What is the pay scale for 9th 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 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 complete mandatory registration on the GeM portal or CPPP using valid Digital Signature Certificates (DSC) to obtain system-generated tokens for secure participation in the electronic tendering process.
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A pre-bid clarification meeting will be convened to address technical queries regarding the 9th list of undelivered cheques, ensuring all participants possess a uniform understanding of the scope and requirements.
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Bidders shall submit a two-cover bid comprising a technical proposal detailing methodology and credentials, followed by a separate financial BoQ, ensuring no price details are disclosed within the technical cover.
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Upon successful technical evaluation, the financial bids of qualified vendors will be opened on the portal, and the L1 bidder will be identified based on the lowest evaluated price quote.
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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 PBG and the execution of the formal contract agreement.
Technical Qualification Matrix & Due Diligence Standards
Bidders participating in 9th 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 provide proof of successful execution of at least one similar project involving financial reconciliation, audit, or cheque management services for a government or autonomous institution.
Statutory Benchmark
The bidder must possess valid statutory registrations including GSTIN, PAN, EPF, ESI, and a valid Labor License as per the prevailing laws of the jurisdiction.
Statutory Benchmark
In accordance with Rule 170 of GFR 2017 and the Public Procurement Policy, MSMEs and Startups are exempted from EMD requirements upon submission of valid Udyam or DPIIT registration certificates.
The procurement for the reconciliation and reporting of the 9th list of undelivered cheques requires a rigorous financial framework aligned with GFR 2017. The contract valuation must be determined based on the volume of financial instruments and the complexity of the audit trail. An Earnest Money Deposit (EMD) of 2% of the estimated value is mandatory to ensure bidder seriousness, while a Performance Bank Guarantee (PBG) ranging from 3% to 5% must be submitted by the successful bidder to secure contract performance. Tender document fees, if applicable, remain non-refundable to cover administrative processing costs. To mitigate risks associated with project delays, a Liquidated Damages (LD) clause is strictly enforced, stipulating a deduction of 0.5% of the contract value per week of delay, capped at a maximum of 10% of the total contract value, ensuring timely completion of the reconciliation mandate for the IISC Authority.
General Conditions of Contract (GCC) & Integrity Compliance
The contract shall be governed by the General Financial Rules (GFR) 2017. Any disputes arising shall be resolved through arbitration under the Indian Arbitration and Conciliation Act, 1996, with the venue fixed at the IISC Authority headquarters. Payments will be processed based on milestone billing linked to the verification of the 9th list of undelivered cheques. A Defect Liability Period (DLP) of six months applies post-completion to address any reconciliation discrepancies. Furthermore, an Integrity Pact is mandatory for high-value contracts to ensure transparency, accountability, and the prevention of corrupt practices throughout the procurement lifecycle.
Procurement & Bidding FAQs — 9th List of Undelivered Cheques Whi
Is a Joint Venture (JV) eligible to participate in this tender?
Unless explicitly stated in the NIT, JVs are generally discouraged; however, if permitted, all partners must meet the cumulative technical and financial criteria.
What is the prescribed 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 final bid validity.
What is the standard bid validity period for this procurement?
The bid validity period is typically 120 days from the date of technical bid opening, during which the bidder cannot withdraw or alter their offer.
Are there any price variation clauses applicable to this contract?
No, this is a fixed-price contract. No price variation or escalation will be entertained during the currency of the contract period.
How are technical evaluation marks calculated?
Technical evaluation is based on a Quality and Cost Based Selection (QCBS) or Least Cost Selection (LCS) method, where bidders must score a minimum threshold to qualify for financial opening.
Can the PBG be submitted in the form of a Demand Draft?
Yes, the Performance Bank Guarantee can be submitted as a Demand Draft or Fixed Deposit Receipt (FDR) pledged in favor of the IISC Authority, in addition to a Bank Guarantee.