Government Engineering College, Kaimur has been constituted under the Department of Science, Technology and Technical Education, Government of Bihar to cater to the needs of technical education. Government Engineering College, Kaimur intendent to invite bids from eligible entities security services in the engineering in the institute Government Engineering College, Kaimur.

Annexure - 7 INSTRUCTIONS FOR THE FINANCIAL BID

1. The bidder/agency have to quote the Service Charge in Indian Rupee (INR up to 2 decimal place) as per below format. This format is only indicative for reference, actual financial bid is to be submitted in MS Excel format:

Particulars Service Charge (in percentage) Service Charge (In Words)

Service Charge per manpower per month

Note: Service Charge to be quoted by the agency/bidder must be in percentage up to 2 decimal places only, anything after 2 decimal places shall be ignored.

2. Service charge quoted by the agency should not be less than 3.85 % (3 Percent profit & 0.85 transaction charges) and not be more than 7% (including transaction charges) of total remuneration payable per month to the manpower including employer contribution of EPF, ESI as admissible. A financial bid, which is less than the minimum or maximum prevailing service charge, shall be deemed as non- responsive and shall be summarily rejected (Annexure -9). 3. GST shall be payable on total pay-out (i.e minimum wage, employer contribution towards Employees’ Provident Fund (EPF), Employees’ State Insurance (ESI), and service charge) to the agency (Annexure -10). 4. The Service charge shall be calculated on total pay-out (i.e minimum wage payable to the concerned employees, employer contribution towards Employees’ Provident Fund (EPF) and Employees’ State Insurance (ESI)) to the agency (Annexure -10). 5. The Agency will ensure timely submission of all legal deduction in the account of Employees' Provident Fund Organisation (EPFO) and Employees' State Insurance Corporation (ESIC) and submit a quarterly report to the Government Engineering College Kaimur. 6. Procedure for calculating the Total Remuneration to manpower: a. Minimum Wage Rate for the Manpower as declared by Labour Resource Department, Government of Bihar = Rs. ”X” b. Employer contribution towards E.P.F Amount = As per prevailing rate notified by the competent authority of “X” = “Y” c. Employer contribution towards E.S.I Amount = As per prevailing rate notified by the competent authority of “X” = “Z” d. Total Remuneration (to manpower) = (X + Y + Z). 7. TDS shall be deducted as per prevailing rule. 8. The rates quoted must be in figures as well as in words. 9. The bidder will be required to raise the invoice as prescribed under GST Act 2017 and rules therein. The Government Engineering College Kaimur will pay the agency/bidder minimum wages, Employer contribution towards ESI, EPF, service charge and GST as per the prevailing rates per manpower, as per the financial bid quoted above by the bidder/agency. 10.The agency will have to submit evidence of payment of salary to outsourced manpower, in their bank account through RTGS on monthly basis, and after compliance of this only, payment for subsequent month will be disbursed to the agency.