

1.13 Unless otherwise described, all surplus materials arising from demolition works, construction
waste or otherwise shall be transported to a Government tip and prices shall include all
associated fees.

1.14 The CONTRACT PRICE is deemed to include adequate allowance for port congestion and
surcharges, cost of air freighting and trucking imported materials, all duties including custom duty
and taxes for custom clearance, etc.

1.15 All rates, costs, charges and lump sum prices included in Appendix B – Schedule of Prices, shall
be quoted in Qatari Riyals, and shall be fixed for the duration of the CONTRACT. Payment shall
be made only in Qatari Riyals to a bank account of CONTRACTOR in Qatar.

1.16 If the Contract comprise more than one package, all CIF unit rates for identical equipment and
delivered from the same supplier shall be identical for all Packages.

2. TERMS OF PAYMENTS

2.1 It is NOT Kahramaa intention to grant an advanced payment on awarding the Contract. However,
the Contractors may request advance payment, not to exceed 10%, of the total awarded Contract
Price, against a clear alternative offer stating the discount in percentage as a result of the
advanced payment in comparison with the original offer. This proposal is for KM to assess on the
financial feasibility of such award, KM shall have the right, solely, to decide on accepting or denial
of this payment proposal, however, if granted, The Contractor shall provide a (value to value)
irrevocable advance payment Bank Guarantee and KM shall reimburse the advanced payment
value in the form of constant reduction ratio of 10% from each invoice due to be paid to the
Contractor accordingly, the last invoice deduction in value shall recover for the remaining balance
as reimbursement settlement.

2.2 The minimum value of each monthly invoice submitted by the Contractor shall not be less than
QRs 1,000,000.00 based on the completed and accepted Work during the month.

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2.3 All payments are subjected to retention of 10% of the approved invoice value in accordance with
Article 12.5 of the General Conditions of Contract.

2.4 The Contractor's application for payment shall be made in a standard format acceptable to
KAHRAMAA.

2.5 The Contractor shall present to KAHRAMAA for approval within 30 days from the Effective Date of
the Contract a detailed breakdown of various items.

2.6 Subject to the provisions of the Contract, KAHRAMAA will pay to the Contractor the Contract
Price in accordance with the following terms of Payment.

2.7 Payment for materials and Equipment:

KAHRAMAA shall pay to the Contractor the CIF prices for materials and/or Equipment (to be
incorporation into the permanent works) in accordance with the following terms of Payments:

a) 10% of CIF value of the ordered materials and or equipments to be incorporated in the
permanent works in accordance with the project schedules agreed under this Contract,
shall be paid to the Contractor as an Advanced Payment, and after submitting the
following documents:

• Original manufacturing orders and/or purchase orders signed by the Contractor and
the vendor confirming that the Contractor has placed the orders with the respective
Vendors.

• Commercial invoices stamped by the local Chamber of Commerce and legalized by


the Embassy of Qatar in the country of origin.

• Presentation of advanced payment bank guarantee in Kahramaa’s favor according to


the attached form and shall be in force and valid until Kahramaa confirms receipt of
the materials and/or Equipment referenced above, suitably stored at Site, inspected
and approved by the Kahramaa Representative.

b) 60% of the materials and/or Equipment consignment value (to be incorporation into the
permanent works) CIF prices shall be paid upon receipt of materials and/or Equipment,
suitably stored at Site and inspected and approved by Engineer. This payment will be
made after submitting the following documents:

• Application for Payment for Equipment and Material Delivered to Site shall include a
commercial invoice stamped by the local Chamber of Commerce and legalized by the
Embassy of Qatar or an Arab Embassy in case no Qatar Embassy exist in the country
of origin.

• The shipping documents shall be prepared in triplicate two copies to be sent to


Kahramaa with application for Partial Payment for Equipment and Material Delivered
to Site and one copy for dispatch direct to the Consignee. They should comprise:
i) Signed bills of lading (copy for payment purposes to be clean "on board" and
marked freight (prepaid).

