Price Justification-JSW, AS PER CENTRAL MINIMUM WAGES W.E.

F 01st Apr 2020 (Mines)

Jajang Price is per 8 hour basis for 26 Days.
Security Guard Armed Guard Supervisor Security Officer / Inspector CSO/AM
Per Day 525.00 629.00 629.00 733.00 733.00
Basic Wages for 26 Days 11,362.00 13,598.00 13,598.00 15,860.00 15,860.00
VDA 2,288.00 2,756.00 2,756.00 3,198.00 3,198.00
Spl. Allowance - - - - 5,000.00
Gross 13,650.00 16,354.00 16,354.00 19,058.00 24,058.00
Provident Fund on MW 13.00% 1,774.50 13.00% 2,126.02 13.00% 2,126.02 13.00% 2,477.54 13.00% 2,477.54
ESI / WC 3.25% 3.25% 443.63 3.25% 531.51 3.25% 531.51 3.25% 619.39 3.25% 781.89
Gratuity 4.81% 4.81% 656.57 4.81% 786.63 4.81% 786.63 4.81% 916.69 4.81% 916.69
Bonus 8.33% on mw 8.33% 1137.05 8.33% 1362.29 8.33% 1362.29 8.33% 1587.53 8.33% 1587.53
Uniform / Accomodation 450.00 450.00 450.00 450.00 450.00
Sub Total A 18,111.74 21,610.44 21,610.44 25,109.15 30,271.65
Reliever cost 16.67% 3019.23 16.67% 3602.46 16.67% 3602.46 16.67% 4185.69 16.67% 5046.28
Sub Total B 21130.96 25212.90 25212.90 29294.84 35317.93
Leave Cost (9.93%) 9.93% 2,098.30 9.93% 2,503.64 9.93% 2,503.64 9.93% 2,908.98 9.93% 3,507.07
Sub Total C 23,229.27 27,716.54 27,716.54 32,203.82 38,825.00
Supervision,Operational
Overheads,Administrative
cost & contingency cost 0.00 0.00 0.00 0.00 0.00
Sub Total D 23,229.27 27,716.54 27,716.54 32,203.82 38,825.00
Service Charges (10%) 7% 1626.05 7% 1940.16 7% 1940.16 7% 2254.27 7% 2717.75

Grand Total 24,855.31 29,656.70 29,656.70 34,458.09 41,542.75

Proposed Price 24855 29657 29657 34458 41543

Note:- As & when minimum wage or VDA revision takes place, the same will be reimburshed as per the above calculation.

Note :Vehicle Cost of Rs 40000/- will be charged per vehicle.