Revised Estimates - GM Powers
Source 1: Railway Board Letter 2023/F(X)-II/WP/2 dated 14.09.2023 - click here
Source 2: Chapter 7 of Engineering Code
When & How - RE - Revised Estimate is prepared - Para 708 E
As soon as it becomes apparent,
that the expenditure on a work is likely to exceed the amount (in Detailed Estimate)
A RE - Revised Estimate is prepared &
Submitted for sanction of the Competent Authority
In the Same form & the same degree of detail (as the Original Estimate)
Accompanied by a Comparative statement showing the excess or saving under each head of account.
GM Powers - Sanction of Excess amount
Beyond GM Powers - Proposals sent to Railway Board - Check list as follows:
Personal approval of GM
Personal concurrence of PFA or PFA/C or FA&CAO/C
Complete details of Revision
Variation Statement/MOD - Memorandum Of Differences
Explanation
Justification for increase/decrease in the scope of work and quantities
Key points for MCQ :
Beyond GM powers - Required of Personal approval of GM & Personal concurrence of PFA or FA&CAO/C
MOD stands for Memorandum Of Differences
RE stands for Revised Estimate
DE stands for Detailed Estimates
MM stands for Material Modification
Estimates - Chapter 7 of Engineering Code
GM Powers:
Revised Estimates - Price escalation - Full powers
Revised Estimates - Other than Price escalation - Up to 20% of Original Cost.
MM - Material Modification - Up to Rs. 2.5 Crores in each case
M&P estimates - Price escalation - Up to 100% of Original Estimate or Rs.2 Crores whichever is less
M&P estimates - Otherthan Price escalation - Up to 20% of Original cost or Rs.50 Lakhs whichever is less
Lump sum works - Price escalation - Full powers
Lump sum works - Otherthan Price escalation - Up to 20% of Original Cost
Survey estimates - Up to 20% (if Original Estimate is sanctioned by Railway Board)
