67A. Variation and amendment of contracts

For the purpose of section 46(4A) of the Act, any variation, adjustment and amendment to a major contract shall require the approval of the Board where the increase in contract value is at least –

(a) 10 million rupees in respect of a contract not exceeding 100 million rupees;

(b) 20 million rupees in respect of a contract of not less than 100 million rupees and not more than 300 million rupees;