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ii) Copies of freight account.


iii) Certificates of origin, certifying that the goods are not of Israeli origin nor contain
any Israeli materials, legalized by the Embassy of Qatar or an Arab Embassy in
case no Qatar Embassy exists in the country of origin.
iv) Copies of certificate of policy of insurance of the portion of Plant for which the
partial payment for Equipment and material delivered to Site is claimed.
v) Copies of the dispatch release certificate.
vi) Original Kahramaa acceptance log for arrived goods (KALAG) signed by the
authorized Kahramaa representative.

c) 20% CIF prices of the materials and/or Equipment (to be incorporated into the permanent
works) shall be paid on issuing Certificate of Operation (CO) or Certificate of Readiness
(COR) by Kahramaa as per Article 9.20 of General Conditions of Contract (issue 9.02).

d) 5% CIF prices of the materials and/or Equipment (to be incorporated into the permanent
works) shall be paid on issuing Taking Over Certificate (TOC) by Kahramaa. KM may at
it’s own discretion agree to pay the amount covered under this sub article (d) if the
issuance of the (TOC) was delayed (due to causes referred solely to Kahramaa) for a
period not less than 90 calendar days from the Certificate of Operation date however this
payment shall only be authorized against presentation and KM acceptance of (value to
value) Irrevocable bank guarantee valid until the issuance of the Taking Over Certificate
(TOC).

e) 5% of the materials and/or Equipment (to be incorporated into the permanent works) CIF
prices shall be paid against presentation of Deficiency Clearance Report approved by
Kahramaa

100% Spare Parts and Special Tools & Equipments price will be paid against clean
"Kahramaa Stores Receipt Voucher" only

Notes:

• Kahramaa, may at it’s sole discretion accept to pay the CIF portion of the bid by
means of Irrevocable and Confirmed Letter of Credit, Contractors requesting this
service, may include the proposed terms of the Letter of Credit to be negotiated with
Kahramaa in the bidding documents (Technical Offer), the general terms of the
Letter of Credit should be in line with the general terms of payment above and
limited to the CIF portion only, taking in consideration that all Letter of Credit
opening costs and all other bank charges shall be on the beneficiary’s account ,
however and if NO agreement on the Letter of Credit terms is reached, the
aforementioned Terms of Payment shall supersede notwithstanding any of the
bidder’s rights in participation or award.

• Kahramaa hereby request all bidders to take in consideration while pricing the CIF
portion of the bids, the current custom duty code of 5% (as a base case) which shall
be included and indicated separately in the local cost portion, all Contractors shall
be entitled to claim for any additional costs due to custom duty change, the
entitlement shall be based on the difference between the base case indicated

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above and actual, official and original custom duty charges shown on the invoices
presented to Kahramaa, in the mean time, Kahramaa shall be entitled to deduct /
refund the difference if the custom duty charges were reduced in reference with the
quoted base case any reciprocal bases.

• Only Contractor who quote for custom duty and indicate separate price for the
amount of custom duty in their bids will be entitled for payment related to custom
duty or any additional costs due to custom duty change. No payment will be made
for contractors whose bids excluded the custom duty from their offered price.

2.8 Payment for the Construction on Site

Payment for the Construction on Site costs which is divided here into local costs and Civil works
Costs shall include all cost other than the CIF portion.
Payment for the Construction on Site, subject at all times to compliance with all applicable provisions
of the Contract, shall be made according to the following items:

Local costs – to include landing charges, customs, storage, handling, transport to site, insurance,
erection, testing, painting, finishing off, setting to work, instruction of operating staff, and the correct
sum for discharge of warranty period obligations of the Plant and during the Warranty period, all
unskilled, semi-skilled and skilled labor, supervision of labor and Contract Works, temporary site
buildings and accommodation and everything necessary to leave the plant complete and in full
working order to the expiration of the Warranty period in accordance with the provisions of the
Contract.

