BIENNIAL CONSERVANCY CONTRACT INSIDE THE PORT AREA OF WORK SHOP, AUTO GARAGE AND MAIN STORES through JNP Project Affected Persons (PAPs) Labour Co-operative Societies registered with Registrar of Co-operative societies

Amount

Current Minimum Wages per day for unskilled labour (as per note prepared by IR Section ) Basic Rs 635.48

PF @ 13.16% on Min. Wages

leave and National holidays @ 5% on Min. Wages

Hike @ 20%(fixed over ₹ 439.25 for five years)

Gross salary(1+3+4)

ESIC (Medical & Ins.) 3.25% on gross salary(5 X 3.25%)

Current Labour Cost per day (1*+2+3+4+6) (for 19 labours)

Man-days in a year ( 19 labourers per day for 313 days in a year entitled for wage settlement rates)

Total labour cost per year (8 X 7)

Labour cost per six months(No.9 ÷ 2)

Labour cost for two years considering 3% percent rise every six months in min wages (No. 9 X 4.1836)

Total approximate cost of PPEs and Uniform @ 3500/- for 19 labourers (once in a year)

Sub total (11+12)

Contractor’s overhead, supervision charges and Profit for two years (upto10% of total Min wages*)

Total Cost for two years

*Estimated cost of gratuity scheme for 02 yrs.

Cost including gratuity

Applicable GST at the prevailing rate (18.00 %)

Grand Total Cost for two years(Excluding Gratuity, Including GST)

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