What is the pay scale for List of Provisionally Eligible Candidates?
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 2026-09-30. 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.
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Vendors must ensure valid Digital Signature Certificates and register on the GeM portal to obtain necessary procurement tokens for accessing the IIFM Authority tender documents and uploading bid responses.
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A mandatory pre-bid clarification meeting will be conducted to address technical queries, scope ambiguities, and eligibility concerns, with all amendments issued as corrigenda on the official procurement portal.
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Bidders shall submit a two-cover system comprising a technical bid with credentials and a separate financial bid, ensuring no price details are disclosed within the technical documentation package.
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The IIFM Authority will evaluate technical bids against predefined criteria, followed by the opening of the commercial BoQ for technically qualified bidders to determine the lowest responsive evaluated price.
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Upon successful financial evaluation and approval by the competent authority, a formal Letter of Award (LoA) will be issued, initiating the contract execution phase and subsequent performance security submission.
Technical Qualification Matrix & Due Diligence Standards
Bidders participating in List of Provisionally Eligible Candidates 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 bidder must provide proof of successful execution of at least one similar nature project for a government entity or autonomous body within the last five years.
Statutory Benchmark
Mandatory submission of valid GSTIN, PAN, EPF registration, ESI registration, and a valid Labor License under the Contract Labour (Regulation and Abolition) Act is required for compliance.
Statutory Benchmark
MSMEs and Startups are eligible for exemption from EMD and prior turnover/experience requirements under Rule 170 of GFR 2017, subject to submission of valid Udyam or DPIIT registration certificates.
The contract valuation for the provisionally eligible candidates list project must be determined via a detailed cost estimate based on market rates. As per GFR 2017, an Earnest Money Deposit (EMD) of 2% of the estimated value is mandatory to ensure bid seriousness, though MSMEs are exempt 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 to promote transparency. The contract includes a Liquidated Damages (LD) clause, stipulating a deduction of 0.5% of the contract value per week of delay, capped at 10% of the total contract price. These parameters ensure financial discipline, risk mitigation, and adherence to standard public procurement guidelines while maintaining competitive fairness for all participating vendors.
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 arbitration under the Indian Arbitration and Conciliation Act, 1996, with the venue in Bhopal. Payments will be released based on milestone achievements verified by the IIFM Authority. A Defect Liability Period (DLP) of twelve months applies to all deliverables. Furthermore, an Integrity Pact must be signed by both parties to ensure transparency and prevent corrupt practices throughout the project lifecycle, ensuring strict adherence to the terms and conditions stipulated in the formal agreement.
Procurement & Bidding FAQs — List of Provisionally Eligible Cand
Are Joint Ventures permitted to participate in this tender?
Joint Ventures are generally not permitted unless explicitly stated in the tender document; bidders must participate as a single legal entity.
What is the prescribed format for the EMD Bank Guarantee?
The EMD Bank Guarantee must be issued by a scheduled commercial bank in India, following the standard format provided in the tender document annexures.
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, as specified in the tender instructions.
Is there a Price Variation Clause applicable to this contract?
No, this is a fixed-price contract; no price variation or escalation is permitted during the currency of the contract unless otherwise specified.
How are technical evaluation marks assigned?
Technical evaluation is based on a pass-fail criteria against the defined eligibility standards rather than a weighted marking system.
Can a bidder withdraw their bid after submission?
Bidders may withdraw or modify their bids before the deadline for submission; however, no withdrawal is permitted after the bid opening date.