Core Announcement – Order Details
Awarding Entity: Ministry of Electronics and Information Technology through National Informatics Centre Services Incorporated (NICSI).
Domestic/International Order: Domestic Entity.
Nature of Order/Contract: Empanelment for supply of manpower services for NICSI/NIC internal requirements and projects. The selected vendor is required to discharge all obligations under the tender to NIC/user departments as per orders from NICSI.
Order Value: INR ₹ 52,19,862/- (Rupees Fifty Two Lakh Nineteen Thousand Eight Hundred Sixty Two only).
Materiality Context: Not Specified.
Execution Timeline: Six months from the date of allotment.
Revenue Recognition / Billing Structure: Payment to the agency will be made on a monthly basis depending upon the actual duration of the support services rendered at NICSI/User Office after availing service.
Key Terms & Payment Milestones:
- The empanelled agency is bound to regularly pay the deployed manpower their entitlements including monthly salaries/wages, annual increment, EPF, ESI, Bonus, Medical Insurance, and Accidental Insurance as applicable.
- Proof of these payments must be submitted to NICSI along with Vendor Invoices for bill processing.
- Regarding the Earnest Money Deposit (EMD), if submitted as a Demand Draft, the agency can opt to convert it into a Security Deposit for the empanelment period plus three months.
Whether Related Party Transaction: No, the order/contract would not fall within related party transactions.
Promoter Group Involvement: No. None of the promoter/promoter group/group companies have any interest in the entity that awarded the order.
Financial Implication: Not Specified.