VARIATION IN MINIMUM WAGE RATE Sample Clauses

VARIATION IN MINIMUM WAGE RATE. In case of any statutory variation in Minimum Wage Rates (MWR), the escalation on quoted rates shall be applicable subject to following consideration :-  Prevailing Minimum Wage Rates (MWR) shall be considered as applicable of rate on date of floating of tender (based on latest Government Notification) and all statutory payment like PF, Bonus and Leave, on prevailing rate notified by the Government of Gujarat as per Minimum Wages Act, 1948.  The labour component considered in SoR: - 76% of quoted Rates.  No reimbursement shall be made up to 05% variation in prevailing minimum wage rate ( on last date of bid submission) for first year of contract period.  No reimbursement shall be made up to 10% variation in prevailing minimum wage rate( on last date of bid submission) for second year of contract period.  Any statutory variation in Prevailing wage rate beyond specified % variation in Minimum wage rate (i.e. to 05% variation in first year & 10% variation in second year), escalation on specified labour component (i.e. 76%) of quoted rate of SOR shall be applicable for differential % increased in minimum wage rate during applicable balance contract period.
Sample 1
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VARIATION IN MINIMUM WAGE RATE. (a) The GIPCL shall pay to the Bidder a lump sum rate per month plus Government Service Taxes as applicable from time to time, for carrying out the above jobs effectively & efficiently for the fulfillment of this agreement. (b) The GIPCL shall reimburse the PF amount based on actual manpower deployed. PF amount shall be reimbursed on actual contribution deposited and on submission of proof for the same by the bidder. (c) The increase or decrease in special allowances as per Minimum Wage Act notified by the Government will be reimbursed at the end of Month period on actual basis separately, subject to successful compliance for all obligations under this Contract. (d) The increase or decrease in basic rate as per Minimum Wage Act by the Government will be calculated and effect will be given with effective date as per Government notification. The rates quoted by the Bidder in the online Price Bid shall be inclusive of cost of all labor, supervision, cost of safety supervisor, transportation, safety equipments & PPEs, Rents, State Government or Local body Taxes or Duties, Turn over Tax, Work Contract Tax, or any other duty / tax (excluding Service Tax), levied by the Central, State Government or other Public bodies etc…and such other costs that are not specifically mentioned herein but will be incurred by the contractor for the satisfactory and timely completion of the work. The quoted rates shall be deemed to include for everything mentioned in the specification, all leads & lifts, contractor’s overheads & profits for due performance of the work under this contract and such other costs that are not specifically mentioned herein but will be incurred by the contractor for the satisfactory and timely completion of the work. The rates shall also include cost for mobilization / demobilization of manpower, etc... The price/rate quoted by CONTRACTOR shall be considering mobilization of all required manpower, & for timely and satisfactory completion of all scope of work. The value and/or quantum of work may be increased or decreased depending upon day to day requirement. However, item rates remains unchanged and the payment shall be made as per the actual quantity executed as informed & certified by GIPCL representatives.
Sample 1

Related to VARIATION IN MINIMUM WAGE RATE

  • Wage Rate The hourly rates for full-time junior and adult apprentices as set out in this agreement shall apply to school based apprentices except that the school based apprentice for pay purposes will be paid a further 25% of hours to the actual hours worked for off the job training.

  • Wage Rates Contractor shall post a copy of the wage rates at the job site and shall pay the adopted prevailing wage rates as a minimum. Pursuant to the provisions of Section 1773 of the Labor Code of the State of California, the Board of Supervisors has obtained the general prevailing rate of per diem wages and the general prevailing rate for holiday and overtime work in this locality for each craft, classification, or type of xxxxxxx needed to execute this Contract from the Director of the Department of Industrial Relations. These rates are on file with the Clerk of the Board of Supervisors. Copies may be obtained at cost at the office of County's OC Public Works/OC Facilities & Asset Management/A&E Project Management or visit the website of the Department of Industrial Relations, Prevailing Wage Unit at xxx.xxx.xx.xxx/XXXX/XXX. The Contractor shall comply with the provisions of Sections 1774, 1775, 1776 and 1813 of the Labor Code.

  • Supported wage rates Employees to whom this clause applies shall be paid the applicable percentage of the minimum rate of pay prescribed by this Agreement for the class of work which the person is performing according to the following schedule: * (Provided that the minimum amount payable shall be not less than $45 per week). Where a person’s assessed capacity is 10%, they shall receive a high degree of assistance and support.

  • PREVAILING WAGE RATES The contractor shall comply with prevailing wage rates as defined by the United States Department of Labor Xxxxx-Xxxxx Wage Determination at xxxx://xxx.xxx.xxx/whd/contracts/dbra.htm and at the Wage Determinations website xxx.xxxx.xxx for Xxxxxx County, Texas (WD-2509).

  • Annual Percentage Rate Each Receivable has an APR of not more than 25.00%.

  • Maximum or Minimum Interest Rate If specified on the face hereof, this Note may have either or both of a Maximum Interest Rate or a Minimum Interest Rate. If a Maximum Interest Rate is so designated, the interest rate for a Floating Rate Note cannot ever exceed such Maximum Interest Rate and in the event that the interest rate on any Interest Reset Date would exceed such Maximum Interest Rate (as if no Maximum Interest Rate were in effect) then the interest rate on such Interest Reset Date shall be the Maximum Interest Rate. If a Minimum Interest Rate is so designated, the interest rate for a Floating Rate Note cannot ever be less than such Minimum Interest Rate and in the event that the interest rate on any Interest Reset Date would be less than such Minimum Interest Rate (as if no Minimum Interest Rate were in effect) then the interest rate on such Interest Reset Date shall be the Minimum Interest Rate. Notwithstanding anything to the contrary contained herein, the interest rate on a Floating Rate Note shall not exceed the maximum interest rate permitted by applicable law.

  • Minimum Excess Availability Borrower shall have Excess Availability under the Revolving Credit Loans facility of not less than the amount specified in the Schedule, after giving effect to the initial advance hereunder and after giving effect to any applicable Loan Reserves against borrowing availability under the Revolving Credit Loans.

  • Intent to Limit Charges to Maximum Lawful Rate In no event shall the interest rate or rates payable under this Agreement, plus any other amounts paid in connection herewith, exceed the highest rate permissible under any law that a court of competent jurisdiction shall, in a final determination, deem applicable. Borrower and the Lender Group, in executing and delivering this Agreement, intend legally to agree upon the rate or rates of interest and manner of payment stated within it; provided, however, that, anything contained herein to the contrary notwithstanding, if said rate or rates of interest or manner of payment exceeds the maximum allowable under applicable law, then, ipso facto, as of the date of this Agreement, Borrower is and shall be liable only for the payment of such maximum as allowed by law, and payment received from Borrower in excess of such legal maximum, whenever received, shall be applied to reduce the principal balance of the Obligations to the extent of such excess.

  • Definition of Regular Straight Time Rate of Pay The regular straight time rate of pay is that prescribed in wage schedule of the Collective Agreement.

  • CLASSIFICATIONS AND WAGE RATES A current list of Field job classifications and applicable wage rates for the Nevada Irrigation District are set forth in the District Wage Schedule.

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