Administration Manual - B.E.S.T. Undertaking.

6.8.7.4 Bills in respect of commissions payable to auctioneers.
The auctioneer appointed by the Undertaking is paid commission as
per the terms of contract on the total sales value realized in each
auction. These bills when received from the Materials Management
Department are released for payment by this Section after ascertaining
the commission to be paid on the sales value.
6.8.8 An entry of the same is made in the Sales Tender Register.
Checking of monthly revenue receivable from the Agents appointed to
advertise on our buses and shelters, hoardings, kiosks and electric
clocks.
Sole Agents are appointed to advertise on our buses and shelters,
hoardings, kiosks and on backside of tickets with the sanction of the
competent authority under the provisions of Section 460 Q of the
M.M.C. Act.
6.8.8.1 Advertisement on buses and shelters
Tender are invited by the Engineering and Civil Departments for sole
agency to advertise on our buses and bus queue shelters. The period
of contract is generally for 3 years with an option for the Undertaking
to renew it for a further period of 1 year i.e. 3 months at each occasion.
Offers are invited on the basis of a minimum guaranteed amount per
year and the percentage share of the Undertaking. The most
favourable offer to the Undertaking is accepted with the sanction of the
Committee and Corporation as required under Section 460 (Q) (d). The
Sole Agent is required to abide by the general conditions of tender.
Whenever a contract for advertisement is entered into by the Sole
Agent with an advertiser, it is sent to the Sr. AOTE / AGM(C) for his
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approval and the same is scrutinized by Audit. The rates are fixed by