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Repair to BT roads at Jaggayyapet Lime Stone Mines. - Vizag Steel

Repair to BT roads at Jaggayyapet Lime Stone Mines. - Vizag Steel

Repair to BT roads at Jaggayyapet Lime Stone Mines. - Vizag Steel

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33. In case the tenderers revoke / withdraw / cancel their tender or they vary any terms of their tender during the<br />

validity period of the tender without the written consent of Visakhap<strong>at</strong>nam <strong>Steel</strong> Plant (VSP) or in the event of VSP<br />

accepting their tender and fail <strong>to</strong> deposit the required security money, execute the Agreement and fail <strong>to</strong> start the<br />

work within reasonable time (<strong>to</strong> be determined by the Engineer) after written acceptance of their tender – EMD<br />

submitted by them will be forfeited by VSP<br />

34. Agencies are required <strong>to</strong> submit Bank Guarantee for the value as decided by the Engineer as a Security while taking out<br />

Equipment/Components/m<strong>at</strong>erials of VSP <strong>to</strong> their workshop situ<strong>at</strong>ed outside the VSP premises for carrying out repairs.<br />

35. In case of any st<strong>at</strong>u<strong>to</strong>ry revision in the minimum wages payable <strong>to</strong> contract workmen as notified<br />

by the Regional Labour Commissioner (Central), Hyderabad, Escal<strong>at</strong>ion shall be paid as per the<br />

following formula :<br />

WHERE :<br />

V = Escal<strong>at</strong>ion payable<br />

V = L x W x (X – Xo)<br />

L = Labour content as percentage of the work is 25% .<br />

Xo<br />

W = Gross value of work done on the basis of Contract r<strong>at</strong>es for the period for which vari<strong>at</strong>ion is<br />

applicable.<br />

X = Revised Weighted Average of RINL / VSP approved estim<strong>at</strong>ed wage r<strong>at</strong>es of Unskilled (USW),<br />

Semi-skilled (SSW) and Skilled (SKW) c<strong>at</strong>egories of Workers as notified by the Regional Labour<br />

Commissioner (Central), Hyderabad for the period under consider<strong>at</strong>ion for the contract on the<br />

basis of actual mandays present by different c<strong>at</strong>egories of contract labour (USW, SSW and SKW)<br />

during the billing period.<br />

Xo = Weighted Average of existing RINL / VSP approved estim<strong>at</strong>ed wage r<strong>at</strong>es of USW, SSW and SKW<br />

WHERE<br />

considered in the estim<strong>at</strong>e of this tender (which is based on the minimum wages notified by<br />

the Com missioner of Labour, Government of Andhra Pradesh, Hyderabad (for the contract on<br />

the basis of actual mandays present by different c<strong>at</strong>egories of contract labour (USW, SSW and<br />

SKW) during the billing period.<br />

X = (a x USR + b x SSR + c x SKR) / (a + b + c)<br />

Xo = (a x USRo + b x SSRo + c x SKRo) / (a+b+c)<br />

WHERE<br />

a = Mandays present by USW during the Billing period<br />

b = Mandays present by SSW during the Billing period<br />

c = Mandays present by SKW during the Billing period<br />

USR = Revised RINL / VSP approved estim<strong>at</strong>ed wage r<strong>at</strong>e of USW <strong>at</strong> the time of Billing<br />

SSR = Revised RINL / VSP approved estim<strong>at</strong>ed wage r<strong>at</strong>e of SSW <strong>at</strong> the time of Billing<br />

SKR = Revised RINL / VSP approved estim<strong>at</strong>ed wage r<strong>at</strong>e of SKW <strong>at</strong> the time of Billing<br />

USRo = RINL/VSP estim<strong>at</strong>ed wage r<strong>at</strong>es of USW based on which the estim<strong>at</strong>e of work is prepared<br />

SSRo = RINL/VSP estim<strong>at</strong>ed wage r<strong>at</strong>es of SSW based on which the estim<strong>at</strong>e of work is prepared<br />

SKRo = RINL/VSP estim<strong>at</strong>ed wage r<strong>at</strong>es of SKW based on which the estim<strong>at</strong>e of work is prepared

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