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visakhapatnam steel plant materials management ... - Vizag Steel

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9.0 Ownership of the left out material after completion of the contract:This is a time bound contract. For each catalogue item, the successfultenderer will submit the list of required <strong>materials</strong> and their quantities. Thematerial mentioned in the list will be supplied to VSP Stores. Within thecontract period, if all the catalogue quantities are consumed, the leftover<strong>materials</strong> if any, in the list mentioned above shall belong to VSP. If thecatalogue quantities are not consumed within the contract period, leftoverproportionate listed <strong>materials</strong> for the consumed quantities shall belong to VSP.If the contractor brings the material over and above the listed materialquantities as mentioned above, the leftover material will be returned to thecontractor.10.0 Important Information for the tenderers:The party shall note that all the labour employed for the job shall be paidminimum wages as prescribed by the central government and also party shallnote that they shall revise the minimum wages as and when Governmentrevises. Party shall note that it is a statutory requirement which cannot beviolated. Hence to take care of that aspect the rate variation clause isincorporated which is as mentioned below.10.1 RATE VARIATION:For the service cost(W0) quoted by the tenderer, VSP will compensate anyincrease in the minimum wages of Semi-skilled workers only for items basedon revision in Minimum Wages, if any, as per Regional LabourCommissioner(Central), Hyderabad as per the following formula or vice versa.The tender may please note that the present rate for an Semi-skilled workerper man day of 8 Hours work excluding Lunch Break is Rs.262/- (Rupees twohundred and sixty two only) as notified by RLC (CENTRAL), HYD videNo.47(02)/2012-C2 Dt.27.09.2012.W1 = W0[0.75 + 0.25(X/X0)]Where,W1 = Revised Wages for job contract for doing miscellaneousjob and Unexpected workW0 = Base Rate given in the ContractX = Revised Minimum Wages of Semi-skilled Workeras notified by Regional Labour Commissioer(Central),Hyderabad.X0 = Minimum Wage of Semi-skilled worker as on TenderOpening Date.11

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