This document provides details of components to be considered for loading in contractual estimates at MEJA URJA NIGAM (P) LIMITED, including:
1. Minimum wage rates as notified by the appropriate government.
2. Statutory benefits like PF at 13%, ESI at 3.25%, bonus at 8.33% (on wages up to Rs. 21,000), leave wages at 5%.
3. Other allowances like National Holiday, PMJBY, PMSBY, contractor's profit, safety expenses, other allowances for liveries/meals, and expenses for tools and plants.
This document provides details of components to be considered for loading in contractual estimates at MEJA URJA NIGAM (P) LIMITED, including:
1. Minimum wage rates as notified by the appropriate government.
2. Statutory benefits like PF at 13%, ESI at 3.25%, bonus at 8.33% (on wages up to Rs. 21,000), leave wages at 5%.
3. Other allowances like National Holiday, PMJBY, PMSBY, contractor's profit, safety expenses, other allowances for liveries/meals, and expenses for tools and plants.
This document provides details of components to be considered for loading in contractual estimates at MEJA URJA NIGAM (P) LIMITED, including:
1. Minimum wage rates as notified by the appropriate government.
2. Statutory benefits like PF at 13%, ESI at 3.25%, bonus at 8.33% (on wages up to Rs. 21,000), leave wages at 5%.
3. Other allowances like National Holiday, PMJBY, PMSBY, contractor's profit, safety expenses, other allowances for liveries/meals, and expenses for tools and plants.
Details of components to be taken into consideration for loading in contractual estimates at MUNPL
S.No. Minimum Wage Old Loading Proposed loading Remarks
(%) As per minimum wage 1 Minimum Wage notified by the appropriate Government (presently as per rates notified by U.P Govt.)
In case the agency is availing
benefits under the Pradhan Mantri Garib Kalyan Yojana, 2 Provident Fund 13.00% 13.00% bills of the agency for the relevant period to be adjusted in line with SOP circulated vide CGM (HR), COE-II OM Dated 07/07/2020. Employees State 3.25% 3.25% 3 Insurance 8.33% 8.33% To be considered upon 4 Bonus* applicable wages not exceeding Rs. 21000/-p.m. 5 Leave with wages# 5.00% 5.00% In case of contract period of 240 days or more. 6 Retrenchment 4.91% 4.91% Compensation#
7 National Holiday 0.98% 0.98% For 26th January (Republic Day),
15th August (Independence Day) and 2nd October (Gandhi Jayanti). 8 Pradhan Mantri Premium of Premium of Rs.330/- Jeevan Jyoti Bima Rs.330/- Per annum per worker Cost of annual to be loaded in Yojna (PMJJBY) Per annum per the contract worker Value. Documentary evidence to 9 Pradhan Mantri Premium of Premium of Rs.12/- be submitted by contracting Suraksha Bima Yojna Rs.12/- Per annum per worker agency for reimbursement. (PMSBY) Per annum per worker 10 Contractor’s Profit 10.00% 10.00% As per practice, on minimum wage component only. 11 Safety 2% (For O&M) 2% (For O&M) Detailed circular in this regard 1% (For Non- 1% (For Non-Technical may be issued by Safety/TS. Technical works) works) 12 Other Allowance Not exceeding 4% Allowances for liveries, tea, (Mobile, T&P, 4% snacks and meal as per the work Liveries, Tea, etc.) requirement. (Excluding T&P) 13 T&P - 6%
(*): To be paid to the worker the end of contract or within 8
months from from the end of accounting year, whichever is earlier.
(#): To be paid at the end of contract period along with final.