Dear Amit,
You have received many reviews and suggestions from members. I would like to add the below:
1. As I suggested, please release some amount that is enough for distributing the salary. Holding only 5% is not enough because the agency may refuse to distribute the salary. Even though they have submitted the PF-ESI challan to you, it is not confirmed whether the security staff deployed at your bank are covered under the challan or not (this can be confirmed only after checking the ECR and challan altogether). Since it is a new contract, they may have not deposited the PF-ESI. As a PE, you will ultimately be held responsible for the compliances.
2. I would not suggest changing the agency since you are following DGR rules. If the agency is also complying with DGR standards regarding other sites, it indicates that the agency is not ordinary. You need to handle the situation with techniques and strategy. Do not give them much scope to escape and leave the liability on you. However, do not withhold/deduct so much that they are unable to operate day-to-day activities.
3. Call upon persons from Marketing and F&A Team to discuss the matter. Convince them about the compliances. Always withhold one month's payment. If they have a significant fund shortage, release the payment against submission of BG.
4. I am providing below a format, please compare the quotation with the contents and ask the agency to provide the proof accordingly on a monthly basis.
1. Basic
2. D.A.
3. Total (A)=(1+2)
4. Washing allowance
5. Total B=(3+4)
6. PF @ 13.36% (On Total A)
7. ESIC @ 4.75% (On Total A)
8. Total (C)=(5+6+7)
9. Reliever Charges @ 16.67% or 1/6th (Weekly off) on wages part (Total B)
10. ESIC @ 4.75% on Reliever
11. Total (D)=(9+10)
12. Service Charges @ ===
13. Total (E)=(11+12)
5. If after making all the above efforts the agency is not working as per your requirements, proceed to release a new tender, but provide them with an adequate notice period (1 month). Before selecting the L1, please check all the contents regarding compliances, welfare, payment terms, etc.
From India, Delhi
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95You have received many reviews and suggestions from members. I would like to add the below:
1. As I suggested, please release some amount that is enough for distributing the salary. Holding only 5% is not enough because the agency may refuse to distribute the salary. Even though they have submitted the PF-ESI challan to you, it is not confirmed whether the security staff deployed at your bank are covered under the challan or not (this can be confirmed only after checking the ECR and challan altogether). Since it is a new contract, they may have not deposited the PF-ESI. As a PE, you will ultimately be held responsible for the compliances.
2. I would not suggest changing the agency since you are following DGR rules. If the agency is also complying with DGR standards regarding other sites, it indicates that the agency is not ordinary. You need to handle the situation with techniques and strategy. Do not give them much scope to escape and leave the liability on you. However, do not withhold/deduct so much that they are unable to operate day-to-day activities.
3. Call upon persons from Marketing and F&A Team to discuss the matter. Convince them about the compliances. Always withhold one month's payment. If they have a significant fund shortage, release the payment against submission of BG.
4. I am providing below a format, please compare the quotation with the contents and ask the agency to provide the proof accordingly on a monthly basis.
1. Basic
2. D.A.
3. Total (A)=(1+2)
4. Washing allowance
5. Total B=(3+4)
6. PF @ 13.36% (On Total A)
7. ESIC @ 4.75% (On Total A)
8. Total (C)=(5+6+7)
9. Reliever Charges @ 16.67% or 1/6th (Weekly off) on wages part (Total B)
10. ESIC @ 4.75% on Reliever
11. Total (D)=(9+10)
12. Service Charges @ ===
13. Total (E)=(11+12)
5. If after making all the above efforts the agency is not working as per your requirements, proceed to release a new tender, but provide them with an adequate notice period (1 month). Before selecting the L1, please check all the contents regarding compliances, welfare, payment terms, etc.
From India, Delhi
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No, sir. If it is a washing allowance, it would have been stated as such. Uniform allowance is the money given to the contractors to pay for uniforms for their employees who are deployed at the site, and that is the uniform practice. This is why I said I would like to see the terms originally written.
From India, Mumbai
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From India, Mumbai
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