OFFICE MEMORANDUM
In partial modification of the Office Memorandum No.IITMandi/DINFRA/Notf./2023/31/0073-0076 dated 08-03-2023, the Competent Authority has been pleased to accord approval to the recommendations of the Dean (I&S) in respect of the revision of the following:
Financial Power has been approved to Assistant Engineer (Civil) and Assistant Engineer (Electrical) for construction/maintenance work and purchase of material
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Sl. No. |
Designation |
Description |
Limits |
Annual Ceiling For Maintenance Purpose |
Approved process |
Bill verifying authority |
Bill Passing authority |
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AE (C) and AE (E) |
Urgent works through open call of quotations or spot quotations (total annual value of spot quotations is limited to 20 % of the annual limit of work order) |
Up to Rs. 75,000/- |
Upto Rs. 9 lacs |
Estimate Prepared by JE (C) & JE (E) and approved by AE (C) & AE (E)
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JE (C) & JE (E) |
AE (C) & AE (E) |
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The quotations will be opened by duly constituted committee members. Committee approved by noting on dated 14-02-2023. |
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Purchase of material from open market through tender/NIQ or through GeM Portal |
Up to Rs. 40,000/- |
Up to Rs.6 lacs |
List of material get prepared by Construction Wing Staff |
JE (C) & JE (E) |
AE (C) & AE (E) |
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NIQ will get approved and invited by AE (C) & AE (E) |
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After receiving the quotations, quotations will be opened on scheduled date and time & supply order will be issued to L-1 bidder. |
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Supply order through GeM or through NIQ will issued by AE (C) & AE (E) |
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Purchase of material from open market |
Up to Rs. 8,000/- |
Up to Rs. 1.2 lacs |
For procurement of material required for petty maintenance works shall be procured from local market after obtaining quotation from the market and the bill for the material will be approved by AE (C) & AE (E) |
JE (C) & JE (E) |
AE (C) & AE (E) |
Further, the following Committee is constituted for technical and financial evaluation of quotations for the value upto Rs. 75,000/-
1. Superintending Engineer, IIT Mandi
2. Assistant Engineer (C) North
3. Assistant Engineer (C) South
4. Assistant Engineer (E)
Dean (I&S)
1. Office of the Registrar
2. Deputy Registrar (A&L)
3. Officer Incharge Finance & Accounts
4. Construction Wing
5. Institute Website
6. Office File