What is the pay scale for Assistant Professor Economic Studies Obc Advt Cupb 22 23 016?
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 IIIT Authority?
All official notifications and gazetted circulars are published directly on the verified sovereign domain iiit.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 CPPP or GeM portal using a valid Class-III Digital Signature Certificate to obtain necessary authentication tokens for secure participation in the IIIT Authority recruitment tender.
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Attend the mandatory pre-bid clarification meeting to address technical queries regarding the recruitment scope, ensuring all prospective bidders have a uniform understanding of the Assistant Professor selection requirements.
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Submit the two-cover bid consisting of a technical proposal detailing faculty screening methodology and a separate financial BoQ, ensuring all documents are digitally signed and uploaded before the deadline.
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Participate in the commercial BoQ financial opening process, where the IIIT Authority evaluates the lowest responsive bidder (L1) against the predefined technical benchmarks and the total estimated contract value.
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Receive the formal Letter of Award (LoA) from the IIIT Authority, followed by the submission of the Performance Bank Guarantee and signing of the formal contract agreement to initiate services.
Technical Qualification Matrix & Due Diligence Standards
Bidders participating in Assistant Professor Economic Studies Obc Advt Cupb 22 23 016 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 over the last three consecutive financial years, supported by audited balance sheets.
Statutory Benchmark
The bidder must provide proof of executing at least one similar recruitment or academic consultancy project for a Central University or Institute of National Importance within the last five years.
Statutory Benchmark
Mandatory submission of valid GSTIN, PAN, EPF, ESI registration certificates, and a valid Labor License is required to ensure full compliance with Indian statutory labor and tax regulations.
Statutory Benchmark
MSME and Startup entities are eligible for exemption from EMD and prior turnover requirements under Rule 170 of GFR 2017, provided they submit valid Udyam or DPIIT recognition certificates.
The contract valuation for the recruitment services of Assistant Professor in Economic Studies must be assessed against the total cost of engagement and administrative overheads. As per GFR 2017, 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 upon award to safeguard against non-performance. The tender document fee is non-refundable, reflecting administrative costs. Liquidated Damages (LD) are strictly enforced at 0.5% per week of delay, capped at 10% of the contract value, to ensure timely completion of the recruitment cycle. Financial bids must be submitted via the BoQ template, ensuring transparency and adherence to the IIIT Authority budgetary constraints, with all commercial terms aligned with GeM 4.0 standards.
General Conditions of Contract (GCC) & Integrity Compliance
The contract is governed by the General Financial Rules (GFR) 2017. Dispute resolution shall be conducted through the Indian Arbitration and Conciliation Act, 1996, with the venue fixed at the IIIT Authority jurisdiction. Payments are structured on milestone-based billing linked to successful recruitment phases. A Defect Liability Period (DLP) of twelve months applies to the service quality post-recruitment. An Integrity Pact is mandatory for high-value contracts to ensure transparency, preventing corruption and ensuring ethical conduct throughout the procurement lifecycle. All performance obligations must strictly adhere to the terms specified in the signed agreement and the GeM 4.0 standard service level agreements.
Procurement & Bidding FAQs — Assistant Professor Economic Studie
Are Joint Ventures permitted for this recruitment tender?
Joint Ventures are generally not permitted unless explicitly stated in the tender document, as the scope requires specialized academic recruitment expertise.
What is the prescribed format for the EMD Bank Guarantee?
The EMD Bank Guarantee must be issued by a scheduled commercial bank in India, strictly following the format provided in the tender annexure.
What is the standard bid validity period for this procurement?
The bid validity period is typically 180 days from the date of the technical bid opening, as per standard IIIT Authority procurement guidelines.
Does the contract include a Price Variation Clause?
No, this is a fixed-price contract; bidders must account for all statutory taxes and inflationary factors within their quoted rates.
How are technical evaluation marks calculated?
Technical evaluation is based on a weighted scoring matrix covering past experience, faculty screening expertise, and infrastructure, requiring a minimum qualifying score of 70%.
Is the tender fee refundable if the bid is rejected?
No, the tender document fee is non-refundable regardless of the outcome of the technical or financial evaluation process.