Finance, Insurance & Banking Tender Results

12 1) GST is included @18%. (2) In case of any revision (increase or decrease) either in minimum wages or/and in the ceiling of wage/salary limit (for EPF, ESI & Bonus) or/and in the percentage value of contribution (for EPF, ESI and Bonus) by the appropriate Government then the employer share of contribution will be suitably effected. (3) Employer Share of EPF contribution to individual manpower shall be limited to wage ceiling limit of Rs.15,000/- or on wage ceiling limit as amended from time to time. (4) All employees of the Contractor who are drawing monthly wages up to Rs.21,000/- shall have to be covered under ESI. (or upto revised/ enhanced wage ceiling limit as applicable from time to time). For those employees of the Contractor who are not covered under ESI, the Contractor shall take Employee Compensation Policy from a Govt. Insurance Company, in line with the provisions made under the Employee’s Compensation Act, 1923. Further, in such a case, the Contractor will procure Medical Insurance Policy, to be purchased directly from a Govt. Insurance Company, with Sum Insured @ Rs.2 lakhs per employee with coverage of family (including employee) of 04 members per employee. Re-imbursement of actual premium paid or 3.25% of wage (with capping of maximum wage ceiling @ Rs.21,000/-), whichever is lower, will be made by DMRC to the Contractor against the premium paid for both the insurance policies taken for ECA and Medical benefits. (5) Reimbursement of 5% towards miscellaneous charges (as mentioned in BOQ) and contractor's quoted profit percentage, taxes etc. on EPF and ESI contribution is payable only when the same is payable by DMRC as per EPF and ESI act. (6) Bonus has been evaluated for estimate as zero because the monthly wages (for 26 days) is crossing maximum threshold of bonus ie. RS.21000/- . In future, due to any amendment/ revision, in Bonus Act, Bonus for Contractor’s staff will be reimbursed separately to Contractor as per payment of Bonus (Amendment) Act 2015 only after submission of bonus disbursement proof by Contractor. (7) It may be noted that the requirement of manpower is only tentative. The contractor will be paid on the basis of actual requirement and deployment of manpower.. (8) Bidders shall quote their price/bid against the total estimated cost of tender. Bidders may note that if their total quoted price/bid is less than or equal to the total estimated cost of tender as indicated in S/N 7 above, then their offer will be considered invalid. (8) Minimum Wages for TVS Personnel/Ticket Vending Agent are considered as Booking Clerk (Category III) under Tamil Nadu Minimum Wages Act 1948, Employment in “Cinema Category”. Further, for Supervisor Category (II) of the same Cinema Category is considered. (10) One Supervisor shift per 50 shifts of the manpower is considered.