What is the pay scale for 2ndlist of Provisionally Eligible Candidates Faculty Post?
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 20-10-2025. Candidates are urged to finalize submissions in advance of the deadline.
How to verify authentic notification circulars from IIMK Authority?
All official notifications and gazetted circulars are published directly on the verified sovereign domain iimk.ac.in. Always cross-check notice references against primary government bulletins.
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Bidders must obtain a valid Class III Digital Signature Certificate and register on the GeM portal or CPPP to access the tender documents and participate in the electronic bidding process.
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A pre-bid clarification meeting will be conducted to address technical queries, scope ambiguities, or eligibility concerns, with all amendments issued as formal corrigenda to ensure transparency for all prospective bidders.
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Bidders must submit a two-cover system comprising a technical bid with credentials and a separate financial bid (BoQ), ensuring no price information is disclosed within the technical proposal documents.
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Upon successful technical evaluation, the financial bids of only the technically qualified bidders will be opened on the portal, followed by a comparative statement generation to determine the L1 bidder.
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The IIMK Authority will issue a formal Letter of Award to the L1 bidder, contingent upon the submission of the required Performance Bank Guarantee and signing of the formal contract agreement.
Technical Qualification Matrix & Due Diligence Standards
Bidders participating in 2ndlist of Provisionally Eligible Candidates Faculty Post 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 successfully executing at least two similar projects involving recruitment process outsourcing or faculty selection services for premier academic institutions or government bodies.
Statutory Benchmark
The bidder must possess valid statutory registrations including GSTIN, PAN, EPF, ESI, and a valid Labor License as per the Contract Labour (Regulation and Abolition) Act, 1970.
Statutory Benchmark
MSMEs and Startups are eligible for exemption from EMD and prior turnover/experience criteria under Rule 170 of GFR 2017, provided they submit valid Udyam or DPIIT registration certificates.
The contract valuation for the faculty recruitment processing services must be derived from a realistic cost-per-candidate estimation. In alignment with GFR 2017, an EMD of 2% of the estimated value is mandatory to ensure bidder seriousness, though MSMEs are exempted under Rule 170. The Performance Bank Guarantee (PBG) is set at 3-5% of the contract value, to be submitted by the successful bidder within 15 days of the Letter of Award to cover potential performance failures. The tender document fee is non-refundable, reflecting administrative processing costs. Liquidated Damages (LD) are strictly capped at 0.5% of the contract value per week of delay, with a maximum ceiling of 10% of the total contract value. These parameters ensure financial accountability and protect the IIMK Authority against service delivery slippages while maintaining compliance with standard public procurement financial norms.
General Conditions of Contract (GCC) & Integrity Compliance
The contract shall be governed by the Indian Arbitration and Conciliation Act, 1996, with disputes settled in the jurisdiction of IIMK. Billing is structured on a milestone basis linked to the successful verification and reporting of candidate lists. A Defect Liability Period (DLP) of six months applies to the data accuracy and process integrity of the recruitment services. Furthermore, an Integrity Pact is mandatory for high-value contracts to ensure transparency, anti-corruption compliance, and ethical conduct throughout the procurement lifecycle, safeguarding the interests of the IIMK Authority and the integrity of the faculty selection process.
Procurement & Bidding FAQs — 2ndlist of Provisionally Eligible C
Are Joint Ventures permitted to bid for this faculty recruitment project?
Joint Ventures are generally not permitted unless explicitly stated in the tender document, as the scope requires specialized individual firm expertise.
What is the required 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 45 days beyond the bid validity period.
What is the standard bid validity period for this procurement?
The bid validity period is typically 90 to 120 days from the date of technical bid opening, during which the bidder cannot withdraw their offer.
Does the contract include a Price Variation Clause?
No, this is a fixed-price contract. Bidders must account for all potential cost escalations, including statutory wage revisions, within their quoted rates.
How are technical evaluation marks determined?
Technical evaluation is based on a marking system covering firm experience, personnel qualifications, and methodology, with a minimum qualifying threshold usually set at 70%.
Can an MSME claim exemption from the Performance Bank Guarantee?
No, MSME exemptions under Rule 170 apply only to EMD; the successful bidder must still submit the PBG to ensure contract performance.