Civil works costs – to include the cost of site clearing and leveling, infill, fencing, equipment
foundations, access roads, drainage, sewage disposal, cable trenches, all civil construction, provision
of all required building services, etc. in accordance with the provisions of the Contract.

a) 70% of the Local Costs + Civil works Costs as progress payments. Percentage of Payments
to be made shall depend upon the breakdown (clause 2.5 above) and the progress of Works.
The Contractor shall attach to his invoice monthly progress work statement prepared by
Contractor and approved by Kahramaa Engineer. The invoice shall also approved by
Kahramaa Engineer before the Contractor proceeds to submit the invoice to Kahramaa.

b) 20% of the Local Costs + Civil works Costs shall be paid against presentation of Certificate
of Operation issued by Kahramaa Engineer.

c) 5% of the Local Costs + Civil works Costs shall be paid against presentation of Taking Over
Certificate (TOC) issued by Kahramaa Engineer. Kahramaa may at it’s own discretion agree
to pay the amount covered under this sub article (c) if the issuance of the (TOC) was delayed
for a period more than 90 calendar days from the Certificate of Operation date, however this
payment shall only be authorized against presentation and KM acceptance of (value to value)
irrevocable bank guarantee valid until the issuance of the Taking Over Certificate (TOC).

d) 5% of the Local Costs + Civil works Costs shall be paid against presentation of Deficiency
Clearance Report approved by Kahramaa.

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2.9 Final Payment

Upon issue of the Final Certificate for the Works after expiry of the warranty period and following
submission by the Contractor of the official record evidencing the same, the final account shall be
settled by KAHRAMAA after adjusting outstanding amounts, if any, due from the Contractor. The
Performance Bond shall also be released by KAHRAMAA, as provided for in Article 13 of the
General Conditions of Contract.

However, it should be noted that prior to releasing the final payment, KAHRAMAA requires that
the Contractor shall produce.

a) Clearance Certificate from Qatar Income Tax Department.


b) Clearance Certificate from the Municipality.
c) Final Acquittance Certificate from the Contractor.
d) Any other documents as may be required by the law of Qatar.
e) Submitting of all drawings, schedules, programs, manuals and the like in
accordance with the Contract.

2.10 Formats

The Contractor's Application for Payment shall include statements made by the Contractor in a
format acceptable to KAHRAMAA giving accurate descriptions of the executed works and the
actual value of these works according to the prices agreed upon at the signing of the Contract.
The Contractor shall show in every statement the amounts he considers due to him.

Partial Payments shall be made to the Contractor for the executed Works against invoices
checked and approved by KAHRAMAA.

Any invoice shall be accompanied by the necessary documents, so that such statements can be
approved by KAHRAMAA.

3. LIQUIDATED DAMAGES

If the Contractor fails to achieve Completion by the Contractual Completion Dates as prescribed
in the Contract Agreement and and/or in the Execution Program of the Contract (or authorized
extension thereof), the Contractor will be liable to pay Kahramaa liquidated damages according to
provisions of Article 10 of the General Conditions of Contract, the amounts of such liquidated
damages shall be calculated at the rate of 0.1% of the Contract Price per day for each day or part
of a day delay after the Contractual Completion Date, up to a maximum of ten percent (10%) of
the Contract Price. Kahramaa does not have to justify or quantify such damages other than as
stated above.

If the Works is divided into distinct milestones with well defined start and completion dates the
above Liquidated Damages rate and maximum shall be applied for respective milestone price in
accordance with Article 10.2 of the General Conditions of Contract.

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4. PRICE SCHEDULES

The Tenderer shall fill-in the following schedules:

4.1 Summary of Definite Works Prices

All total prices indicated in the Schedule 4.2 – "Detailed Prices for Definite Works" shall be
summarized in this Schedule.

4.2 Detailed Prices for Definite Works

The Tenderer shall complete this Schedule for Items of Works.


These prices shall be used for variations.

4.3 Specified Spare Parts

The total price shall include the price of all Specified Spare Parts delivered to KAHRAMAA stores.
The total price shall be summarized in Schedule 4.1.

4.4 Specified Special Equipment and Tools

The total price shall include the price of all specified Special Equipment and Tools delivered to
KAHRAMAA stores. The total price shall be summarized in Schedule 4.1.

4.5 Unit Rates for Equipment

Unit Rates for Equipment shall include all expenses and liabilities, and shall cover the performance
and delivery of the complete works.

The rates quoted in this Schedule shall be analogous to the prices provided in the Schedule of
Definite Works.

4.6 Unit Rates for Civil Works

Unit Rates for Civil Works shall include cost of material, all expenses and liabilities, and shall cover
the performance and delivery of the complete works.

