What is the pay scale for 8th 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 20-05-2024. Candidates are urged to finalize submissions in advance of the deadline.
How to verify authentic notification circulars from IISC Authority?
All official notifications and gazetted circulars are published directly on the verified sovereign domain recruitment.iisc.ac.in. Always cross-check notice references against primary government bulletins.
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Bidders must obtain valid Class-III Digital Signature Certificates and complete mandatory registration 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 data security protocols, ensuring all prospective bidders have a uniform understanding of the undelivered cheque reconciliation requirements.
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Bidders shall submit a two-cover bid comprising a technical proposal detailing methodology, security certifications, and personnel expertise, alongside a separate financial BoQ, ensuring no price disclosure in the technical cover.
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Upon successful technical evaluation, the financial BoQ of technically qualified bidders will be opened on the portal, and the L1 bidder will be identified based on the lowest evaluated price.
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The IISC Authority will issue a formal Letter of Award (LoA) to the successful bidder, contingent upon the submission of the required Performance Bank Guarantee within the stipulated timeframe.
Technical Qualification Matrix & Due Diligence Standards
Bidders participating in 8th 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 government entity or autonomous institution.
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
MSMEs and Startups are eligible for exemption from EMD and prior turnover/experience criteria under Rule 170 of GFR 2017, subject to the submission of valid Udyam or DPIIT registration certificates.
The procurement for the reconciliation and reporting of the 8th list of undelivered cheques requires a robust financial framework aligned with GFR 2017. Given the nature of financial data processing, the contract valuation must be estimated based on man-hour requirements. An EMD of 2% of the estimated value is mandatory to ensure bidder seriousness, unless exempted under Rule 170 for MSMEs. A Performance Bank Guarantee (PBG) of 3-5% of the contract value is required post-award to secure 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% of the contract value per week of delay, with a maximum ceiling of 10%. These parameters ensure financial discipline, protect the IISC Authority against non-performance, and maintain fiscal accountability throughout the project lifecycle, adhering to standard public procurement financial norms.
General Conditions of Contract (GCC) & Integrity Compliance
The contract shall be governed by the General Conditions of Contract (GCC) of IISC Authority. Any disputes arising shall be settled through arbitration under the Indian Arbitration and Conciliation Act, 1996, with the venue in Bangalore. Milestone-based billing will be linked to the successful submission of reconciled reports. A Defect Liability Period (DLP) of six months applies to the accuracy of the reconciliation data. Furthermore, an Integrity Pact is mandatory for this high-value procurement to ensure transparency, ethical conduct, and the prevention of corrupt practices throughout the execution phase, binding both the authority and the service provider.
Procurement & Bidding FAQs — 8th List of Undelivered Cheques Whi
Are Joint Ventures permitted to participate in this tender?
Joint Ventures are generally not permitted unless explicitly stated in the specific tender document; individual firms must meet the eligibility criteria independently.
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 valid for 45 days beyond the bid validity.
What is the standard bid validity period for this procurement?
The standard bid validity period is 180 days from the date of technical bid opening, during which the bidder cannot withdraw or modify their offer.
Is there a Price Variation Clause (PVC) applicable to this contract?
No, this is a fixed-price contract; no price variation or escalation will be entertained during the contract period or any extended period due to bidder-side delays.
How are technical evaluation marks assigned?
Technical evaluation is based on a pass/fail criteria regarding compliance with the scope, experience, and statutory requirements rather than a weighted scoring system.
Can an MSME claim exemption from the Performance Bank Guarantee?
No, MSMEs are only exempted from EMD; they are still required to submit the Performance Bank Guarantee to ensure the successful execution of the contract.