What is the pay scale for 4th 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 2026-09-30. Candidates are urged to finalize submissions in advance of the deadline.
How to verify authentic notification circulars from IIMSAMBALPUR Authority?
All official notifications and gazetted circulars are published directly on the verified sovereign domain iimsambalpur.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 complete mandatory registration 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 regarding the undelivered cheque list, ensuring all participants have a uniform understanding of the scope and reconciliation requirements.
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Submission of a two-cover system comprising a technical bid with all supporting credentials and a separate financial bid, ensuring no price information is disclosed within the technical documentation package.
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The technical bids are evaluated for compliance, followed by the opening of the commercial Bill of Quantities (BoQ) for technically qualified bidders to determine the lowest responsive bidder (L1).
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Upon successful financial evaluation and approval by the competent authority, the Letter of Award (LoA) is issued to the successful bidder, initiating the formal contract execution and performance security submission.
Technical Qualification Matrix & Due Diligence Standards
Bidders participating in 4th 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
Average Annual Financial Turnover of the bidder must be at least 30% of the estimated contract value during the last three financial years, supported by audited balance sheets.
Statutory Benchmark
The bidder must have successfully executed at least one similar project involving financial reconciliation or banking instrument management for a Government entity or PSU in the last five years.
Statutory Benchmark
Mandatory possession of valid GSTIN, PAN, EPF, ESI registration, and a valid Labor License as per the Contract Labour (Regulation and Abolition) Act, 1970.
Statutory Benchmark
Exemption from EMD and prior turnover criteria for MSMEs and Startups as per Rule 170 of GFR 2017 and the Public Procurement Policy for Micro and Small Enterprises.
The procurement for the reconciliation and management of the 4th list of undelivered cheques for IIM Sambalpur requires a robust financial framework aligned with GFR 2017. The contract valuation must be determined based on the volume of instruments and the complexity of the reconciliation process. An EMD of 2% of the estimated value is mandatory to ensure bidder seriousness, though MSMEs may be exempted under Rule 170. A Performance Bank Guarantee (PBG) of 3-5% of the contract value is required from the successful bidder to safeguard against non-performance. Tender document fees are generally waived on GeM, but if offline, must be 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, ensuring the service provider adheres to the strict timelines required for financial audit compliance.
General Conditions of Contract (GCC) & Integrity Compliance
The contract shall be governed by the General Financial Rules (GFR) 2017. All disputes arising shall be settled through the Indian Arbitration and Conciliation Act, 1996, with the venue at Sambalpur. Milestone-based billing will be linked to the successful verification and reporting of the undelivered cheques. A Defect Liability Period (DLP) of six months post-completion ensures data integrity. An Integrity Pact is mandatory for high-value contracts to ensure transparency, anti-corruption measures, and ethical conduct throughout the procurement lifecycle, binding both the IIM Sambalpur authority and the service provider to stringent compliance standards.
Procurement & Bidding FAQs — 4th List of Undelivered Cheques Whi
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 sub-contracting may be permitted with prior written approval.
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 at least 45 days beyond the bid validity.
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 or modify their offer.
Is there a price variation clause applicable to this contract?
No, this is a fixed-price contract. Bidders must account for all potential cost escalations, including statutory taxes and labor charges, within their quoted rates.
How are technical evaluation marks calculated?
Technical evaluation is based on a pass/fail criteria regarding eligibility documents; however, if a Quality and Cost Based Selection (QCBS) method is used, marks are awarded based on technical presentation.
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.