What is the pay scale for 3rd List of Undelivered Cheques Which Were Issued?
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 2024-12-06. Candidates are urged to finalize submissions in advance of the deadline.
How to verify authentic notification circulars from IIMKASHIPUR Authority?
All official notifications and gazetted circulars are published directly on the verified sovereign domain iimkashipur.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 access tender documents and participate in the electronic bidding process.
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A pre-bid meeting will be conducted to address technical queries, scope clarifications, and procedural doubts, ensuring all prospective bidders have a uniform understanding of the undelivered cheque reconciliation requirements.
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Bidders must submit a two-cover system consisting of a technical bid containing credentials, experience, and compliance documents, and a separate financial bid containing the commercial BoQ.
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The technical bids are evaluated first for eligibility. Qualified bidders proceed to the financial opening stage, where the lowest responsive bidder (L1) is determined based on the quoted BoQ.
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Upon successful evaluation and approval by the competent authority, a Letter of Award (LoA) is issued to the successful bidder, initiating the contract signing and performance security submission process.
Technical Qualification Matrix & Due Diligence Standards
Bidders participating in 3rd List of Undelivered Cheques Which Were Issued 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 involving financial reconciliation, audit support, or cheque management services for a Central/State Government entity or Premier Educational Institute.
Statutory Benchmark
The bidder must possess valid statutory registrations including GSTIN, PAN, EPF, ESI, and a valid Labor License, ensuring full compliance with prevailing Indian labor and tax laws.
Statutory Benchmark
In accordance with Rule 170 of GFR 2017 and the Public Procurement Policy for MSEs, registered MSMEs and Startups are exempted from EMD submission upon production of valid Udyam or DPIIT certificates.
The procurement for the reconciliation and management of undelivered cheques at IIM Kashipur necessitates a precise valuation based on the volume of financial instruments. In accordance with GFR 2017, an EMD of 2% of the estimated value is mandatory to ensure bidder seriousness, though MSMEs are exempt under Rule 170. A Performance Bank Guarantee (PBG) ranging from 3% to 5% of the contract value is required post-award to secure performance obligations. The tender document fee is non-refundable, reflecting administrative costs. Liquidated Damages (LD) are strictly capped at 0.5% per week of delay, with a maximum ceiling of 10% of the total contract value, ensuring accountability. This framework balances financial security for the Institute with fair market participation, ensuring that the service provider adheres to strict timelines for financial reconciliation and reporting as per the institutional audit requirements.
General Conditions of Contract (GCC) & Integrity Compliance
The contract shall be governed by the General Financial Rules (GFR) 2017. Any disputes arising shall be settled through arbitration under the Indian Arbitration and Conciliation Act, 1996, with the venue at Kashipur. Payments will be released based on milestone achievements verified by the finance department. A Defect Liability Period (DLP) of six months applies to the reconciliation accuracy. An Integrity Pact is mandatory for high-value contracts to ensure transparency and prevent corrupt practices. The contractor must maintain absolute confidentiality regarding the financial data of the Institute, adhering to the highest standards of professional conduct and institutional security protocols.
Procurement & Bidding FAQs — 3rd List of Undelivered Cheques Whi
Are Joint Ventures (JV) permitted to bid for this tender?
Unless explicitly stated in the tender document, JVs are generally discouraged to ensure direct accountability, though consortiums may be permitted if the lead partner meets all technical criteria.
What is the prescribed format for the EMD Bank Guarantee?
The EMD Bank Guarantee must be submitted in the standard format provided in the tender document, issued by a scheduled commercial bank, and remain valid for 45 days beyond the bid validity period.
What is the standard bid validity period for this procurement?
The standard bid validity period is 90 days from the date of technical bid opening, during which the bidder cannot withdraw or alter their offer.
Is there a price variation clause included in this contract?
No, this is a fixed-price contract. Bidders are expected to account for all statutory taxes, levies, and operational costs within their quoted rates for the entire contract duration.
How are technical evaluation marks assigned?
Technical evaluation is based on a pass/fail criteria regarding eligibility documents; however, if a Quality and Cost Based Selection (QCBS) is used, marks are assigned based on past experience and methodology.
Can the contract period be extended beyond the initial term?
Yes, subject to satisfactory performance and mutual written agreement, the contract may be extended under the same terms and conditions, provided it complies with GFR 2017 guidelines.