What is the pay scale for Intern Dst Serb Project?
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 IIMB Authority?
All official notifications and gazetted circulars are published directly on the verified sovereign domain iimb.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 authentication tokens for accessing the IIMB tender document and submission portal.
2
Participate in the pre-bid clarification meeting to seek technical and commercial clarifications regarding the project scope, ensuring all queries are submitted within the stipulated timeline for official Institute responses.
3
Submit the two-cover bid comprising the technical proposal, including credentials and compliance documents, and the financial proposal, ensuring all mandatory forms are signed and uploaded before the deadline.
4
Attend the commercial BoQ financial opening session where the system evaluates the lowest responsive bidder (L1) based on the submitted price schedules against the Institute's estimated project budget.
5
Receive the formal Letter of Award (LoA) from IIMB Authority, followed by the signing of the contract agreement and submission of the required Performance Bank Guarantee to initiate work.
Technical Qualification Matrix & Due Diligence Standards
Bidders participating in Intern Dst Serb Project 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 financial 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 have successfully executed at least one similar project or research-related service contract for a government or academic institution within the last five years.
Statutory Benchmark
The bidder must possess valid statutory registrations including GSTIN, PAN, EPF, ESI, and a valid Labor License as mandated by the Contract Labour (Regulation and Abolition) Act.
Statutory Benchmark
MSMEs and Startups are eligible for exemption from EMD and prior turnover/experience requirements under Rule 170 of GFR 2017, provided they submit valid Udyam or DPIIT registration certificates.
The procurement for the Intern Dst Serb Project at IIMB Authority requires a rigorous financial framework aligned with GFR 2017. The estimated contract value must be determined based on market assessment to ensure competitive bidding. An Earnest Money Deposit (EMD) of 2% of the estimated value is mandatory to ensure bidder seriousness, though MSMEs may seek exemptions 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 applicable, they remain non-refundable. Liquidated Damages (LD) are strictly capped at 0.5% per week of delay, with a maximum ceiling of 10% of the total contract value. These parameters ensure financial risk mitigation for the Institute while maintaining transparency and adherence to public procurement norms.
General Conditions of Contract (GCC) & Integrity Compliance
The contract shall be governed by the General Financial Rules (GFR) 2017. Disputes arising shall be settled through arbitration under the Indian Arbitration and Conciliation Act, 1996, with the venue at Bengaluru. Payments are structured on milestone-based deliverables verified by the project lead. A Defect Liability Period (DLP) of twelve months applies post-completion to ensure quality standards. An Integrity Pact is mandatory for high-value contracts to ensure transparency, anti-corruption compliance, and ethical conduct throughout the project lifecycle. All statutory deductions, including TDS and GST, will be processed in accordance with prevailing government notifications and IIMB financial policies.
Are Joint Ventures (JV) or Consortiums eligible to bid for this project?
Unless explicitly stated in the tender document, JVs are generally discouraged to ensure individual accountability, though sub-contracting specific technical tasks may be permitted with prior written approval.
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 at least 45 days beyond the final bid validity.
What is the standard bid validity period for IIMB tenders?
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.
Does the contract include a Price Variation Clause (PVC)?
Generally, IIMB contracts are fixed-price contracts. Price variation clauses are only included for long-term projects exceeding 18 months, subject to specific indices like WPI or CPI.
How are technical evaluation marks calculated?
Technical evaluation is based on a scoring matrix considering past experience, team expertise, and methodology, where a minimum qualifying threshold (e.g., 70%) is required to proceed to financial opening.
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 as per GFR 2017.