PENALTY. The Contractor shall maintain an attendance register duly certified by designated Bank’s staff and attach a copy of the same with monthly bills failing which no payments shall be released. In case, any of the personnel deployed by the contractor is absent and the contractor is unable to provide suitable substitute, a penalty amount of Rs.500/- per person per day shall be levied by the Bank in addition to the wages of the absent personnel(s) and the same shall be deducted from the contractor’s pending/subsequent bill. 40. The contractor shall also be compensated for any increase in minimum wages and increased liability towards contribution to other statutory requirements like EPF and ESI on account of such increase of wages during the contract period. However, the rates quoted by the contractor towards the service charges will remain same throughout the tenure of the contract. 41. While submitting monthly bills, the contractor should attach relevant bank statements of the labourers to ensure that the Minimum Wages have been duly paid to the labourers. The expenditure incurred by the contractor on account of increase in Minimum Wages will be taken into account by the Bank and the monthly bills will be settled accordingly. 42. The Contractor should submit the AMC agreement in bilingual format only. In case of any dispute arises, agreement clauses in English will be considered valid. 43. In case any deficiency in the services, non-use of approved materials is observed or brought to notice of the office, a proportionate/ appropriate amount form the monthly bill will be deducted as penalty for deficiency in services and in any case, it will not be refunded to the contractor, in future. 44. In the event of default being made in the payment of any money in respect of wages, EPF and ESI contribution of any person deployed by the contractor for carrying out of this contract and if a claim therefore is filed in the office of the Labour Authorities and proof thereof is furnished to the satisfaction of the Labour Authorities, the Bank may, failing payment of the said money by the contractor, make payment of such claim on behalf of the contractor to the said Labour Authorities and any sums so paid shall be recoverable by the Bank from the contractor. 45. The Contractor and his staff shall be under the general supervision and control of the Assistant Manager (Technical) /Junior Engineer or any other personnel deputed for the purpose by the Bank and shall obtain necessary...
PENALTY. Penalty shall be levied as per the terms and conditions of this RfP. 11.
PENALTY. If the supplier fails to complete the job within the stipulated time for what-so-ever reason, RCB will be entitled to charge liquidated damage @ 0.5% of the delivery order per week subject to a maximum of 10% of the accepted delivery order. Vender/ supplier is to supply batteries against supply order/ email confirmation.