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 2023-12-31. Candidates are urged to finalize submissions in advance of the deadline.
How to verify authentic notification circulars from IIMJ Authority?
All official notifications and gazetted circulars are published directly on the verified sovereign domain iimj.ac.in. Always cross-check notice references against primary government bulletins.
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Bidders must obtain a valid Digital Signature Certificate (DSC) and register on the GeM portal or CPPP to participate in the tender process for Post Code 01 by IIMJ Authority.
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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 final submission of the bid documents.
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Bidders are required to submit a two-cover system consisting of a technical bid containing eligibility documents and a separate financial bid containing the priced Bill of Quantities (BoQ).
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The IIMJ Authority will conduct a technical evaluation of submitted bids, followed by the opening of financial bids only for those vendors who meet the specified technical pre-qualification criteria.
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Upon successful financial evaluation and approval by the competent authority, the IIMJ Authority will issue the formal Letter of Award (LoA) to the L1 bidder to initiate project execution.
Technical Qualification Matrix & Due Diligence Standards
Bidders participating in Post Code 01 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 percent of the estimated contract value during the last three consecutive financial years.
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 reputed private entities.
Statutory Benchmark
The bidder must possess valid statutory registrations including GSTIN, PAN, EPF, ESI, and a valid Labor License as mandated by the relevant Indian labor and taxation laws.
Statutory Benchmark
Exemptions regarding EMD and prior turnover criteria are applicable to registered MSMEs and Startups as per Rule 170 of GFR 2017 and the Public Procurement Policy for Micro and Small Enterprises.
The contract valuation for Post Code 01 must be determined via a detailed market survey and cost estimation as per GFR 2017 guidelines. An Earnest Money Deposit (EMD) of 2 percent of the estimated value is mandatory to ensure bidder seriousness, though MSMEs may be exempted per Rule 170. A Performance Bank Guarantee (PBG) ranging from 3 to 5 percent 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, must be non-refundable. Liquidated Damages (LD) are strictly capped at 0.5 percent of the contract value per week of delay, subject to a maximum ceiling of 10 percent of the total contract value. These parameters ensure financial discipline, mitigate procurement risks, and protect the IIMJ Authority against potential delivery failures or contractual breaches during the project lifecycle.
General Conditions of Contract (GCC) & Integrity Compliance
The contract shall be governed by the General Financial Rules (GFR) 2017. Dispute resolution shall be conducted through the Indian Arbitration and Conciliation Act, 1996, with the venue in the jurisdiction of the IIMJ Authority. Payments will be released based on milestone-based billing verified by the project manager. A Defect Liability Period (DLP) of 12 to 24 months is mandatory, during which the contractor remains responsible for rectifying workmanship issues. Furthermore, an Integrity Pact may be mandated for high-value contracts to ensure transparency, ethical conduct, and the prevention of corruption throughout the procurement and project execution phases.
Procurement & Bidding FAQs — Post Code 01
Are Joint Ventures (JV) eligible to participate in this tender?
Unless explicitly stated in the tender document, JVs are generally discouraged; however, if permitted, all partners must meet the cumulative technical and financial criteria.
What is the required 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 document, and must remain valid for 45 days beyond the bid validity period.
What is the standard bid validity period?
The standard bid validity period is 90 to 180 days from the date of technical bid opening, during which the bidder cannot withdraw or modify their offer.
Does this contract include a Price Variation Clause (PVC)?
Price Variation Clauses are generally not applicable for short-term contracts; they are only considered for long-term projects exceeding 18 months based on standard indices.
How are technical evaluation marks assigned?
Technical evaluation is based on a pass-fail criteria against the defined pre-qualification standards, or a Quality and Cost Based Selection (QCBS) scoring system if specified.
Can an MSME claim exemption from the Performance Bank Guarantee?
No, while MSMEs may be exempted from EMD under Rule 170, they are generally required to submit the Performance Bank Guarantee to ensure contract performance.