Annexure I

Illustration of Working Capital Difference for a sample project of 1000 Crs Contract Value and Project duration of 24 months
Retention Money (Cash vs BG) M1 M2 M3 M4 M5 M6 M7 M8 M9 M10 M11 M12 M13 M14 M15 M16 M17 M18 M19 M20 M21 M22 M23 M24 M25
Cumulative Invoicing 5 12 20 21 21 33 55 83 120 192 192 218 244 372 471 545 641 764 849 891 938 972 981 1,000 1,000
Cumulative Cash Retention as per present
0.32 1 1 1 1 2 3 5 7 11 11 13 15 22 28 33 38 46 50 - - - - - -
tender condition
Cumulative Cash Retention in case allowed
- - - - - - - - - - - - - - - - - - - - - - - - -
to be substituted by BG
Diff (A - B) (I) 0.32 1 1 1 1 2 3 5 7 11 11 13 15 22 28 33 38 46 50 - - - - - -

Advance recovery against CV vs Time M1 M2 M3 M4 M5 M6 M7 M8 M9 M10 M11 M12 M13 M14 M15 M16 M17 M18 M19 M20 M21 M22 M23 M24 M25
Cumulative Invoicing 5 12 20 21 21 33 55 83 120 192 192 218 244 372 471 545 641 764 849 891 938 972 981 1,000 1,000
Cumulative Advance recovery (@15%) based
1 2 3 3 3 5 8 12 18 29 29 33 37 56 71 82 96 100 100 100 100 100 100 100 100
on present tender condition
Cumulative Advance recovery prorate
(@12.5%) on invoicing commencing from - - - - - - - - - - - 3 7 23 35 44 56 72 82 87 93 98 99 100 100
20%
Diff (A - B) (II) 1 2 3 3 3 5 8 12 18 29 29 29 30 33 36 38 40 28 18 13 7 2 1 - -

Stage payment modification M1 M2 M3 M4 M5 M6 M7 M8 M9 M10 M11 M12 M13 M14 M15 M16 M17 M18 M19 M20 M21 M22 M23 M24 M25
Cummulative Invoicing for Road works as per
3 6 10 10 10 16 27 41 60 96 96 109 122 186 235 273 321 382 425 445 469 486 490 500 500
present tender condition (A)
Cummulative Invoicing for Road works as per
3 6 10 10 10 28 62 88 118 164 164 166 167 230 279 316 364 390 422 442 465 482 487 500 500
modified request of 1% instead of 10% (B)
Diff (B - A) (III) (0) (0) (0) (0) (0) 12 34 46 58 68 68 56 44 44 44 43 43 8 (3) (3) (3) (3) (3) (0) (0)

Total Difference (I+II+III) 1 2 4 4 4 19 46 64 83 109 109 99 89 100 108 114 122 82 65 9 3 (1) (2) (0) (0)