Custom Bid For Services - AMC FURNACES LOCATED IN BUILDING 1, DSPS, AND BUILDING 50 AT BHEL, TRICHY

PAYMENT OF SALARIES AND WAGES: Service Provider is required to pay Salaries / wages of contracted staff deployed at buyer location first i.e. on their own and then claim payment from Buyer alongwith all statutory documents like, PF, ESIC etc. as well as the bank statement of payment done to staff.

• 2.Buyer Added Bid Specific Scope Of Work(SOW) Text Clause(s) PAYMENT TERMS 1 Payment will be made after completion of work on pro-rata basis based on actual work execu ted as per BOQ after acceptance and certification of Area in charge (BHEL Executive). Paymen t shall be made as follows on submission of bill complete in all respect. · 90 days from the date of creation of the service Entry sheet for non-Micro, Small and Medium Enterprises · 60 days from the date of creation of the service Entry sheet for Medium Enterprises (U DYAM Certificate to be submitted) · 45 days from the date of creation of the service Entry sheet for MSE (for Micro and Sm all enterprises only- UDYAM Certificate to be submitted). If UDYAM Certificate not submitted substantiating the same, payment will be proce ssed in Non MSME basis 2 Along with bills, Contractors has to furnish copy of the following documents for further processing of bills:
• a.The Contractor shall submit the bill within a week after at the end of each month in tripli cate copies detailing the various items of work done during the month supported by the r equisitions issued from time to time
• b.Any other relevant document which is required from time to time as per BHEL requirement. 3 The Contractor shall, once in every month, submit to the respective area HOD separately det ails of their claims for the work done by them up to and including the previous. He should in ad dition furnish a clear certificate to the effect that the claims submitted by him as aforesaid cov er all his claims and that no further claims shall be raised by him in respect of the work done u p to and including the period under report. Payment will be at the sole discretion of BHEL. 4 The proof of execution of work should be submitted along with each bill (printed form with co vering letter and proof for execution of work). 5 If the Contractor is not registered for any statutory obligation and not liable thereto, then a d eclaration shall be submitted along with offer that they are within the threshold limit. 6 No advance may be paid for operational or any other expenses. 7 Goods and Services tax will be payable extra by BHEL at prevailing rates and corresponding TDS will be made as per Government norms. PAYMENT GUIDELINES · In respect of procurement of goods or services from Micro, Small and Medium enterprises (M SMEs), the settlement of invoice shall be only through any of the TReDS platform ((i.e RXIL , Ml xchange, lnvoicemart, KReDX, C2FO), authorised by the Reserve Bank of India. Such MSME vendors to select their preferred TReDS platform before award of contract so that the data is captured in the Order/ Contract database of the Unit. · They also will have the option to change the TReDS platform from the drop down menu on Su vidha portal of BHEL, at the time of invoice submission. Wherever the Trade Receivable is acc epted by BHEL, the same shall be validated by the Unit on the respective TReDS platform sele cted by the vendor. · The routing of invoices through the TReDS platform shall not be construed as mandating disc ounting of such invoices and the MSMEs supplier shall have the option to avail or not avail fina ncing or discounting of its receivables on the TReDS platform. · In case discounting is not availed by the supplier on TReDS, the trade receivables will be paid through TReDS as per the payment timelines indicated in the contract.