What is the pay scale for Recruitment of a Project Assistant U?
The sanctioned remuneration is Level-6 (₹35,400 - ₹1,12,400) 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 20-02-2023. Candidates are urged to finalize submissions in advance of the deadline.
How to verify authentic notification circulars from IIFM Authority?
All official notifications and gazetted circulars are published directly on the verified sovereign domain iifm.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 credentials for participating in the IIFM Authority procurement process.
2
Attend the mandatory pre-bid clarification meeting to address technical queries, scope ambiguities, or eligibility concerns, ensuring all prospective bidders have a uniform understanding of the project requirements.
3
Submit the two-cover bid consisting of a technical proposal containing credentials and an unpriced financial bid, followed by a separate financial BoQ upload as per the tender schedule.
4
The Procuring Entity conducts the technical evaluation, followed by the opening of the commercial BoQ for technically qualified bidders to determine the L1 vendor through competitive price discovery.
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Issue the Letter of Award (LoA) to the successful L1 bidder, initiating the formal contract signing process and the submission of the required Performance Bank Guarantee by the vendor.
Technical Qualification Matrix & Due Diligence Standards
Bidders participating in Recruitment of a Project Assistant U must satisfy the multi-tiered technical, financial, and statutory qualifying covenants detailed below:
Evaluation Benchmark
Mandated Technical & Financial Covenant
Statutory Benchmark
Average annual financial turnover of the bidder must be 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 have successfully executed similar nature of project assignments in government or public sector undertakings during the last five years, evidenced by copies of work orders.
Statutory Benchmark
Mandatory possession of valid GSTIN, PAN, EPF, and ESI registrations, along with a valid Labor License under the Contract Labour Act, ensuring full statutory compliance for the deployed personnel.
Statutory Benchmark
MSMEs and Startups are eligible for exemption from EMD and prior turnover/experience criteria under Rule 170 of GFR 2017, provided they submit valid Udyam Registration or DPIIT certificates.
The procurement for Project Assistant U requires a rigorous financial framework aligned with GFR 2017. The contract valuation must be estimated based on market rates for professional services. 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) ranging from 3% to 5% of the contract value is required from the successful bidder to secure performance obligations. 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 contract value. These parameters ensure financial accountability, mitigate risks of non-performance, and maintain fiscal discipline throughout the project lifecycle for the IIFM Authority.
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 in the jurisdiction of the IIFM Authority. Payments will be processed based on milestone billing upon satisfactory service delivery. A Defect Liability Period (DLP) of six months applies to ensure service quality. For high-value contracts, an Integrity Pact is mandatory to ensure transparency and prevent corrupt practices. The contractor must adhere to all labor laws, ensuring timely payment of wages and statutory contributions to the relevant authorities throughout the tenure.
Procurement & Bidding FAQs — Recruitment of a Project Assistant
Are Joint Ventures (JV) permitted to participate in this tender?
Unless explicitly stated in the tender document, JVs are generally discouraged for service-based recruitment to ensure direct accountability of the primary service provider.
What is the acceptable 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 this procurement?
The bid validity period is typically 90 to 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 allowed for this contract?
No, this is a fixed-price contract. Bidders must account for all potential escalations, including statutory wage revisions, within their quoted rates for the entire contract duration.
How are technical evaluation marks calculated?
Technical evaluation is based on a Quality and Cost Based Selection (QCBS) or Least Cost Selection (LCS) method, assessing experience, personnel qualifications, and methodology against predefined scoring rubrics.
Can an MSME claim exemption from the Performance Bank Guarantee?
No, MSME exemptions under Rule 170 apply only to EMD. The Performance Bank Guarantee is a mandatory security deposit for contract performance and is not exempted for MSMEs.