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  • Estimation Sheet of Electrical Maintenance at Btso Haldia 2022 23

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    Shekhar Anand
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    The document provides an estimated value for an electrical maintenance contract at BTSO, Haldia over a period of one year plus one year of operation. It details the monthly wages and statutory charges for 4 employees which amounts to Rs. 88,115 per month. Factoring in a 15% profit margin and administrative costs, the total contract value for one year is estimated to be Rs. 10,57,373 or approximately Rs. 10,60,000 rounded off. The estimates are based on the latest minimum wage circular and an average 5% annual escalation in wages from 2020-2022.

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    ESTIMATION_SHEET_OF_ELECTRICAL_MAINTENANCE_AT_BTSO_HALDIA_2022_23

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    The document provides an estimated value for an electrical maintenance contract at BTSO, Haldia over a period of one year plus one year of operation. It details the monthly wages and statutory charges for 4 employees which amounts to Rs. 88,115 per month. Factoring in a 15% profit margin and administrative costs, the total contract value for one year is estimated to be Rs. 10,57,373 or approximately Rs. 10,60,000 rounded off. The estimates are based on the latest minimum wage circular and an average 5% annual escalation in wages from 2020-2022.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    11 views1 page

    Estimation Sheet of Electrical Maintenance at Btso Haldia 2022 23

    Uploaded by

    Shekhar Anand
    The document provides an estimated value for an electrical maintenance contract at BTSO, Haldia over a period of one year plus one year of operation. It details the monthly wages and statutory charges for 4 employees which amounts to Rs. 88,115 per month. Factoring in a 15% profit margin and administrative costs, the total contract value for one year is estimated to be Rs. 10,57,373 or approximately Rs. 10,60,000 rounded off. The estimates are based on the latest minimum wage circular and an average 5% annual escalation in wages from 2020-2022.

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    © All Rights Reserved
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    of 1

    Estimated value of Contract & Tender Evaluation for Electrical Maintenance Contract at BTSO, Haldia

    Ref No.- CMO/BTSO/ Haldia/Electrical-O&M/2022-23 Dt. 14.07.2022


    Particulars Amount (Rs.) Remarks
    Monthly Wages of Skilled Labour( Basic As per Circular No:111/Stat/4RW/11/2022/LCS/JLC ;
    11176
    +VDA) Dt. 06.07.2022
    Likely escalation 5% in minimum wages for Based on Avg. year on year increase from 2020 to 2022
    11734.80
    the 1 year+1 year of operation( Basic)
    PF & EDLI Charges incl admin charges @13%
    1525.52

    ESIC@ 3.25% 381.38


    Bonus @ 8.33% on minimum wages or 7000
    977.51
    whichever is higher)
    HRA @8% on Basic 938.78
    Retrenchment Benefits 4.16% on monthly 488.17
    wages
    Total (A) 16046.17
    th
    Relieving Charges 1/6 of (A) 2674.36
    Total(B) 18720.53
    Number of Persons 4
    Cost per month for 4 employee 74882.11
    Profit@15% of above 11232.32
    Administrative & Miscellaneous cost(lump
    2000
    sum) per month
    Total (C) 88114.42 Rounded off 88,115
    Contract Value of One Year 1057373.06 Rounded off 10,60,000

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