Hiring of Consultants - Milestone/Deliverable Based - Subject Matter Experts; Legal, Lender Legal C
Rural Electrification Corporation Limited
GURGAON, HARYANA
Posted:
16 May 2025
Closed:
22 May 2025
GEM
Tender Overview
Power Finance Corporation Limited invites proposals for a Milestone/Deliverable Based engagement to provide Subject Matter Experts focusing on Legal Subject Matter Expert services. The contract is described as Hybrid with scope defined by milestones/deliverables. The tender includes a flexible quantity/duration option with up to 25% adjustment at contract issuance and potential post-issue adjustment. Although specific start/end dates and estimated value are not disclosed, bidders should plan for milestone-driven work, clearly defined deliverables, and alignment with corporate governance and regulatory requirements. The absence of a BOQ suggests a highly specialized advisory role and a need for demonstrated legal proficiency in power sector regulations. A notable differentiator is the ability to modify scope within the 25% threshold, requiring bidders to propose scalable resource plans and clear escalation paths. This opportunity targets professional legal consultants with track records in milestone-based engagements and hybrid service delivery models.
Technical Specifications & Requirements
- Category: Milestone/Deliverable-Based Consulting – Legal Subject Matter Expert
- Engagement Type: Hybrid (as per scope of work)
- Key Clauses: Up to 25% quantity/duration adjustment at contract issue; subsequent adjustments capped at 25%
- Excess Settlement: Service providers may include additional charges up to a defined percentage of item-level value with supporting documentation
- BOQ: No items listed; indicates a results-oriented advisory scope rather than product deliverables
- Standards/Compliance: Not specified in the data available; bidders should expect sector-specific governance and regulatory alignment to be required
- EMD/Financials: Not disclosed; bidders must assume standard procurement prerequisites for consultant services and verify on bid submission
- Delivery/Timeline: Not specified; respond with milestone-driven timelines aligned to deliverables and client approval cycles
- Documentation: Prepare detailed CVs, case studies, and milestone-based work plans aligned to Power Finance Corporation needs
Terms, Conditions & Eligibility
- EMD/Performance: Amounts not disclosed in the data; bidders should verify exact EMD requirements in the official at submission
- Experience: Demonstrated capability in legal advisory for power/infra projects and milestone-based engagements
- Delivery Terms: Hybrid engagement with milestone approvals; flexible scope adjustments up to 25% before contract issuance and after
- Payment Terms: Not specified; typical models include milestone-based payments subject to acceptance
- Documentation: Standard bidder documents (CVs, certifications, prior engagement records, GST/PAN, financials) expected for submission
- Penalties/Warranty: Not detailed; bidders should seek clarity on SLAs and potential LDs in the ATC or contract
- Compliance: Ensure alignment with corporate governance and regulatory requirements for the power sector
- Other: No BOQ; emphasize capability to deliver high-level legal expertise with tangible milestones