The rates quoted in this Schedule shall be analogous to the prices provided in the Schedule of
Definite Works.

4.7 Unit Rates for Time and Contractors' Equipment

These rates shall be used for works if and when required by KAHRAMAA, for any work for which
prices are not available in the Schedule of Prices.

a) Labour and Staff


The Tenderer shall indicate their proposed rates per hour or day. Such rates shall be all
inclusive, viz. wages, accommodation, messing, insurance, recruitment, transport and additional
payments (if any) required under any laws or regulations of the State of Qatar.

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b) Overhead Charges and Profit

The Tenderer shall indicate his overhead charges and profit including superintendence, time
keeping, clerical work, use of tools and all charges not covered by the rates in (a).

c) Equipment

The Tenderer shall indicate equipment usage charges including fuel, oil, overhead charges,
profit and services of an operator. Additional labor rates shall be as given in (a) above.

4.8 Recommended Spare Parts

Besides the specified spare parts, the Tenderer is requested to quote for recommended Spare
Parts he deems necessary for five (5) years of operation after Completion, with individual unit
prices for delivery to Kahramaa stores. The purchase of these spares by Kahramaa is
considered optional and Kahramaa has the right to utilize at any time during the Contract
period.

4.9 Recommended Special Equipment & Tools

In addition to the specified special equipment and tools, the Tenderer is to list all special
equipment and tools he deems necessary for operation and maintenance of the various
equipment to be provided under the contract, with individual unit prices for delivery to Kahramaa
stores.

4.10 Prices for Departures from or Qualification to the Specifications

The Tenderer shall indicate whether the price variation required to comply with the Specification
is an increase (+) or decrease (-) of the Tender Price.

NOTE: In the above Schedules, the columns shall have the following meanings:
• FOB Price: shall include design, manufacture, works inspection and tests,
packing, delivery to the point of shipment and any other charges
incurred in the execution of these requirements.
• Insurance/Freight: shall include shipping, insurance, freight costs, demurrage
charges and any other charges for delivery to port of entry in
Qatar.
• CIF Price: shall include the sum of the above two items.

• Local Costs: shall include landing charges, customs, document legalization or


any other charges levied by the government, handling, transport
to site, insurance, temporary storage, erection, testing, painting,
finishing, setting to work, instruction of operating and
maintenance staff, warranty period obligations, supply of all
labour, supervision, temporary works and everything necessary
to leave the plant complete and in full working order at the
expiration of the warranty period, all in accordance with the
provisions of the Contract.

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• Civil Works & Building Services Costs: shall include design, all material costs, construction, labour,
supervision, warranty period services, all documentation,
removal of excess material, clearing and everything necessary
to leave the works complete and in full working order at the
expiration of the warranty period, all in accordance with the
provisions of contract.

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5. Metal Price Adjustment

For 11 kV and higher voltage cables and/or overhead line conductors and earthwires as and if
applicable, the Bidder shall base the calculation of the tendered prices for copper, aluminium and
lead respectively on Standard prices of the L.M.E. (London Metal Exchange) on the following
assumed base metal quotations:

- Copper : 8680 - US Dollar per metric ton


- Aluminum : 2435 - US Dollar per metric ton
- Aluminum Alloy : 2250 - US Dollar per metric ton
- Lead : 2500 - US Dollar per metric ton
After award of Contract, the Unit Price of the conductor ungreased / cable (per km) shall be
adjusted according to the following formula:
P = Wm (M1 - Mo)
Where
P Price Variation per km (in currency of the Bid)
Wm The nominal weight in metric ton per km of metal as given in the offer, TDS.
M1 Official 3-Months Seller Price of metal ruling on the official closing of the First Working day,
following the date of issuance of the Letter of Award (LOA) in US Dollars (USD) per Metric
Ton.
Mo Assumed Base Metal Quotations in US Dollars (USD) per Metric Ton, as mentioned
above.
After the metal prices have been adjusted as described above, for final contract price shall be
further adjusted in proportion to the difference in metal weights if the actual weights as
determined from sample tests on the finished conductor are less than the minimum weights as
stated in the TDS,. The reduction shall then be made on the same basis as the first adjustment.
In determining the weights during sample tests, the average weights of the samples shall
represent the total quantity of the cables supplied.
Price adjustment for cable connections inside substations will also be neglected.

