Griid of Principal on Contract Basis in GRIID Recruitment
Official recruitment notice issued by Griid for the post of Principal. Review verified pay structure, eligibility, vacancies, and application guidelines.
Key Recruitment Specifications
Category-Wise Vacancy Reservation
| UR | Total |
|---|---|
| 1 | 1 |
Essential Educational Qualification
B.Tech / B.E (Engineering), MBBS / Medical Degree, Diploma / Technical Certificate. Candidates must ensure all certificates are verified prior to the cutoff date.
Selection Methodology
Personal Interview.
Frequently Asked Questions
| Cadre Designation | Vacancies | Pay Level | Deadline |
|---|---|---|---|
| Clerk | 1 | Rs. 25,500 - 29,200 | 2020-08-08 |
| Joint Director | 1 | Rs. 123,100 - 144,20 | 2026-07-13 |
| Occupational Therapist | 1 | Rs. 25,500 - 29,200 | 2026-07-13 |
| Joint Director | 1 | Rs. 123,100 - 144,20 | 2026-09-30 |
e-Procurement Bidding Roadmap & Portal Workflow
Register the entity on the GeM portal using a valid DSC and ensure all organizational credentials are verified to participate in the tender for the Principal position at GRIID.
Attend the pre-bid clarification meeting to address technical queries, scope ambiguities, or eligibility concerns, ensuring all clarifications are formally issued as corrigenda to maintain transparency for all prospective bidders.
Submit the two-cover bid comprising the technical proposal, including experience credentials and statutory documents, and the financial BoQ, ensuring no price details are disclosed within the technical cover.
Participate in the commercial BoQ financial opening process where the system automatically ranks bidders based on the lowest price, subject to the technical evaluation committee's prior qualification of the bids.
Receive the Letter of Award (LoA) upon successful selection, followed by the formal signing of the contract agreement and submission of the required Performance Bank Guarantee within the stipulated timeframe.
Technical Qualification Matrix & Due Diligence Standards
Bidders participating in Griid of Principal on Contract Basis in GRIID Recruitment must satisfy the multi-tiered technical, financial, and statutory qualifying covenants detailed below:
| Evaluation Benchmark | Mandated Technical & Financial Covenant |
|---|---|
| Statutory Benchmark | The bidder must demonstrate an average annual turnover of at least 30% of the estimated contract value during the last three financial years, supported by audited balance sheets. |
| Statutory Benchmark | The bidder must provide proof of executing at least one similar project or contract of equivalent nature and complexity within the last five years for a government or autonomous body. |
| Statutory Benchmark | Mandatory submission of valid GSTIN, PAN, EPF registration, ESI registration, and a valid Labor License under the Contract Labour (Regulation and Abolition) Act, 1970, is required for compliance. |
| Statutory Benchmark | MSMEs and Startups are eligible for exemption from EMD and prior turnover/experience requirements under Rule 170 of GFR 2017, provided they submit valid Udyam or DPIIT registration certificates. |
Financial Safeguards, EMD & Performance Security Guarantees
The contract valuation for the Principal on Contract Basis at GRIID must be derived from a realistic assessment of market-linked remuneration and administrative overheads. In accordance with GFR 2017, an EMD of 2% of the estimated value is mandatory to ensure bidder seriousness, though MSMEs may be exempted under Rule 170. A Performance Bank Guarantee (PBG) of 3-5% of the total contract value is required to secure performance obligations throughout the tenure. Tender document fees are generally waived on GeM, but if applicable, must be non-refundable. The Liquidated Damages (LD) clause is strictly set at 0.5% per week of delay, capped at 10% of the contract value, to mitigate risks of non-performance. Financial bids must be submitted via the GeM BoQ, ensuring transparency and adherence to the lowest evaluated responsive bidder (L1) principle, while maintaining strict fiscal discipline throughout the procurement lifecycle.
General Conditions of Contract (GCC) & Integrity Compliance
The contract shall be governed by the Indian Arbitration and Conciliation Act, 1996, with disputes settled through sole arbitration in the jurisdiction of the procuring entity. Billing shall be milestone-based, linked to satisfactory monthly performance reports. A Defect Liability Period (DLP) of six months post-contract completion ensures accountability for administrative lapses. An Integrity Pact is mandatory for high-value contracts to ensure transparency and prevent corrupt practices. All statutory deductions, including TDS and labor cess, will be applied at source. Compliance with the GFR 2017 guidelines remains paramount, ensuring that all service delivery standards meet the institutional requirements of GRIID.
Procurement & Bidding FAQs — Griid of Principal on Contract Basi
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Unless explicitly permitted in the tender document, JVs are generally discouraged for service contracts to ensure direct accountability of the primary service provider.
The EMD Bank Guarantee must be issued by a scheduled commercial bank in the specific format provided in the tender document, valid for at least 45 days beyond the bid validity.
The standard bid validity period is 90 days from the date of technical bid opening, during which the bidder cannot withdraw or alter their offer.
Generally, fixed-price contracts are preferred; however, if the contract duration exceeds two years, a limited price variation clause based on government-notified indices may be considered.
Technical evaluation is based on a pass-fail criteria against the specified eligibility standards, rather than a weighted scoring system, unless a Quality and Cost Based Selection (QCBS) is specified.
Yes, the PBG is released only after the successful completion of the contract period and the settlement of all dues, including any applicable liquidated damages.