What is the pay scale for The Office at Giridih on Rent?
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 ICFRE Authority?
All official notifications and gazetted circulars are published directly on the verified sovereign domain icfre.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 procuring entity and vendors on the GeM portal using valid DSCs, ensuring all organizational credentials are verified to facilitate a transparent and audit-compliant electronic procurement process.
2
Conduct a pre-bid clarification meeting to address technical queries regarding office space specifications, location accessibility, and structural requirements, ensuring all prospective bidders have a uniform understanding of the scope.
3
Submit the two-cover bid consisting of a technical proposal detailing building specifications and a separate financial BoQ, ensuring all mandatory documents are uploaded before the stipulated deadline.
4
Perform the commercial BoQ financial opening for technically qualified bidders, where the L1 bidder is identified based on the lowest quoted rental rate inclusive of all applicable taxes.
5
Issue the formal Letter of Award (LoA) to the successful bidder, followed by the execution of a registered lease agreement incorporating all terms, conditions, and performance security requirements.
Technical Qualification Matrix & Due Diligence Standards
Bidders participating in The Office at Giridih on Rent 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 over the last three financial years, supported by audited balance sheets.
Statutory Benchmark
Submission of at least one similar work order for the leasing or management of commercial office space to a government or public sector entity within the last five years.
Statutory Benchmark
Mandatory possession of valid GSTIN, PAN, EPF, ESI registrations, and a valid Labor License, ensuring full compliance with all applicable central and state statutory regulations.
Statutory Benchmark
MSMEs and Startups are eligible for exemption from EMD and prior turnover requirements under Rule 170 of GFR 2017, provided they submit valid Udyam or DPIIT registration certificates.
The procurement for office space in Giridih by ICFRE requires a meticulous valuation based on prevailing market rentals in the region. Per GFR 2017, an EMD of 2% of the estimated annual contract value is mandatory to ensure bidder seriousness, though MSMEs may seek exemption under Rule 170. The Performance Bank Guarantee (PBG) is set at 3-5% of the total contract value to safeguard against non-performance during the lease tenure. Tender document fees are generally waived on GeM, but if offline, they remain non-refundable. The Liquidated Damages (LD) clause is strictly enforced at 0.5% per week of delay, capped at 10% of the contract value, ensuring the lessor adheres to possession timelines. Financial bids must account for statutory taxes, maintenance charges, and utility costs to ensure a transparent and compliant procurement process aligned with public financial management standards.
General Conditions of Contract (GCC) & Integrity Compliance
The contract shall be governed by the Indian Arbitration and Conciliation Act, 1996, with disputes referred to a sole arbitrator appointed by the ICFRE Director General. Payments will be processed on a monthly milestone basis upon submission of verified invoices. A Defect Liability Period (DLP) of twelve months applies to any structural modifications undertaken by the lessor. Furthermore, an Integrity Pact is mandatory for high-value contracts to ensure transparency and prevent corrupt practices. All contractual obligations must strictly adhere to the General Financial Rules (GFR) 2017 to maintain fiscal discipline and accountability throughout the lease term.
Procurement & Bidding FAQs — The Office at Giridih on Rent
Are Joint Ventures permitted to participate in this tender?
Joint Ventures are generally discouraged unless explicitly stated in the tender document; individual entities meeting the criteria are preferred for 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 document, issued by a scheduled commercial bank, and valid for 45 days beyond bid validity.
What is the standard bid validity period for this procurement?
The standard bid validity period is 90 to 120 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 rentals?
Typically, rental contracts include an escalation clause of 5-8% every three years, subject to mutual agreement and market benchmarks, as per standard government leasing norms.
How are technical evaluation marks assigned to bidders?
Technical evaluation is based on a pass-fail criteria regarding building specifications, location, and statutory compliance rather than a weighted scoring system.
Is the submission of an Integrity Pact mandatory?
Yes, for contracts exceeding the threshold defined by the CVC, an Integrity Pact must be signed by both parties to ensure ethical conduct throughout the procurement cycle.