After Final Letter of Award (FLOA) of the Contract, the Metal Pricing Adjustment shall be applied
only on positive value Variations limited to the CIF portion only based on the actual metal rate at
the next working day (after the date on which the Contractor receive Kahramaa approval to issue
Variation) in respect to the metal rate indicated in the Final Letter of Award (FLOA).

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6. Application of Currency Pricing Formula

Kahramaa has decided to consider the application of the currency pricing adjustment formula
(after application of Metal Pricing Adjustment (LME) if applicable) to help in achieving an
improved assessment practices in the tenders award policy being assessed on services /
supplies value competition only and to avoid any possible additional financial risks/ costs
adding up due to the currency rate difference possible between the date of the offer and the
date of award.

1. All Bidders shall present their quotations with the unit rates indicated in the various
currencies as provided in the Price Schedules attached. The totals and total Contract
Price shall be presented in QAR (Qatari Riyal) only after calculations based on the rates
provided in the item 8 below.
2. The currency exchange rate to be considered in the quotes shall be fixed to the rates
specified by KM below
3. The quotations (contract value) shall be amended proportionally to the currency exchange
rate, at the date of the letter of award , which shall only be ( Monday to Thursday ) and
excluding Qatar and UK public / bank holidays
4. The Formula:
= Original Offer ( Currency Rate(USD/Currency) @ date –of the Offer
Final Contract (as advised in 8 below)
Price (CIF
Price (CIF Portion Portion ( )
only) QAR only)QAR ( Currency Rate(USD/Currency) @ date –of the
Provisional LOA

5. The currency Exchange rate at the date of the amendment shall be the currency rate
published by the (Financial Times) UK @ 11.00 Noon.
6. The Bidders shall advice KM on the percentages of the (CIF) portion in the offer and the
applicable currencies to be considered in calculating the final price, this is based on the
origin of the equipments purchased and the currency of the transaction between the EPC
contractor and the manufacturers (e.g.: 30 % of the CIF portion for the products paid in
Euro, then the Euro adjustment rate shall apply for 30% only, the same for other
currencies will apply up to total of 100% of the CIF portion. Custom duty of 5% is
considered local cost; however it will be adjusted to 5% of the CIF prices after applying
currency and LME formulas.
7. Construction on Site cost portion (which comprises local costs and civil works costs) shall
not be adjusted to any currency exchange.
8. The bidders quotations shall be based on the following preliminary exchange rates (only)
i. USD = 0.71 Euro
ii. USD = 81 JPY
iii. USD = 1110 WON
iv. USD = 44.30 INR
v. USD = 0.98 CHF
vi. USD = 1.67 BRL

SECTION 4 - SCHEDULE OF PRICES - APPENDIX -B R3


TECHNICAL AFFAIRS
Electrical Projects Dept.
SECTION 4
VOLUME 5 PAGE 14
REV. 3

GTC/371/2010
QATAR POWER TRANSMISSION SYSTEM EXPANSION - PHASE 10 - SUBSTATIONS

TITLE:- SCHEDULE OF PRICES – APPENDIX B Revision: 0

vii. USD = 3.64 QR (Constant)


viii. Resource for (Variables) @ the date of adjustment:
http://www.marketprices.ft.com/markets/currencies/ab
ix. The final contract price after adjustment shall be considered final, NO further
currency fluctuation in rate shall be considered

9. The Contract price after adjustment by LME and currency formulas shall be adjusted only
by final re-measurement of re-measurable items in clause 1.b above and by variations in
accordance with Article 14 of General Conditions of Contract.
10. The currency adjustment formula shall be applied only on positive value Variations limited
to the CIF portion only based on the currency rate at the date of variation order relative to
the currency rate indicated in the FLOA.

Currency Rate (US/Currency) @ date of the


Variation order = V.O Price based on
Provisional LOA
Price (CIF Portion Contract prices (CIF Portion ( )
Currency Rate (US/Currency) @ date of the
only) QAR only) QAR VO

SECTION 4 - SCHEDULE OF PRICES - APPENDIX -B R3


TECHNICAL AFFAIRS
Electrical Projects Dept.