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
Graduate / As specified in official notice. 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 and bidders on the GeM 4.0 portal or CPPP using valid Digital Signature Certificates (DSC) to ensure secure authentication and compliance with IT Act provisions.
Conduct a mandatory pre-bid clarification meeting to address technical queries, scope ambiguities, and eligibility criteria, ensuring all prospective bidders receive uniform responses via formal corrigendum uploads on the portal.
Submit the two-cover bid comprising the technical proposal, including credentials and methodology, and the financial proposal, ensuring no price disclosure occurs within the technical cover to maintain evaluation integrity.
Execute the commercial BoQ financial opening process, where the system automatically ranks bidders based on the lowest evaluated price, provided they have successfully cleared the technical evaluation stage.
Issue the formal Letter of Award (LoA) to the L1 bidder, followed by the signing of the contract agreement, incorporating all terms, conditions, and performance security submission requirements.
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 | The bidder must demonstrate an average annual financial 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 executing at least three similar executive search or recruitment projects for government organizations or autonomous bodies within the last five years. |
| Statutory Benchmark | The bidder must possess valid statutory registrations including GSTIN, PAN, EPF, ESI, and a valid Labor License as mandated by the Contract Labour (Regulation and Abolition) Act. |
| Statutory Benchmark | MSMEs and DPIIT-recognized startups are eligible for exemption from EMD and prior turnover/experience criteria under Rule 170 of GFR 2017, subject to submission of valid Udyam or DIPP certificates. |
Financial Safeguards, EMD & Performance Security Guarantees
The contract valuation for the IBSD Executive Director recruitment process must be determined based on market benchmarking for high-level executive search services. 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 total contract value is required from the successful bidder to secure performance obligations throughout the engagement. Tender document fees are generally waived on GeM, but if offline, they remain non-refundable. The Liquidated Damages (LD) clause is strictly capped at 0.5 percent per week of delay, with a maximum ceiling of 10 percent of the contract value. This structure ensures financial accountability, mitigates risk for IBSD, and aligns with standard public procurement financial protocols for professional service 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 IBSD headquarters. Billing is linked to specific recruitment milestones, such as candidate shortlisting and final selection. A Defect Liability Period (DLP) of six months applies to the recruitment process to address any procedural lapses. Furthermore, an Integrity Pact is mandatory for high-value contracts to ensure transparency and prevent corrupt practices. All payments are subject to statutory deductions, and the contractor must maintain strict confidentiality regarding candidate data in compliance with the Data Protection Act.
Procurement & Bidding FAQs — Ibsd of Director - Executive Direct
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JVs 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 90 days from the date of technical bid opening, extendable upon mutual consent if required.
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 Selection (LCS) method, with minimum qualifying marks set at 70 percent.
Bidders may withdraw or modify their bids before the deadline for submission; however, withdrawal after the deadline results in the forfeiture of the EMD.