WAGES TO BE PAID. The Bank will pay the Contractor the said contract amount, (hereinafter referred to ‘the Contract Sum’) or such other sum as shall become payable hereunder at the times and in the Price Bid and the said conditions. The payment will be made as per actual manpower deployed for the housekeeping works and on satisfactory completion of the work and on submission of thebill. All payments by the Bank under this contract will be made only at Jabalpur in Indian Rupees and shall be within 2 to 3 weeks from the submission of bills including period of checking subject to bills being complete in all respects as mentioned in the tender and, in the format, to be mutually agreed. Please note at the time of bill submission contractor produced all receipt of challan of each and every employee pertaining to works of ESIC, PF, Bonus, Account Statements of every employee in which salary has been credited of just previous month otherwise payment will not proceeds. All taxes prevailing during the currency of contract shall be payable by the Facility Management (FM) Service Contractor within the accepted tender amount only and the Bank will not entertain any claim whatsoever in this respect except GST. That the terms of this contract have been read by the FM Service Contractor and fully understood by him/ them. The FM Service Contractor shall not be entitled for the payments for the quantities beyond the tendered quantities unless ordered for, by specific instructions with prior approval from the Bank. The rate quoted shall be inclusive of bonus, house rent allowance, Employees provident fund, overtime, conveyance, food expenses etc. and the Employer shall not be responsible for any payment towards the above components. The following components should necessarily be present in the pay structure applicable to the house keeping staff and the break-up of same should be submitted by the Contractor in their price bid: Basic Pay • D.A. • EPF • ESIC • Bonus • Any other statutory compliances in details Please note that all the above components should be necessarily present in the pay structures to be adopted /paid to all the categories of staff viz. Facility manager, Manager, Supervisors, attendants (both male and female). The contractor may like to add any other component as they may desire to the above list to have better staff. The contractor shall compulsorily submit the detailed pay structures he proposes to give to each of his category (along with components as instructed above and...
