Iifm s on deputation basis Recruitment
Official recruitment notice issued by Iifm for the post of Officer / Executive (Iifm). Review verified pay structure, eligibility, vacancies, and application guidelines.
Key Recruitment Specifications
Category-Wise Vacancy Reservation
| UR | Total |
|---|---|
| 1 | 1 |
Essential Educational Qualification
B.Tech / B.E (Engineering), Graduate (Bachelor's Degree). Candidates must ensure all certificates are verified prior to the cutoff date.
Selection Methodology
Personal Interview.
Frequently Asked Questions
| Cadre Designation | Vacancies | Pay Level | Deadline |
|---|---|---|---|
| s on deputation basis | 1 | Rs. 25,500 - 29,200 | 2026-09-30 |
| Director | 1 | Rs. 123,100 - 144,20 | 2026-09-30 |
| Director | 1 | Rs. 123,100 - 144,20 | 2026-09-30 |
| Director | 1 | Rs. 123,100 - 144,20 | 2026-09-30 |
e-Procurement Bidding Roadmap & Portal Workflow
Register the procuring entity and bidders on the GeM portal or CPPP using valid Digital Signature Certificates (DSC) to ensure secure authentication and compliance with digital procurement standards.
Conduct a pre-bid clarification meeting to address technical queries, scope ambiguities, and eligibility concerns, ensuring all prospective bidders receive uniform information through formal corrigenda published on the portal.
Submit the two-cover bid comprising the Technical Bid (credentials, experience, and compliance) and the Financial Bid (BoQ), ensuring all documents are uploaded before the specified deadline to maintain integrity.
Perform the technical evaluation of bids followed by the opening of financial BoQs for technically qualified bidders, ensuring transparency and adherence to the lowest responsive bidder (L1) selection criteria.
Issue the formal Letter of Award (LoA) to the successful bidder upon successful verification of performance security, marking the commencement of the contractual obligation and recruitment service delivery.
Technical Qualification Matrix & Due Diligence Standards
Bidders participating in Iifm s on deputation basis 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 must be at least 30% of the estimated contract value during the last three consecutive financial years, supported by audited balance sheets. |
| Statutory Benchmark | Submission of at least two similar project completion certificates or work orders for recruitment services provided to Central or State Government institutions within the last five years. |
| Statutory Benchmark | Mandatory possession of valid GSTIN, PAN, EPF, and ESI registrations, along with a valid Labor License under the Contract Labour (Regulation and Abolition) Act, 1970. |
| Statutory Benchmark | Exemption from EMD and prior turnover requirements for MSMEs and Startups as per Rule 170 of GFR 2017 and the Public Procurement Policy for MSEs Order, 2012. |
Financial Safeguards, EMD & Performance Security Guarantees
The procurement for IIFM deputation-based recruitment services requires a robust financial framework aligned with GFR 2017. The contract valuation must be determined based on the projected administrative overheads and recruitment volume. An Earnest Money Deposit (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) ranging from 3% to 5% of the contract value is essential to secure performance obligations throughout the tenure. Tender document fees are generally waived on GeM, but if offline, they must remain 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 contract value. These parameters ensure financial accountability and protect the procuring entity against potential service failures or delays in the recruitment lifecycle.
General Conditions of Contract (GCC) & Integrity Compliance
The contract shall be governed by the General Financial Rules (GFR) 2017. All disputes arising shall be settled through arbitration under the Indian Arbitration and Conciliation Act, 1996, with the venue in Bhopal. Billing shall follow a milestone-based approach linked to successful candidate onboarding. A Defect Liability Period (DLP) of six months applies to recruitment quality. An Integrity Pact is mandatory for high-value contracts to ensure transparency and prevent corrupt practices. The contractor must maintain strict confidentiality regarding IIFM personnel data, ensuring compliance with prevailing data protection laws and statutory labor regulations throughout the service tenure.
Procurement & Bidding FAQs — Iifm s on deputation basis Recruitm
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Unless explicitly stated in the tender document, JVs are generally discouraged for service-based recruitment contracts to ensure individual accountability of the primary service provider.
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 final 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.
Generally, recruitment contracts are fixed-price; however, if the contract duration exceeds two years, a limited price variation clause linked to statutory wage revisions may be considered.
Technical evaluation is based on a Quality and Cost Based Selection (QCBS) or Least Cost System (LCS) method, where bidders are scored on experience, methodology, and team expertise.
No, while MSMEs are exempt from EMD, they are typically required to submit the Performance Bank Guarantee to ensure the fulfillment of contractual obligations.