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
Essential Educational Qualification
Ph.D / Doctorate, M.Tech / M.E, B.Tech / B.E (Engineering), MBBS / Medical Degree, CA / ICWA / CS, MBA / PGDM, Post Graduate (Master's Degree), Graduate (Bachelor's Degree), Diploma / Technical Certificate, 12th / Higher Secondary (10+2). Candidates must ensure all certificates are verified prior to the cutoff date.
Selection Methodology
1. Computer Based Written Test (CBT), 2. Skill Test / Interview (Where Applicable), 3. Document Verification & Medical Fitness Test.
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 | 1 | Rs. 25,500 - 29,200 | 2026-09-30 |
| Finance Officer | 2 | Rs. 25,500 - 29,200 | 2023-09-12 |
e-Procurement Bidding Roadmap & Portal Workflow
The bidder must complete digital signature registration on the CPPP or GeM portal, ensuring all organizational credentials are verified and mapped to the specific IGNTU procurement entity profile for access.
A pre-bid clarification meeting is conducted to address technical queries, scope ambiguities, and eligibility criteria, with all official responses published as corrigenda to ensure transparency for all prospective recruitment agencies.
Bidders submit a two-cover system comprising a technical bid with credentials and a separate commercial BoQ, ensuring technical evaluation precedes financial opening to maintain strict quality-based selection standards for IGNTU.
The commercial BoQ is opened only for technically qualified bidders, where the lowest evaluated responsive bidder is identified based on the total service cost, including all applicable taxes and statutory levies.
Upon successful financial evaluation and approval by the competent authority, a formal Letter of Award (LoA) is issued, marking the commencement of the contract and the submission of the PBG.
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% of the estimated contract value during the last three consecutive financial years, supported by audited balance sheets. |
| Statutory Benchmark | The agency must provide proof of executing at least three similar recruitment projects for Central Universities or Government Autonomous Bodies within the last five years to ensure domain expertise. |
| Statutory Benchmark | Mandatory submission of valid GSTIN, PAN, EPF, and ESI registrations, alongside a valid Labor License, is required to ensure full compliance with Indian labor and taxation laws. |
| Statutory Benchmark | MSME and Startup entities are eligible for relaxation in prior turnover and experience criteria under Rule 170 of GFR 2017, provided they submit valid Udyam or DPIIT registration certificates. |
Financial Safeguards, EMD & Performance Security Guarantees
The procurement for the IGNTU Finance Officer recruitment service requires a robust financial framework aligned with GFR 2017. The contract valuation must be determined based on the scope of recruitment agency services, including advertising, screening, and assessment. An Earnest Money Deposit (EMD) of 2% of the estimated value is mandatory to ensure bidder seriousness, though MSMEs may be exempted under Rule 170. A Performance Bank Guarantee (PBG) of 3-5% of the total contract value is required from the successful bidder to safeguard against non-performance. Tender document fees are generally waived on GeM, but if offline, they must be non-refundable. Liquidated Damages (LD) are strictly capped at 0.5% per week of delay, subject to a maximum of 10% of the contract value, ensuring accountability for timelines. This structure balances financial risk mitigation with the objective of attracting competitive bids for high-stakes administrative recruitment.
General Conditions of Contract (GCC) & Integrity Compliance
The contract shall be governed by the Indian Arbitration and Conciliation Act, 1996, with disputes settled in the jurisdiction of the IGNTU headquarters. Billing will follow a milestone-based approach linked to successful candidate shortlisting and final appointment. A Defect Liability Period (DLP) of six months applies to the recruitment process, ensuring the agency remains responsible for any procedural lapses. An Integrity Pact is mandatory for high-value contracts to ensure transparency and prevent corrupt practices. All financial transactions and deliverables must strictly adhere to the General Financial Rules (GFR) 2017 to maintain audit readiness and institutional accountability throughout the engagement lifecycle.
Procurement & Bidding FAQs — Igntu Finance Officer Recruitment
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Joint Ventures are generally discouraged for service-based recruitment contracts unless specifically permitted in the tender document to maintain individual agency accountability.
The EMD must be submitted in the format prescribed in the tender document, issued by a scheduled commercial bank, and remain valid for 45 days beyond the final bid validity.
The standard bid validity period is 180 days from the date of technical bid opening, during which the bidder cannot withdraw or alter their offer.
No, this is a fixed-price contract. No price variation or escalation is permitted during the tenure of the agreement, including statutory tax changes unless explicitly stated.
Technical evaluation is based on a Quality and Cost Based Selection (QCBS) or Least Cost System (LCS) method, assessing past experience, methodology, and key personnel qualifications.
While MSMEs are exempt from EMD, they are generally required to submit the Performance Bank Guarantee (PBG) to ensure the fulfillment of contractual obligations.