What is the pay scale for Shortlisted Candidates List Against Project Universal?
The sanctioned remuneration is ₹, (Level-4) under the 7th Central Pay Commission framework, accompanied by standard Central/State allowances including Dearness Allowance (DA), House Rent Allowance (HRA), and National Pension System (NPS) benefits.
What is the official application deadline?
The confirmed deadline for online application registration and fee settlement is 2026-09-30. Candidates are urged to finalize submissions in advance of the deadline.
How to verify authentic notification circulars from HSFC Authority?
All official notifications and gazetted circulars are published directly on the verified sovereign domain hsfc.gov.in. Always cross-check notice references against primary government bulletins.
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Bidders must complete mandatory registration on the GeM portal or CPPP using valid Digital Signature Certificates (DSC) to obtain system-generated tokens for secure participation in the electronic tendering process.
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A pre-bid clarification meeting will be convened to address technical queries and scope ambiguities, ensuring all prospective bidders have a uniform understanding of the Project Universal requirements before submission.
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Participants must submit a two-cover bid system, where the technical cover includes credentials and compliance documents, while the financial cover contains the priced BoQ, ensuring separation of technical and commercial evaluation.
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Upon successful technical qualification, the commercial BoQ of eligible bidders will be opened electronically, and the L1 bidder will be identified based on the total quoted value inclusive of taxes.
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The HSFC Authority will issue a formal Letter of Award (LoA) to the successful bidder, initiating the contract signing process and the submission of the required Performance Bank Guarantee.
Technical Qualification Matrix & Due Diligence Standards
Bidders participating in Shortlisted Candidates List Against Project Universal 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 percent of the estimated contract value during the last three consecutive financial years, supported by audited balance sheets.
Statutory Benchmark
Bidders must provide proof of successful execution of at least one similar project of comparable scope and complexity within the last five years, verified by completion certificates from government clients.
Statutory Benchmark
Mandatory submission of valid GSTIN, PAN, EPF, ESI registration certificates, and a valid Labor License is required to ensure full statutory compliance with Indian labor and tax laws.
Statutory Benchmark
In accordance with Rule 170 of GFR 2017 and the Public Procurement Policy for MSEs, registered MSMEs and Startups are exempted from EMD submission upon production of valid Udyam or DPIIT certificates.
The contract valuation for Project Universal requires a rigorous cost estimation aligned with GFR 2017 guidelines. An Earnest Money Deposit (EMD) of 2 percent of the estimated value is mandatory to ensure bidder seriousness, though MSMEs may seek exemptions under Rule 170. The Performance Bank Guarantee (PBG) is set between 3 to 5 percent of the contract value to secure performance obligations throughout the tenure. Tender document fees are non-refundable to cover administrative processing costs. Liquidated Damages (LD) are strictly enforced at 0.5 percent per week of delay, capped at 10 percent of the total contract value, ensuring timely delivery. Financial evaluation will prioritize the lowest evaluated responsive bidder (L1) based on the Bill of Quantities (BoQ). All financial transactions and guarantees must adhere to the standard formats prescribed by the HSFC Authority to maintain fiscal transparency and mitigate financial risk during the project lifecycle.
General Conditions of Contract (GCC) & Integrity Compliance
The contract adheres to the General Conditions of Contract (GCC), mandating dispute resolution through the Indian Arbitration and Conciliation Act, 1996, with the venue fixed at the HSFC Authority headquarters. Payments are structured on a milestone-based billing system linked to verified deliverables. A Defect Liability Period (DLP) of 12 months post-completion is enforced to ensure quality standards. Furthermore, an Integrity Pact is mandatory for this procurement to uphold transparency, prevent corruption, and ensure ethical conduct by both the procuring entity and the successful contractor throughout the project duration, strictly following CVC guidelines.
Procurement & Bidding FAQs — Shortlisted Candidates List Against
Are Joint Ventures permitted to participate in this tender?
Joint Ventures are permitted provided they meet the cumulative technical and financial criteria, with the lead member holding at least 51 percent stake.
What is the prescribed format for the EMD Bank Guarantee?
The EMD Bank Guarantee must be issued by a scheduled commercial bank in India, strictly following the pro-forma provided in the tender document.
What is the standard bid validity period for this procurement?
The bid validity period is 180 days from the date of technical bid opening, during which the quoted prices must remain firm.
Does the contract include a Price Variation Clause?
No, this is a fixed-price contract, and no price variation or escalation will be entertained during the tenure of the project.
How are technical evaluation marks calculated?
Technical evaluation is based on a pass-fail criteria against the defined eligibility standards rather than a weighted scoring system.
Can a bidder submit multiple bids for the same project?
No, a bidder can submit only one bid; multiple bids from the same entity will lead to summary rejection of all submissions.