Hsfc Director Recruitment
Official recruitment notice issued by Hsfc 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
MBBS / Medical Degree. 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 | 2023-10-27 |
| Junior Administrative Assistant / Executive | 1 | Level-11 (Rs. 67,700 | 2023-10-27 |
| Number Remarks | 1 | Level-11 (Rs. 67,700 | 2023-10-27 |
| Medical Officer | 1 | Level-11 (Rs. 67,700 | 2023-10-27 |
| Procurement Scope | Est. Value | EMD Amount | Closing Date |
|---|---|---|---|
| Tender Notice - Hsfc (Tender: General Governm | Refer Tender Notic | 2% Statutory EMD | Refer RFP Sched |
| Tender Notice - Hsfc (Tender: General Governm | Refer Tender Notic | 2% Statutory EMD | Refer RFP Sched |
| Tender Notice - Hsfc (Tender: General Governm | Refer Tender Notic | 2% Statutory EMD | 2023-10-27 |
e-Procurement Bidding Roadmap & Portal Workflow
The bidder must register on the GeM portal or CPPP using a valid Class-III Digital Signature Certificate to obtain system tokens and access the tender documents for the recruitment project.
A pre-bid meeting is conducted to address technical queries and clarify scope requirements, ensuring all prospective bidders have a uniform understanding of the recruitment process and evaluation criteria before submission.
Bidders submit a two-cover system comprising a technical bid with credentials and a financial BoQ, ensuring no price details are disclosed in the technical cover to maintain evaluation integrity.
The technical evaluation committee reviews submissions against pre-qualification criteria; qualified bidders proceed to the commercial opening where the lowest responsive bidder is identified based on the BoQ financial quote.
Upon successful financial evaluation and approval by the competent authority, a formal Letter of Award is issued to the successful bidder, initiating the contract signing and service commencement process.
Technical Qualification Matrix & Due Diligence Standards
Bidders participating in Hsfc 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 last three consecutive financial years, supported by audited balance sheets. |
| Statutory Benchmark | The bidder must provide proof of successfully executing at least three similar executive search or recruitment projects for government organizations or public sector undertakings in the last five years. |
| Statutory Benchmark | The bidder must possess valid statutory registrations including GSTIN, PAN, EPF, ESI, and a valid Labor License, ensuring full compliance with prevailing Indian labor and tax laws. |
| Statutory Benchmark | In accordance with Rule 170 of GFR 2017 and the Public Procurement Policy, MSMEs and DPIIT-recognized startups are exempted from EMD requirements upon submission of valid Udyam or startup registration certificates. |
Financial Safeguards, EMD & Performance Security Guarantees
The procurement for HSFC Director recruitment requires a robust financial framework aligned with GFR 2017. The contract valuation must be determined based on market benchmarking for executive search services. An Earnest Money Deposit (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 essential to secure performance obligations. Tender document fees are generally waived on GeM, but if applicable, must be non-refundable. Liquidated Damages (LD) are strictly capped at 0.5 percent per week of delay, with a maximum ceiling of 10 percent of the total contract value. These parameters ensure financial accountability, risk mitigation, and adherence to standard public procurement guidelines while maintaining transparency and protecting the interests of the procuring entity throughout the recruitment lifecycle.
General Conditions of Contract (GCC) & Integrity Compliance
The contract shall adhere to the General Financial Rules 2017. Dispute resolution will be governed by the Indian Arbitration and Conciliation Act, 1996, with the venue in the jurisdiction of the procuring entity. Payments will be structured on milestone-based deliverables, such as the submission of a long-list, short-list, and final candidate selection. A Defect Liability Period (DLP) of six months post-recruitment is mandated to ensure candidate retention. Furthermore, an Integrity Pact is required for high-value contracts to ensure transparency, prevent corruption, and maintain ethical standards throughout the recruitment process, ensuring all parties remain bound by strict confidentiality and professional conduct clauses.
Procurement & Bidding FAQs — Hsfc Director Recruitment
Joint Ventures are generally not permitted unless explicitly stated in the tender document, as executive search requires specialized individual firm expertise.
The EMD Bank Guarantee must be issued by a scheduled commercial bank in the specific format provided in the tender document, valid for 45 days beyond the bid validity.
The standard bid validity period is 180 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; no price variation or escalation is permitted during the tenure of the agreement.
Technical evaluation is based on a Quality and Cost Based Selection (QCBS) or Least Cost System (LCS) method as defined in the technical evaluation matrix.
Requests for extensions are considered only if submitted before the deadline and if the procuring entity deems it necessary to ensure wider competition.