Harcobank Director Recruitment
Official recruitment notice issued by Harcobank for the post of Director. Review verified pay structure, eligibility, vacancies, and application guidelines.
Key Recruitment Specifications
Category-Wise Vacancy Reservation
| UR | Total |
|---|---|
| 1 | 1 |
Essential Educational Qualification
M.Tech / M.E, B.Tech / B.E (Engineering). Candidates must ensure all certificates are verified prior to the cutoff date.
Selection Methodology
1. Screening / Shortlisting of Applications, 2. Academic / Research Performance Evaluation, 3. Personal Interview & Document Verification.
Frequently Asked Questions
| Cadre Designation | Vacancies | Pay Level | Deadline |
|---|---|---|---|
| Government Post / | 1 | Rs. 25,500 - 29,200 | 2026-09-30 |
| Government Post / | 1 | Rs. 25,500 - 29,200 | 2026-09-30 |
| Director | 1 | Rs. 123,100 - 144,20 | 2026-09-30 |
| Probationary Officer (PO) / Clerk | 1 | Rs. 25,500 - 29,200 | 2026-09-30 |
| Procurement Scope | Est. Value | EMD Amount | Closing Date |
|---|---|---|---|
| Tender Notice - Harcobank (Tender: General Go | Refer Tender Notic | 2% Statutory EMD | Refer RFP Sched |
e-Procurement Bidding Roadmap & Portal Workflow
Register the entity on the GeM portal or CPPP using a valid Digital Signature Certificate (DSC) to obtain necessary procurement tokens for participating in the Harcobank recruitment tender process.
Conduct a pre-bid clarification meeting to address technical queries from prospective bidders, ensuring transparency and providing necessary amendments or clarifications through formal corrigendum uploads on the official procurement portal.
Submit the two-cover bid consisting of a technical proposal detailing recruitment methodology and a separate commercial BoQ, ensuring all documents are digitally signed and uploaded before the deadline.
Perform the commercial BoQ financial opening for technically qualified bidders only, ensuring a comparative statement is generated to identify the L1 bidder based on the lowest evaluated price.
Issue the formal Letter of Award (LoA) to the successful bidder after verifying the PBG submission and ensuring all contractual terms are accepted in writing by the selected agency.
Technical Qualification Matrix & Due Diligence Standards
Bidders participating in Harcobank Director Recruitment must satisfy the multi-tiered technical, financial, and statutory qualifying covenants detailed below:
| Evaluation Benchmark | Mandated Technical & Financial Covenant |
|---|---|
| Statutory Benchmark | The bidder must demonstrate an average annual turnover of at least 30 percent of the estimated contract value during the preceding three financial years, supported by audited balance sheets. |
| Statutory Benchmark | The bidder must have successfully executed at least two similar recruitment or executive search projects for government entities or public sector banks within the last five years. |
| Statutory Benchmark | The bidder must possess valid statutory registrations including GSTIN, PAN, EPF, ESI, and a valid Labor License under the Contract Labour (Regulation and Abolition) Act, 1970. |
| Statutory Benchmark | MSMEs and Startups are eligible for exemption from EMD and prior turnover requirements under Rule 170 of GFR 2017 and the Public Procurement Policy, provided they submit valid Udyam certificates. |
Financial Safeguards, EMD & Performance Security Guarantees
The contract valuation for recruitment services must be determined based on the estimated volume of hiring and market benchmarks for executive search firms. As per GFR 2017, an EMD of 2 percent of the estimated value is mandatory to ensure bidder seriousness, though MSMEs may be exempted under Rule 170. A Performance Bank Guarantee (PBG) of 3 to 5 percent of the contract value is required from the successful bidder to safeguard against non-performance. A nominal non-refundable tender fee may be levied to cover administrative costs. The contract must incorporate a robust Liquidated Damages (LD) clause, stipulating a deduction of 0.5 percent of the contract value per week of delay, capped at a maximum of 10 percent of the total contract value. These parameters ensure financial discipline, mitigate procurement risks, and align the engagement with standard public sector financial protocols for service-based contracts.
General Conditions of Contract (GCC) & Integrity Compliance
The contract shall be governed by the Indian Arbitration and Conciliation Act, 1996, with disputes settled through sole arbitration in the jurisdiction of the Harcobank headquarters. Billing will follow a milestone-based structure linked to successful candidate onboarding and probation completion. A Defect Liability Period (DLP) of six months applies to recruitment quality, ensuring replacement of candidates who resign prematurely. An Integrity Pact is mandatory for high-value contracts to ensure transparency, anti-corruption compliance, and ethical conduct throughout the service delivery lifecycle, protecting the interests of the procuring entity and ensuring adherence to GFR 2017 guidelines.
Procurement & Bidding FAQs — Harcobank Director Recruitment
Joint Ventures are generally discouraged unless specifically mentioned in the NIT; however, consortiums may be allowed if they meet the combined technical and financial criteria.
The EMD Bank Guarantee must be issued by a scheduled commercial bank in India, strictly following the format provided in the tender document, and remain valid for 45 days beyond the bid validity.
The bid validity period is typically 120 days from the date of technical bid opening, during which the bidder cannot withdraw or modify their offer.
No, this is a fixed-price contract. Bidders are expected to factor in all operational costs, taxes, and statutory levies at the time of submission.
Technical evaluation is based on a Quality and Cost Based Selection (QCBS) or Least Cost Selection (LCS) method, where bidders must score a minimum threshold to qualify for financial opening.
No, while MSMEs are exempt from EMD, they are generally required to submit the Performance Bank Guarantee to ensure service delivery standards are maintained.