The sanctioned remuneration is Rs. 25,500 - 29,200 (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 2023-06-22. Candidates are urged to finalize submissions in advance of the deadline.
How to verify authentic notification circulars from IIESTS Authority?
All official notifications and gazetted circulars are published directly on the verified sovereign domain iiests.ac.in. Always cross-check notice references against primary government bulletins.
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Bidders must register on the GeM portal or CPPP using valid Digital Signature Certificates (DSC) to obtain system tokens, ensuring all organizational profiles are verified before the tender publication date.
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Interested participants should attend the pre-bid clarification meeting to seek technical deviations or clarifications, ensuring all queries are submitted within the stipulated timeframe to avoid disqualification during the evaluation phase.
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Submit the two-cover bid consisting of the technical proposal, including credentials and compliance documents, and the financial BoQ, ensuring all digital signatures are applied to prevent technical rejection of the bid.
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The procuring entity will conduct the commercial BoQ financial opening only for technically qualified bidders, ensuring transparency in price discovery and adherence to the lowest evaluated responsive bidder (L1) selection process.
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Upon successful financial evaluation and approval by the competent authority, the IIESTS Authority will issue the formal Letter of Award (LoA), initiating the contract execution and mobilizing the project resources.
Technical Qualification Matrix & Due Diligence Standards
Bidders participating in Back to List 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 financial 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 bidder must provide proof of successful completion of at least one similar project of equivalent magnitude or two projects of 50% value within the last five years for IIESTS.
Statutory Benchmark
Mandatory submission of valid GSTIN, PAN, EPF registration, ESI registration, and a valid Labor License is required to ensure full statutory compliance with Indian labor and tax laws.
Statutory Benchmark
MSME units and Startups are eligible for relaxation in prior experience and turnover criteria under Rule 170 of GFR 2017, provided they submit valid Udyam registration certificates during the bid submission.
The contract valuation for IIESTS Authority must be structured to ensure fiscal prudence under GFR 2017. An Earnest Money Deposit (EMD) of 2% of the estimated value is mandatory to ensure bidder seriousness, though MSMEs are exempt under Rule 170. The Performance Bank Guarantee (PBG) is set at 3-5% of the total contract value, serving as a security deposit for the entire Defect Liability Period. Tender document fees are generally waived on GeM, but if applicable, 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, to mitigate project slippage. These parameters ensure that the financial risk is balanced between the procuring entity and the vendor, maintaining accountability throughout the project lifecycle while adhering to standard public procurement financial norms.
General Conditions of Contract (GCC) & Integrity Compliance
All contracts are governed by the General Conditions of Contract (GCC) of IIESTS Authority. Dispute resolution shall be conducted through the Indian Arbitration and Conciliation Act, 1996, with the venue in Kolkata. Payments are processed via milestone-based billing linked to physical progress. A Defect Liability Period (DLP) of 12-24 months is mandatory, during which the contractor remains responsible for rectifying structural or functional deficiencies. Furthermore, an Integrity Pact is essential for high-value tenders to ensure transparency, preventing corruption and ensuring that both the procuring entity and the contractor adhere to ethical procurement standards throughout the project duration.
Procurement & Bidding FAQs — Back to List
Are Joint Ventures (JV) eligible to participate in this tender?
Yes, JVs are permitted provided they meet the cumulative technical and financial criteria, and the lead partner holds at least 51% stake in the consortium.
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 45 days beyond the bid validity.
What is the standard bid validity period for IIESTS tenders?
The standard bid validity period is 120 days from the date of opening of the technical bid, extendable upon mutual consent if required.
Does the contract include a Price Variation Clause (PVC)?
Generally, fixed-price contracts are preferred; however, for long-term projects exceeding 18 months, a standard PVC based on WPI/CPI indices may be incorporated.
How are technical evaluation marks assigned?
Technical evaluation is based on a pass-fail criteria for mandatory requirements, followed by a weighted scoring system for technical presentations and past performance if specified.
Can a bidder withdraw their bid after submission?
Bidders may withdraw or modify their bids before the tender closing date and time through the portal; post-deadline withdrawals result in EMD forfeiture.