hi , have recently joined an export firm.
my company is into manufacturing and export of engineering equipments and set up of entire sugar plant abroad. now company has got a new project of sugar plant set up at ethiopia for which have selected a sr person @ a salary package of 1,50,000 pm as Sr project coordinator.
as per details received he has to finish the assigned work in 3mnths. now my queries are- 1. can we keep him on contract of 3mnths? if yes then will he be covered for benefits like mendiclame, insurance policy?
2. how should i frame the contract terms and conditions for him?
can anyone help me regarding this?
pls reply
Akanksha
From India, Pune
my company is into manufacturing and export of engineering equipments and set up of entire sugar plant abroad. now company has got a new project of sugar plant set up at ethiopia for which have selected a sr person @ a salary package of 1,50,000 pm as Sr project coordinator.
as per details received he has to finish the assigned work in 3mnths. now my queries are- 1. can we keep him on contract of 3mnths? if yes then will he be covered for benefits like mendiclame, insurance policy?
2. how should i frame the contract terms and conditions for him?
can anyone help me regarding this?
pls reply
Akanksha
From India, Pune
Hello Akanksha, Why not speak to some Insurance Company who specialise in such policies? They could guide you better since they would be having such matters on thier fingertips. Rgds, TS
From India, Hyderabad
1637From India, Hyderabad
Hi Akansha, Usually a contractual employee is not given benefiets as a regular full time employee on pay roll unless the cotract specifies it. Regards, Gurpreet
From India, Pune
From India, Pune
You have selected a person as Sr.Project Coordinator @ Rs.1.50 lac per month for settling up sugar plant at Ethiopia and he has to finish the assignment within 3 months.
Under the circumstances, in my opinion, you may issue a Contract Work Order keeping the followings points in mind:-
a) Remuneration should be lumpsum , not on monthly basis.( which may be given in 3 installments like- 30 % on start up of assignment , 40% on completion of 50% job & balance 30 % on completion of entire assignment.
b) Period of completion of project
c) Penalty clause in case of failure in completion of job within the stipulated period
d) Whether TD/DA are to be paid extra or included in the remuneration
e) Whether other benefits like mediclame, insurance are to be provided extra or included in remuneration. If you have to provide extra, then take benefits from the Insurance Co.
Regards,
Sivadasan
From India, Udaipur
Under the circumstances, in my opinion, you may issue a Contract Work Order keeping the followings points in mind:-
a) Remuneration should be lumpsum , not on monthly basis.( which may be given in 3 installments like- 30 % on start up of assignment , 40% on completion of 50% job & balance 30 % on completion of entire assignment.
b) Period of completion of project
c) Penalty clause in case of failure in completion of job within the stipulated period
d) Whether TD/DA are to be paid extra or included in the remuneration
e) Whether other benefits like mediclame, insurance are to be provided extra or included in remuneration. If you have to provide extra, then take benefits from the Insurance Co.
Regards,
Sivadasan
From India, Udaipur
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