(1) There shall be a rate fixation committee consisting of the following members in each district in order to fix the rate of construction materials and transportation, rent of machines and equipment and the wages of workers to be applicable to the whole or any part of the district:
(a) Chief District Officer -Chairperson
(b) One member of the District Coordination Committee designated by the District Coordination Committee -Member
(c) District Coordination Officer -Member
(d) Chief, Treasury Controller Office -Member
(e) Representative, Nepal Federation of Construction Entrepreneurs -Member
(f) Representative, Chamber of Commerce and Industry -Member
(g) Chief, District Technical Office -Member- secretary
(2) The rate fixation committee shall fix the rate of construction materials or transportation on the basis of the prevailing market rate. The rate to be so fixed shall be fixed within the last day of the month of Shrawan (mid July).
Provided that where the rate of construction materials or transportation increases in any fiscal year by more than ten percent of the existing price, the committee may fix the rate accordingly.
(2a) The rate shall be fixed pursuant to this Rule on the basis of, inter alia, the rate fixed by the rate fixation committee of the district adjoining its boundary with that district.
(3) The rate fixation committee shall each year also fix the rate of transportation of the means of transportation in use in the district.
(4) The concerned Chief District Officer shall send a notice of the rate fixed pursuant to this Rule to all offices in his or her district and give an intimation thereof to the Public Procurement Monitoring Office, Auditor General's Office and concerned Treasury Controller Office.
(5) The rules of procedures of meeting of the meeting of the rate fixation committee shall be as determined by the committee itself.