Sunday, 2 October 2011

R100-cr turnover floor for CMAT bid

With the ground being set for the computer-based Common Management Admissions Test (CMAT) 2012, the All India Council for Technical Education (AICTE) has fixed a minimum revenue requirement of R100 crore for education companies willing to bid for the project.
The bidder should have a minimum annual turnover of at least R100 crore in the past three years for global operation besides being a profit-making organisation during the same time-frame, according to the tender floated by the council.
AICTE, which will conduct the CMAT, may enter into an initial 3-5 year contract, but plans to retain overall control over test-generation and delivery mechanism.
As per the tender, CMAT-2012 will be implemented at all stages, including test announcement, registration, application processing, issuing admit cards, question bank development, test construction, test delivery, score processing and result declaration. The test will comprise four sections, namely QT and data interpretation, logical reasoning, general awareness and language comprehension.

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