Payment. Payment for those supplies will be made which were ordered, supplied and accepted. Payment will be made in Indian rupees only through RTGS/NEFT within reasonable time i.e.15 days from the receipt of the consignment, if the items are in good condition and there are no discrepancies of any nature.
Payment a) The Contractor should ensure payments to the workers as per latest minimum wages act and other statutory regulations on or before 7Th of every month irrespective of fact that previous monthly bill is paid or not by the NABARD.
b) The payment for deployment of manpower for up-keeping of the Firefighting equipment in the premise will be made on monthly basis and on submission of the bills for the same. The bill shall be certified by the Caretaker/Xxxxx. Caretaker and Protocol and Security Officer.
c) The Contractor may ensure payment of minimum wages as stipulated by Ministry of Labour, Govt. of India and all other statutory payments thereof. The proof for such payments/certificates shall be produced by the Contractor along with the monthly bills.
d) Xxxx shall be submitted by the Contractor in the first week of every month for the work carried out during the previous month.
e) The bill should be accompanied with documents/ certificates indicating payment details like wages, PF, ESI etc. duly signed by the contractor. Payment to workers to be made through bank only and necessary documents like copy of e- passbooks are to be submitted by the contractors. Attendance sheet of workers shall be enclosed with the bill. Bills without these documents will not be accepted for payment and the contract may be liable to be terminated and EMD/RMD will be forfeited.
f) Work slips will be issued for extra works and they are to be submitted on a consolidated basis as a single xxxx xx x month for settlement.