What is the pay scale for Ais Further Extension of Timelines Recording of Par?
The sanctioned remuneration is Rs. 25,500 - 29,200 (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 20-09-2023. Candidates are urged to finalize submissions in advance of the deadline.
How to verify authentic notification circulars from IBBI Authority?
All official notifications and gazetted circulars are published directly on the verified sovereign domain ibbi.gov.in. Always cross-check notice references against primary government bulletins.
Explore verified public authorities and related career tracks across the national network:
Register the entity on the GeM portal or CPPP using a valid Class-III Digital Signature Certificate to obtain necessary procurement tokens and access the IBBI tender dashboard for document downloads.
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Participate in the mandatory pre-bid clarification meeting to seek technical and commercial deviations, ensuring all queries are submitted within the stipulated timeline to receive official addendums from the IBBI authority.
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Submit the two-cover bid comprising the technical proposal, including credentials and compliance documents, and the financial bid, ensuring no price information is disclosed within the technical cover to avoid disqualification.
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Undergo the technical evaluation process where the committee assesses eligibility criteria; successful bidders proceed to the commercial BoQ opening, where the L1 bidder is identified based on the lowest quote.
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Receive the formal Letter of Award (LoA) from the IBBI authority, followed by the signing of the Service Level Agreement and submission of the required Performance Bank Guarantee within the specified timeframe.
Technical Qualification Matrix & Due Diligence Standards
Bidders participating in Ais Further Extension of Timelines Recording of Par 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
The bidder must provide proof of successful execution of at least two similar projects involving administrative database management or performance appraisal system support for government entities or autonomous bodies.
Statutory Benchmark
The bidder must possess valid statutory registrations including GSTIN, PAN, EPF, ESI, and a valid Labor License, ensuring full compliance with prevailing Indian labor and tax laws throughout the contract.
Statutory Benchmark
MSMEs and DPIIT-recognized startups are eligible for exemption from EMD and prior turnover/experience requirements under Rule 170 of GFR 2017, provided they submit valid Udyam or Startup registration certificates.
The contract valuation for the extension of timelines for recording Performance Appraisal Reports (PAR) at IBBI must be derived from a realistic cost estimate based on man-month rates or service-level deliverables. Per GFR 2017, an EMD of 2 percent of the estimated value is mandatory to ensure bidder seriousness, though MSMEs are exempt under Rule 170. A Performance Bank Guarantee (PBG) of 3 to 5 percent of the total contract value is required from the successful bidder to secure performance obligations. The tender document fee is non-refundable, reflecting administrative processing costs. Liquidated Damages (LD) are strictly capped at 0.5 percent per week of delay, with a maximum ceiling of 10 percent of the contract value. These parameters ensure financial discipline, mitigate risks of non-performance, and align with standard public procurement practices for professional services within the Indian regulatory framework.
General Conditions of Contract (GCC) & Integrity Compliance
The contract shall be governed by the General Financial Rules (GFR) 2017. Disputes shall be resolved through the Indian Arbitration and Conciliation Act, 1996, with the venue in New Delhi. Billing will follow a milestone-based approach linked to the successful recording and verification of PARs. A Defect Liability Period (DLP) of six months post-completion ensures system integrity. An Integrity Pact is mandatory for high-value contracts to ensure transparency and prevent corrupt practices. All deliverables must meet the specified service levels, failing which the IBBI authority reserves the right to invoke penalty clauses or terminate the contract for material breach.
Procurement & Bidding FAQs — Ais Further Extension of Timelines
Are Joint Ventures permitted to bid for this IBBI project?
Joint Ventures are generally not permitted unless explicitly stated in the tender document; bidders are encouraged to participate as a single entity to ensure clear accountability.
What is the prescribed format for the EMD Bank Guarantee?
The EMD Bank Guarantee must be submitted in the standard format provided in the tender annexure, issued by a scheduled commercial bank, and remain valid for 45 days beyond the bid validity.
What is the standard bid validity period for this procurement?
The standard bid validity period is 180 days from the date of technical bid opening, during which the bidder cannot withdraw or modify their offer.
Does the contract include a price variation clause for inflation?
No, this is a fixed-price contract. Bidders must account for all potential cost escalations, including statutory wage revisions, within their quoted rates for the entire duration of the contract.
How are technical evaluation marks assigned to bidders?
Technical evaluation is based on a pass-fail criteria against the defined eligibility standards; only technically qualified bidders who meet all mandatory requirements proceed to the financial bid opening.
Can a bidder request an extension for the bid submission deadline?
Requests for extension must be submitted in writing before the pre-bid meeting; the IBBI authority reserves the sole discretion to grant extensions based on the necessity and volume of queries.