Ibsd of Director - Executive Director of iBRIC September Recruitment
Official recruitment notice issued by Ibsd for the post of Director - Executive Director of iBRIC September. Review verified pay structure, eligibility, vacancies, and application guidelines.
Key Recruitment Specifications
Category-Wise Vacancy Reservation
| UR | Total |
|---|---|
| 1 | 1 |
Essential Educational Qualification
Ph.D / Doctorate, B.Tech / B.E (Engineering), 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
e-Procurement Bidding Roadmap & Portal Workflow
Register the procuring entity on the GeM portal or CPPP, ensuring valid Digital Signature Certificates (DSC) and organizational credentials to initiate the electronic tender process for the recruitment services.
Conduct a pre-bid clarification meeting to address technical queries from prospective bidders, ensuring transparency and providing formal corrigendum responses to all participants to maintain a level playing field.
Execute a two-cover system submission where bidders upload technical credentials in Cover-I and financial BoQ in Cover-II, ensuring strict separation to prevent premature disclosure of commercial quotes.
Perform a technical evaluation followed by the opening of financial BoQs for technically qualified bidders, ensuring the selection of the L1 bidder based on the lowest evaluated price.
Issue the formal Letter of Award (LoA) to the successful bidder, followed by the signing of the contract agreement incorporating all terms, conditions, and service level agreements.
Technical Qualification Matrix & Due Diligence Standards
Bidders participating in Ibsd of Director - Executive Director of iBRIC September Recruitment must satisfy the multi-tiered technical, financial, and statutory qualifying covenants detailed below:
| Evaluation Benchmark | Mandated Technical & Financial Covenant |
|---|---|
| Statutory Benchmark | Average Annual Financial Turnover of the bidder during the last three financial years, ending 31st March of the previous financial year, should be at least 30% of the estimated contract value. |
| Statutory Benchmark | The bidder must have successfully completed similar recruitment or executive search projects for government or autonomous bodies during the last seven years, supported by copies of work orders. |
| Statutory Benchmark | Bidders must possess valid statutory registrations including GSTIN, PAN, EPF, ESI, and a valid Labor License as per the Contract Labour (Regulation and Abolition) Act, 1970. |
| Statutory Benchmark | Exemption from EMD and prior turnover/experience criteria is applicable to registered MSMEs and Startups under Rule 170 of GFR 2017, subject to submission of valid Udyam/DPIIT certificates. |
Financial Safeguards, EMD & Performance Security Guarantees
The contract valuation for the IBSD Executive Director recruitment project must align with GFR 2017 guidelines, ensuring cost-reasonableness through market benchmarking. An EMD of 2% of the estimated value is mandatory to ensure bidder seriousness, though MSMEs may be exempted under Rule 170. A Performance Bank Guarantee (PBG) of 3-5% of the contract value is required post-award to secure performance obligations. Tender fees are generally waived on GeM, but if offline, must be non-refundable. The Liquidated Damages (LD) clause is strictly capped at 0.5% per week of delay, with a maximum ceiling of 10% of the total contract value. These parameters ensure financial protection for IBSD while maintaining competitive participation. All financial instruments must be verified for authenticity via the issuing bank's SFMS portal to mitigate fraud risks during the procurement lifecycle.
General Conditions of Contract (GCC) & Integrity Compliance
The contract shall be governed by the General Financial Rules (GFR) 2017. Disputes arising shall be settled through arbitration under the Indian Arbitration and Conciliation Act, 1996, with the venue in the jurisdiction of the IBSD headquarters. Payments are linked to defined milestones, ensuring accountability. A Defect Liability Period (DLP) of one year applies to the recruitment process outcomes. An Integrity Pact is mandatory for high-value contracts to ensure transparency and prevent corrupt practices. All service delivery must adhere to the scope of work, with non-compliance triggering penalty clauses and potential forfeiture of the Performance Bank Guarantee.
Procurement & Bidding FAQs — Ibsd of Director - Executive Direct
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Unless explicitly stated in the tender document, JVs are generally discouraged for service-based recruitment contracts to ensure accountability of a single legal entity.
The EMD Bank Guarantee must be issued by a scheduled commercial bank in the specific format provided in the tender document, valid for at least 45 days beyond the bid validity.
The standard bid validity period is 90 to 120 days from the date of technical bid opening, during which the bidder cannot withdraw or modify their offer.
No, recruitment services are typically fixed-price contracts. Price variation clauses are generally not applicable unless the contract duration exceeds two years with specific economic indices.
Technical evaluation is based on a Quality and Cost Based Selection (QCBS) or Least Cost Selection (LCS) method, where bidders are scored on experience, methodology, and team expertise.
No, while MSMEs are exempt from EMD, they are generally required to submit the Performance Bank Guarantee to ensure the successful execution of the contract.