Igntu Finance Officer Recruitment
Official recruitment notice issued by Igntu for the post of Finance Officer. Review verified pay structure, eligibility, vacancies, and application guidelines.
Key Recruitment Specifications
Category-Wise Vacancy Reservation
| UR | Total |
|---|---|
| 1 | 1 |
Essential Educational Qualification
Ph.D / Doctorate, MBA / PGDM, Post Graduate (Master's Degree), Graduate (Bachelor's Degree), Diploma / Technical Certificate. Candidates must ensure all certificates are verified prior to the cutoff date.
Selection Methodology
Computer Based Test (CBT).
Frequently Asked Questions
| Cadre Designation | Vacancies | Pay Level | Deadline |
|---|---|---|---|
| Research Assistant and Field Investigator | 1 | Rs. 25,500 - 29,200 | 2026-09-30 |
| Finance Officer | 2 | Rs. 25,500 - 29,200 | 2026-07-16 |
| Finance Officer | 2 | Rs. 25,500 - 29,200 | 2023-09-12 |
| Finance Officer | 1 | Rs. 25,500 - 29,200 | 2026-04-01 |
e-Procurement Bidding Roadmap & Portal Workflow
Bidders must complete digital signature certificate registration on the CPPP or GeM portal to obtain valid tokens, ensuring secure authentication for all subsequent electronic bid submissions and document uploads.
A pre-bid clarification meeting will be convened to address technical queries, scope ambiguities, or eligibility concerns, with formal amendments issued via corrigendum to ensure transparency for all prospective participants.
Participants must submit a two-cover bid comprising a technical proposal detailing recruitment methodology and a separate commercial BoQ, ensuring technical qualification precedes the opening of any financial documentation.
Following technical evaluation, the financial bids of responsive bidders are opened on the portal, with the lowest evaluated responsive bidder (L1) identified based on the total cost of services.
Upon successful financial evaluation and internal approval, the Procuring Entity issues a formal Letter of Award (LoA) to the successful bidder, initiating the contract signing and performance security submission.
Technical Qualification Matrix & Due Diligence Standards
Bidders participating in Igntu Finance Officer 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 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 executing at least two similar recruitment or assessment projects for Central Universities or Government institutions within the last five years to ensure domain expertise. |
| Statutory Benchmark | Mandatory submission of valid GSTIN, PAN, EPF, ESI, and Labor License registrations is required to ensure full statutory compliance with Indian labor and taxation laws throughout the contract duration. |
| 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 requirements upon submission of valid Udyam or DPIIT certificates. |
Financial Safeguards, EMD & Performance Security Guarantees
The procurement for the IGNTU Finance Officer recruitment process involves a professional services contract valuation based on estimated administrative costs and assessment agency fees. In accordance with GFR 2017, an Earnest Money Deposit (EMD) of 2 percent of the estimated value is mandatory to ensure bidder seriousness, unless exempted for MSMEs. A Performance Bank Guarantee (PBG) of 3 to 5 percent of the contract value must be submitted by the successful bidder to secure performance obligations. The tender document fee is non-refundable, reflecting administrative processing costs. To mitigate project delays, a Liquidated Damages (LD) clause is incorporated, stipulating a deduction of 0.5 percent of the contract price per week of delay, capped at a maximum of 10 percent of the total contract value. These parameters ensure financial accountability and protect the interests of the procuring entity throughout the recruitment 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 university. Payments will be structured against defined recruitment milestones rather than upfront lump sums. A Defect Liability Period (DLP) of six months post-recruitment completion ensures the agency remains accountable for any procedural irregularities. Furthermore, an Integrity Pact is mandatory for high-value contracts to ensure transparency, anti-corruption compliance, and ethical conduct. All deliverables must adhere to the General Financial Rules (GFR) 2017, ensuring that the recruitment process remains fair, competitive, and legally robust throughout the engagement.
Procurement & Bidding FAQs — Igntu Finance Officer Recruitment
Recommended Opportunities & Dossiers
Bhandara District General Procurement Tender Notice
Public tender notice by Bhandara: Tender Notice - Bhandara (Tender: General Government Procurement). Estimated...
Cara Wcd
Verified Cara Wcd sovereign dossier: active Sarkari recruitments, 7th CPC pay scales, GeM public procurement t...
Officer / Executive (Lhmc Hosp) at Lhmc Hosp, Delhi
Apply for Officer / Executive (Lhmc Hosp) at Lhmc Hosp. Total Vacancies: 1, Pay: Rs. 25,500 - 29,200 (Level-4)...
Joint Ventures are generally discouraged for professional recruitment services unless explicitly stated in the tender document to ensure individual accountability.
The EMD Bank Guarantee must be issued by a scheduled commercial bank in the specific format provided in the tender document, valid for 45 days beyond the bid validity period.
The bid validity period is typically 180 days from the date of technical bid opening, during which the bidder cannot withdraw or modify their offer.
No, this is a fixed-price contract. Bidders must account for all potential cost escalations, including statutory taxes, within their quoted financial bid.
Technical evaluation is based on a weighted scoring system assessing past experience, methodology, and key personnel qualifications, requiring a minimum threshold score to qualify for financial opening.
The procurement follows the Public Procurement (Preference to Make in India) Order, 2017, providing purchase preference to local suppliers meeting the minimum local content requirements.