#Tender Stage · When ApplicableQuick SourceFinance Role
📌 Standing Rules to Remember
📚 Source Document Map — what each reference means
IOCL Refineries · Works & Services Procurement Map
Tender Process Flow — Three Routes
e-Tender · GeM · Departmental · Focus: Works & Services (IWPM) · Click any box for full detail
🎓 First, understand Finance's THREE distinct roles in a tender
CHECKING Finance checks CBA & CS
Finance checks the Commercial Bid Analysis (CBA) and Comparative Statement (CS) for above-Rs.10L cases. This is a verification of commercial terms/prices, done by any Finance officer handling the file — NOT necessarily the TC member or the concurring authority. It happens BEFORE the TC meets. Checking ≠ concurrence.
TC MEMBER Finance gives consent in TC
Finance sits in the 3-member TC (with Materials/Contract Cell + Indenting) at exactly TWO points — PBO and Award. Here the Finance member gives CONSENT / RECOMMENDATION only as a committee member. The TC jointly recommends; it does not itself approve, concur, or "check" at this point.
FC AUTHORITY Finance gives Concurrence
Separately, Finance gives formal Finance Concurrence (FC) — an independent sign-off on financial propriety — at multiple stages: Estimate, SCC-Commercial deviation, PBO, Award, and PR/PO release. This is a different act from both checking and TC consent.
⚠ Key points to remember: (1) CBA/CS checking is by any Finance officer and is done BEFORE the TC meets — it is not concurrence and not a TC act. (2) In the TC (at PBO and Award) Finance gives consent/recommendation only — no checking, no concurrence happens in that capacity. (3) Finance Concurrence is the separate independent act; at PBO and Award the Finance Concurrence runs alongside the TC recommendation as a distinct step (PBO FC per DOP of award proposal — Appr. Matrix SN 67 / IWPM Cl. 3.4.2(iv)). (4) The FC must be by a Finance officer of grade NOT LOWER than the Finance TC member; the Finance TC member may also be the concurring authority if within delegated power.