What is the pay scale for Tcs Sponsored Project the Resea?
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 IIMTRICHY Authority?
All official notifications and gazetted circulars are published directly on the verified sovereign domain iimtrichy.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 Class-III Digital Signature Certificate to obtain necessary procurement tokens for secure document uploading and bid participation.
2
Attend the mandatory pre-bid clarification meeting to address technical queries, scope ambiguities, or site-specific constraints, ensuring all prospective bidders have a uniform understanding of the project requirements.
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Submit the two-cover bid system comprising the technical proposal with supporting credentials and the financial BoQ, ensuring all documents are digitally signed and uploaded before the deadline.
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Participate in the technical evaluation phase where the committee assesses compliance against pre-qualification criteria, followed by the opening of financial bids for only those who qualify technically.
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Receive the formal Letter of Award (LoA) upon successful selection, followed by the submission of the Performance Bank Guarantee and the signing of the formal contract agreement.
Technical Qualification Matrix & Due Diligence Standards
Bidders participating in Tcs Sponsored Project the Resea 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 executing at least one similar project of comparable nature and scale for a Government or reputed academic institution within the last five years.
Statutory Benchmark
Mandatory submission of valid GSTIN, PAN, EPF, and ESI registrations, along with a valid Labor License, ensuring full compliance with Indian statutory and labor welfare regulations.
Statutory Benchmark
MSMEs and DPIIT-recognized startups are eligible for exemptions from EMD and prior turnover/experience requirements under Rule 170 of GFR 2017 and the Public Procurement Policy for Micro and Small Enterprises.
The procurement for the TCS Sponsored Project at IIM Trichy necessitates a rigorous financial framework aligned with GFR 2017. An EMD of 2% of the estimated value is mandatory to ensure bidder seriousness, unless exempted under Rule 170 for MSMEs. The Performance Bank Guarantee (PBG) is set at 3-5% of the contract value, serving as security for successful performance throughout the project lifecycle. Tender document fees are generally waived on GeM, but if offline, must be non-refundable. The Liquidated Damages (LD) clause is strictly capped at 0.5% per week of delay, with a maximum ceiling of 10% of the total contract value. This structure protects the Institute against project slippage while ensuring financial accountability. All commercial bids must be submitted via the BoQ template, ensuring transparency and competitive pricing, while adhering to the standard financial norms stipulated by the Ministry of Finance for autonomous educational institutions.
General Conditions of Contract (GCC) & Integrity Compliance
The contract shall be governed by the General Financial Rules (GFR) 2017. All disputes arising from this engagement shall be settled through the Indian Arbitration and Conciliation Act, 1996, with the venue at Tiruchirappalli. Payments will be released based on milestone-based deliverables verified by the project committee. A Defect Liability Period (DLP) of twelve months post-completion is mandatory to ensure quality standards. Furthermore, an Integrity Pact may be invoked for high-value contracts to ensure transparency, anti-corruption measures, and ethical conduct throughout the project duration, binding both the IIM Trichy authority and the selected service provider to strict compliance protocols.
Procurement & Bidding FAQs — Tcs Sponsored Project the Resea
Are Joint Ventures permitted for this TCS sponsored project?
Joint Ventures are generally not permitted unless explicitly stated in the tender document to ensure accountability and direct contractual liability.
What is the prescribed 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 annexure.
What is the standard bid validity period for this procurement?
The bid validity period is typically 90 to 120 days from the date of opening the technical bid, as specified in the tender document.
Does the contract include a Price Variation Clause (PVC)?
Standard IIM Trichy contracts are typically fixed-price; Price Variation Clauses are only included for long-term projects involving volatile raw material costs.
How are technical evaluation marks calculated?
Technical evaluation is based on a pass-fail criteria against the defined pre-qualification standards, rather than a weighted scoring system.
Can an MSME claim exemption from the Performance Bank Guarantee?
No, while MSMEs may be exempt from EMD, they are generally required to submit the Performance Bank Guarantee to ensure project security.