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 Digital Signature Certificate (DSC) and ensure all organizational profile details are updated to meet the specific requirements of the tender.
Participate in the pre-bid clarification meeting to address technical ambiguities, scope of work queries, and contractual terms, ensuring all participants receive uniform responses through formal corrigendum uploads on the portal.
Submit the two-cover bid comprising the Technical Bid, containing credentials and compliance documents, and the Financial Bid, ensuring no price information is disclosed within the technical documentation to maintain integrity.
Upon successful technical evaluation, the commercial BoQ is opened for technically qualified bidders, where the L1 bidder is identified based on the lowest evaluated price in compliance with financial rules.
Issue the formal Letter of Award (LoA) to the successful bidder, followed by the execution of the formal contract agreement upon submission of the required Performance Bank Guarantee and statutory documents.
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 financial turnover of at least 30% of the estimated contract value during the last three consecutive financial years, supported by audited balance sheets. |
| Statutory Benchmark | The bidder must have successfully executed similar nature of work orders for government or reputed private institutions in the last five years, providing completion certificates as evidence of capability. |
| Statutory Benchmark | Mandatory possession of valid GSTIN, PAN, EPF registration, ESI registration, and a valid Labor License under the Contract Labour (Regulation and Abolition) Act is required for all bidders. |
| Statutory Benchmark | MSMEs and Startups are eligible for relaxation in prior turnover and experience criteria as per Rule 170 of GFR 2017 and the Public Procurement Policy, subject to submission of valid Udyam/DPIIT certificates. |
Financial Safeguards, EMD & Performance Security Guarantees
The contract valuation for the Principal on Contract basis must be derived from the approved budgetary allocation and market benchmarking. In accordance with GFR 2017, an Earnest Money Deposit (EMD) of 2% of the estimated value is mandatory to ensure bid seriousness, though MSMEs may seek exemption under Rule 170. A Performance Bank Guarantee (PBG) ranging from 3% to 5% of the contract value is required from the successful bidder to safeguard against performance failure. Tender document fees are generally waived on GeM, but if applicable, must be non-refundable. The contract shall incorporate a stringent Liquidated Damages (LD) clause, stipulating a deduction of 0.5% of the contract value per week of delay, capped at a maximum of 10%. These parameters ensure financial discipline, mitigate procurement risks, and align with the General Financial Rules governing public sector engagements for professional services.
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. Payments shall be processed based on verified milestone achievements rather than upfront advances. A Defect Liability Period (DLP) of twelve months post-completion ensures the quality of services rendered. Furthermore, for high-value contracts, an Integrity Pact must be signed to ensure transparency and prevent corrupt practices. All statutory deductions, including TDS and labor cess, will be applied as per prevailing tax laws, ensuring full compliance with the General Financial Rules and relevant labor regulations.
Procurement & Bidding FAQs — Griid of Principal on Contract Basi
Recommended Opportunities & Dossiers
Jun 12 2015 Dept of Environmental Studies Tenders
Public procurement tender for Jun 12 2015 Dept of Environmental Studies Tenders for Hplc published by Assam Ag...
Adwelfare Department (Government of Puducherr...
Verified ADWELFARE sovereign dossier: active Sarkari recruitments, 7th CPC pay scales, GeM public procurement ...
Cmgi Recruitment 2026 Official Vacancies, Cadre Matrix & App
Verified Central Government recruitment notices for Cmgi. Access consolidated sanctioned vacancies (6 posts), ...
Joint Ventures are generally not permitted unless explicitly specified in the tender document to ensure individual accountability and professional service delivery.
The EMD Bank Guarantee must be issued by a scheduled commercial bank in the format prescribed in the tender document, valid for 45 days beyond the final bid validity.
The standard bid validity period is 90 to 120 days from the date of technical bid opening, during which the bidder cannot withdraw their offer.
No, this is a fixed-price contract. Bidders must account for potential inflation or statutory wage revisions within their quoted rates for the entire contract duration.
Technical evaluation is based on a pass-fail criteria against the specified eligibility standards; only those meeting all mandatory requirements proceed to the financial bid stage.
Yes, the Performance Bank Guarantee can be submitted as a Demand Draft or Fixed Deposit Receipt (FDR) pledged in favor of the procuring entity, in addition to a Bank Guarantee.