IFCI Infrastructure Development Limited Actuarial Valuation Consultant Tender East Delhi 2026 - Milestone/Deliverable Based Engagement

Tender Overview

The procuring entity is IFCI Infrastructure Development Limited, operating under the Department of Financial Services, seeking a Milestone/Deliverable Based Engagement of Actuarial Valuation Consultant Firms or Fellows of the Institute of Actuaries of India for actuarial valuation work. Location is East Delhi, Delhi 110031. The scope centers on providing actuarial valuation services through a structured milestone-based deliverable contract, leveraging experienced actuaries. The procurement emphasizes qualified actuarial expertise and a firm capability to deliver periodic valuations, documentation, and advisory input. A notable clause allows a 25% adjustment in contract scope or duration at issue and post-issuance, requiring readiness to adapt as project needs evolve. The opportunity hinges on delivering precise actuarial outputs within defined milestones, with emphasis on compliance and professional standards.

Technical Specifications & Requirements

• No specifications available in the provided tender data; however, the engagement is clearly for actuarial valuation consulting.
• Expected deliverables include actuarial valuation reports, risk assessment inputs, and advisory notes aligned with project milestones.
• The procurement is based on a milestone/deliverable model, implying phased submission of work products and corresponding payments.
• The contract allows a 25% fluctuation in quantity or duration for lumpsum-based services, subject to bidder consent.
• Experience alignment with actuarial practice and familiarity with Department of Financial Services expectations are implicit requirements.
• The absence of explicit listed standards suggests bidders should demonstrate ISAI/Actuarial standards familiarity and professional credibility.
• Emphasis on ability to furnish timely, compliant, and auditable valuation documentation.

Terms, Conditions & Eligibility

• EMD details not specified in the data; bidders should prepare standard bid security as per tender norms.
• 25% scope/duration variation permissible at contract issue and post-issuance; ensure readiness for adjustments.
• Milestone-based deliverables indicate staged acceptance criteria and payment milestones.
• Experience criteria: must show senior actuarial capability, with fellow members or firms of Institute of Actuaries of India preferred.
• Location specificity: East Delhi, Delhi 110031; ensure local regulatory familiarity and alignment with DFS expectations.
• Documentation and submission specifics are not disclosed; bidders should be prepared with typical bid documents and firm credentials.