What is the pay scale for The Office at Giridih on Rent?
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 IIITRANCHI Authority?
All official notifications and gazetted circulars are published directly on the verified sovereign domain iiitranchi.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 procuring entity and bidders on the GeM portal using valid DSCs to ensure authenticity and compliance with the Public Procurement Policy for the rental service acquisition process.
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Conduct a pre-bid clarification meeting to address technical queries regarding the Giridih office specifications, ensuring all prospective bidders have a uniform understanding of the scope and site requirements.
3
Submit a two-cover bid comprising a technical proposal detailing office infrastructure and a separate financial BoQ, ensuring no price details are disclosed within the technical cover to maintain impartiality.
4
Perform a technical evaluation followed by the opening of financial BoQs for technically qualified bidders, ensuring the selection of the L1 bidder based on the lowest evaluated rental quote.
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Issue the formal Letter of Award (LoA) to the successful bidder, followed by the execution of a comprehensive lease agreement incorporating all GFR 2017 mandated terms and conditions.
Technical Qualification Matrix & Due Diligence Standards
Bidders participating in The Office at Giridih on Rent 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 percent 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 office rental or facility management project for a government or autonomous body within the last five years.
Statutory Benchmark
The bidder must possess valid statutory registrations including GSTIN, PAN, EPF, ESI, and a valid Labor License, ensuring full compliance with the prevailing labor and taxation laws of India.
Statutory Benchmark
MSMEs and Startups are eligible for exemption from EMD and prior turnover requirements under Rule 170 of GFR 2017, provided they submit valid Udyam registration certificates during the bid submission.
The procurement for office space rental at Giridih for IIIT Ranchi must adhere to GFR 2017 guidelines. The contract valuation should be derived from prevailing circle rates and market analysis. An Earnest Money Deposit (EMD) of 2 percent of the estimated value is mandatory to ensure bid seriousness, unless exempted under Rule 170 for MSMEs. A Performance Bank Guarantee (PBG) ranging from 3 to 5 percent of the contract value is required from the successful bidder to ensure service continuity. Tender document fees, if applicable, must be non-refundable and processed via electronic mode. Liquidated Damages (LD) are strictly capped at 0.5 percent per week of delay, subject to a maximum of 10 percent of the contract value. These parameters ensure financial discipline, mitigate risks for IIIT Ranchi, and maintain transparency in the public procurement lifecycle while protecting the interests of the procuring entity.
General Conditions of Contract (GCC) & Integrity Compliance
The contract shall be governed by the Indian Arbitration and Conciliation Act, 1996, with disputes settled through a sole arbitrator appointed by the Director, IIIT Ranchi. Payments will be processed based on monthly milestone billing upon verification of occupancy. A Defect Liability Period (DLP) of 12 months applies to any structural modifications or maintenance services provided by the lessor. An Integrity Pact is mandatory for high-value contracts to ensure transparency and prevent corrupt practices. All terms must align with GFR 2017 provisions, ensuring that the rental agreement protects the institute against sudden termination or unauthorized rent escalations during the tenure.
Procurement & Bidding FAQs — The Office at Giridih on Rent
Are Joint Ventures permitted to participate in this tender?
Joint Ventures are generally discouraged for office rental services unless specifically mentioned in the tender document to ensure accountability of 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, strictly following the standard format provided in the tender document annexures.
What is the standard bid validity period for this procurement?
The standard bid validity period is 90 to 120 days from the date of opening the technical bid, as per GFR 2017 procurement norms.
Is there a provision for price variation during the contract?
Price variation is typically not allowed in fixed-term rental contracts unless a specific escalation clause is pre-defined in the tender document based on market indices.
How are technical evaluation marks assigned?
Technical evaluation is based on a pass-fail criteria against the defined eligibility standards rather than a scoring system, unless a Quality and Cost Based Selection is specified.
Can an MSME claim exemption from the Performance Bank Guarantee?
No, while MSMEs are exempt from EMD, they are generally required to submit the Performance Bank Guarantee to ensure the fulfillment of contractual obligations.