What is the pay scale for Aicf Incubation Manager Guidelines?
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 2026-02-04. Candidates are urged to finalize submissions in advance of the deadline.
How to verify authentic notification circulars from IGNTU Authority?
All official notifications and gazetted circulars are published directly on the verified sovereign domain igntu.ac.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 Digital Signature Certificate (DSC) to obtain necessary procurement tokens for participating in the IGNTU Authority tender process.
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Attend the mandatory pre-bid clarification meeting to seek technical and commercial deviations, ensuring all queries are documented and addressed through official corrigendum issued by the IGNTU procurement committee.
3
Submit the two-cover bid system comprising the technical proposal with supporting credentials and the financial BoQ, ensuring all documents are digitally signed and uploaded before the specified deadline.
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Participate in the commercial BoQ financial opening process where the L1 bidder is identified based on the lowest evaluated price, subject to technical compliance and verification of submitted documents.
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Receive the formal Letter of Award (LoA) from IGNTU Authority, followed by the submission of the Performance Bank Guarantee and signing of the formal contract agreement to commence services.
Technical Qualification Matrix & Due Diligence Standards
Bidders participating in Aicf Incubation Manager Guidelines 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 one similar incubation management or project consultancy contract for a government or autonomous institution in the last five years.
Statutory Benchmark
Mandatory submission of valid GSTIN, PAN, EPF, ESI registration certificates, and a valid Labor License as per the Contract Labour (Regulation and Abolition) Act, 1970, is required for compliance.
Statutory Benchmark
MSME and DPIIT-recognized startups are eligible for exemption from EMD and prior turnover/experience criteria under Rule 170 of GFR 2017, provided they submit valid Udyam or Startup certificates.
The contract valuation for the AICF Incubation Manager engagement must be determined based on market benchmarking and the scope of services. As per GFR 2017, an EMD of 2 percent of the estimated value is mandatory to ensure bid seriousness, though MSMEs are exempted under Rule 170. A Performance Bank Guarantee (PBG) ranging from 3 to 5 percent of the contract value is required from the successful bidder to secure performance. Tender document fees are generally waived on the GeM portal to encourage competition. The Liquidated Damages (LD) clause is strictly capped at 0.5 percent per week of delay, subject to a maximum of 10 percent of the total contract value. These parameters ensure financial discipline, mitigate risk for IGNTU Authority, and align with standard public procurement financial norms to maintain transparency and accountability throughout the project 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 IGNTU Authority. Billing will follow a milestone-based approach linked to the delivery of incubation reports and KPIs. A Defect Liability Period (DLP) of twelve months applies to all deliverables to ensure quality standards. Furthermore, an Integrity Pact must be signed by the bidder to uphold transparency, prevent corrupt practices, and ensure adherence to the code of conduct throughout the tenure of the incubation management services provided to the institution.
Are Joint Ventures (JV) or Consortiums eligible to bid for this tender?
Unless explicitly mentioned in the tender document, JVs are generally discouraged to ensure single-point accountability; however, sub-contracting may be permitted with prior written approval from IGNTU.
What is the prescribed format for the EMD Bank Guarantee?
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 final 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.
Is there a price variation clause applicable to this contract?
No, this is a fixed-price contract. No escalation in rates will be entertained during the contract period, except for statutory changes in taxes like GST.
How are technical evaluation marks calculated?
Technical evaluation is based on a Quality and Cost Based Selection (QCBS) or Least Cost Selection (LCS) method, where bidders must score a minimum threshold to qualify for financial opening.
Can an MSME claim exemption from the Performance Bank Guarantee?
No, MSME exemption under Rule 170 of GFR 2017 applies only to EMD; the successful bidder must submit the Performance Bank Guarantee regardless of their MSME status.