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 20-02-2026. Candidates are urged to finalize submissions in advance of the deadline.
How to verify authentic notification circulars from IIMAMRITSAR Authority?
All official notifications and gazetted circulars are published directly on the verified sovereign domain iimamritsar.ac.in. Always cross-check notice references against primary government bulletins.
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The bidder must obtain a valid Digital Signature Certificate (DSC) and complete vendor registration on the GeM portal or CPPP to access the tender documents and participate in the bidding process.
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Interested parties shall attend the mandatory pre-bid clarification meeting to seek technical and commercial clarifications, ensuring all queries are addressed before the formal submission of bids to IIM Amritsar.
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Bidders must submit a two-cover bid system comprising a technical proposal with all supporting credentials and a separate financial bid, ensuring no price details are disclosed within the technical cover.
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Upon successful technical evaluation, the procuring entity will open the commercial BoQ financial bids of only the technically qualified vendors to determine the lowest responsive bidder (L1) for the project.
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The IIM Amritsar Authority will issue a formal Letter of Award (LoA) to the successful bidder, initiating the contract execution phase upon the submission of the required Performance Bank Guarantee.
Technical Qualification Matrix & Due Diligence Standards
Bidders participating in 4th Nov 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 three similar projects of comparable scale and complexity within the last five years for government or academic institutions.
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 and labor laws.
Statutory Benchmark
Eligible MSMEs and Startups are entitled to exemptions from EMD and prior turnover requirements under Rule 170 of GFR 2017, subject to submission of valid Udyam or DPIIT certificates.
The contract valuation for the 4th Nov project at IIM Amritsar must be determined through a detailed market survey and cost estimation as per GFR 2017 guidelines. An Earnest Money Deposit (EMD) of 2% of the estimated value is mandatory to ensure bid seriousness, though MSMEs may seek exemption 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, they remain non-refundable. The contract must incorporate a Liquidated Damages (LD) clause, stipulating a deduction of 0.5% of the contract price per week of delay, capped at a maximum of 10% of the total contract value. These parameters ensure financial discipline and protect the procuring entity against performance failures or project slippages.
General Conditions of Contract (GCC) & Integrity Compliance
The contract shall be governed by the General Financial Rules (GFR) 2017. Any disputes arising shall be resolved through the Indian Arbitration and Conciliation Act, 1996, with the venue in Amritsar. Payments will be processed based on milestone completion verified by the IIM Amritsar project committee. A Defect Liability Period (DLP) of 12 months is mandatory post-completion to ensure quality standards. Furthermore, an Integrity Pact may be mandated for high-value contracts to ensure transparency, anti-corruption measures, and ethical conduct throughout the procurement lifecycle, safeguarding the interests of the public exchequer and the procuring entity.
Procurement & Bidding FAQs — 4th Nov
Are Joint Ventures (JV) permitted to participate in this tender?
Unless explicitly stated in the tender document, JVs are generally discouraged to ensure individual accountability, though consortiums may be allowed if specific technical expertise is required.
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 at least 45 days beyond the bid validity.
What is the standard bid validity period for this procurement?
The standard bid validity period is 90 to 120 days from the date of technical bid opening, during which the bidder cannot withdraw or modify their offer.
Is there a price variation clause included in the contract?
Price variation clauses are generally not applicable for short-term contracts; however, for long-term works, they may be included based on specific indices like WPI or CPI.
How are technical evaluation marks calculated?
Technical evaluation is based on a pass-fail criteria against the defined eligibility standards; only those meeting all mandatory requirements proceed to the financial opening stage.
Can the PBG be submitted in forms other than a Bank Guarantee?
Yes, the PBG can be submitted via Fixed Deposit Receipt (FDR) or Demand Draft pledged in favor of IIM Amritsar, as per the financial rules of the institute.