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ABC Engineering College and FACE Prep have decided to lay down the
following as terms and conditions of the MoU. New terms and conditions
can be added in the future with mutual consent of both the parties. This
however has to be in writing or over email.
General Terms:
1. As a part of this agreement, FACE Prep will provide the client with
comprehensive training and placement services for the students of
the client.
2. The number of students to be trained and the program window,
during which training and placement activities will be conducted for
the students by FACE Prep is mentioned in Annexure 1.
3. Primary Contact Person:
a. The Primary Contact Person from FACE Prep for the client will
be
Name: Dinesh Raja
Designation: Cluster Manager - BD
Phone Number:
Email id:
b. The Primary Contact Person from Client for FACE Prep will be
Name:
Designation:
Phone Number:
Email id:
4. Contact details of person handling escalations: If either party is not
happy with the services rendered or the coordination efforts of the
other party, it can be escalated to
a. Escalation point of contact from Prep for the client will be
Name: Rajesh Kumar B
Designation: Co-Founder
Phone Number: 9943992020
Placement results based fees will be paid to FACE Prep by the client based
on students getting placed. The placement offers are classified into four
buckets based on the CTC offered to the students by the recruiter as
follows
S no Bucket Category Name CTC offered Price per
(in Lakhs Student
per annum)
For students getting placed in a particular month, FACE Prep will raise a
payment demand on the first working day of the subsequent month.
The client has to clear the payment demand within 15 days of receiving it.
In the event that the payment is not cleared by the stipulated timeline,
the services will be suspended till the payment dues are cleared.
A fixed fee of Rs 5,000 + GST per candidate will be paid to FACE Prep by
the client at the outset. FACE Prep will start training and placement
related activities only after receiving this payment.
Placement results based fees will be paid to FACE Prep by the client based
on students getting placed. The placement offers are classified into four
buckets based on the CTC offered to the students by the recruiter as
follows
S no Bucket Category Name CTC offered Total Placement
(in Lakhs results based
per annum) Fees per
Student*
*The value mentioned here is the sum of variable, incentive and bonus
components.
The client has to clear the payment demand within 15 days of receiving it.
In the event that the payment is not cleared by the stipulated timeline,
the services will be suspended till the payment dues are cleared.
The client can make payments to FACE Prep by Cheque or DD, favoring
“Focus 4-D Career Education Pvt. Ltd.” Payable at Coimbatore OR By
NEFT/ RTGS Transfer to:
Account No 053109000142765