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, MBBS / Medical Degree, Graduate (Bachelor's Degree). 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 ensure valid DSC and registration on the GeM portal or CPPP to participate in the tender, ensuring all organizational credentials are verified and updated before submission.
A pre-bid meeting will be conducted to address technical queries, clarify scope of work, and resolve ambiguities, with all amendments subsequently published as corrigenda on the official procurement portal.
Bidders must submit a two-cover bid: Cover-I containing technical credentials, experience certificates, and statutory documents, and Cover-II containing the financial BoQ, ensuring no price details appear in the technical cover.
The technical evaluation committee will scrutinize bids against pre-qualification criteria; only technically qualified bidders will have their financial BoQ opened for the final price discovery process.
Upon successful financial evaluation and approval by the competent authority, a formal Letter of Award (LoA) will be issued to the L1 bidder, initiating the contract execution phase.
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 a minimum average annual turnover of 30% of the estimated contract value during the last three consecutive financial years, supported by audited balance sheets. |
| Statutory Benchmark | The bidder must have successfully executed at least three similar recruitment or executive search projects for Central Universities or Government of India autonomous bodies within the last five years. |
| Statutory Benchmark | Mandatory submission of valid GSTIN, PAN, EPF, and ESI registrations, along with a valid Labor License, is required to ensure full statutory compliance under Indian labor laws. |
| 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 submission upon production of valid Udyam/DPIIT 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 estimated based on market benchmarks for executive search and recruitment consultancy. 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 contract value is required from the successful bidder to ensure service delivery standards. Tender document fees are generally waived on GeM, but if offline, must be non-refundable. Liquidated Damages (LD) are strictly capped at 0.5% per week of delay, with a maximum ceiling of 10% of the total contract value. These parameters ensure financial accountability and mitigate risks associated with the critical nature of recruiting a high-level statutory officer for the university.
General Conditions of Contract (GCC) & Integrity Compliance
The contract shall be governed by the General Financial Rules (GFR) 2017. All disputes arising shall be settled through the Indian Arbitration and Conciliation Act, 1996, with the venue at the university headquarters. Billing will be milestone-based, linked to the successful completion of recruitment stages. A Defect Liability Period (DLP) of six months post-appointment is mandatory to address any discrepancies in candidate verification. Furthermore, an Integrity Pact must be signed for high-value contracts to ensure transparency and prevent corrupt practices, ensuring that the entire recruitment process remains fair, ethical, and compliant with the university's statutory requirements.
Procurement & Bidding FAQs — Igntu Finance Officer Recruitment
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Generally, JVs are not permitted unless explicitly stated in the tender document to ensure individual accountability of the recruitment agency.
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.
The bid validity period is typically 90 to 120 days from the date of technical bid opening, during which the bidder cannot withdraw their offer.
No, this is a fixed-price contract; no price variation or escalation is permitted during the tenure of the agreement.
Technical evaluation is based on a scoring matrix covering past experience, team expertise, and methodology, with a minimum qualifying threshold usually set at 70%.
Yes, the PBG can be submitted as a Demand Draft or a Fixed Deposit Receipt (FDR) pledged in favor of the university, in addition to a Bank Guarantee.