Iimb Director Recruitment
Official recruitment notice issued by Iimb for the post of Director. Review verified pay structure, eligibility, vacancies, and application guidelines.
Key Recruitment Specifications
Essential Educational Qualification
Ph.D / Doctorate, MBA / PGDM, Graduate (Bachelor's 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. 7716 | 2020-10-05 |
| Director | 1 | Rs. 7716 | 2025-12-23 |
| Director | 1 | Rs. 7716 | 2026-08-14 |
| Director | 1 | Rs. 7716 | 2025-12-23 |
e-Procurement Bidding Roadmap & Portal Workflow
Register the procuring entity on the GeM portal or CPPP, ensuring valid Digital Signature Certificates (DSC) are obtained for all authorized signatories to facilitate secure online tender publication and document access.
Conduct a mandatory pre-bid clarification meeting to address technical queries from prospective bidders, ensuring transparency and providing formal corrigenda to all participants to maintain a level playing field for everyone.
Implement a two-cover system where bidders submit technical credentials and financial bids separately, ensuring that technical evaluation is completed before the financial bids of qualified vendors are opened for consideration.
Perform the commercial BoQ financial opening for technically qualified bidders, conducting a comparative analysis to identify the L1 vendor while ensuring the rates are reasonable and aligned with market standards.
Issue the formal Letter of Award (LoA) to the successful bidder upon successful verification of performance security, marking the official commencement of the contractual obligations and the recruitment project timeline.
Technical Qualification Matrix & Due Diligence Standards
Bidders participating in Iimb 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 executing at least three similar executive search or leadership recruitment projects for premier educational or research institutions within 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 all applicable Indian labor and taxation laws. |
| Statutory Benchmark | MSMEs and Startups are eligible for exemption from EMD and prior turnover/experience requirements under Rule 170 of GFR 2017, provided they submit valid Udyam Registration or DPIIT recognition certificates. |
Financial Safeguards, EMD & Performance Security Guarantees
The procurement for IIMB Director recruitment services requires a robust financial framework aligned with GFR 2017. Given the specialized nature of executive search, the estimated contract value must be derived from market benchmarking. An EMD of 2 percent is mandatory to ensure bidder seriousness, though MSMEs may be exempted under Rule 170. A Performance Bank Guarantee of 3 to 5 percent of the contract value is essential to secure performance throughout the engagement period. The tender fee should be non-refundable to cover administrative processing costs. To mitigate risks associated with delays in the selection process, a Liquidated Damages clause of 0.5 percent per week of delay, capped at 10 percent of the total contract value, is incorporated. This structure ensures fiscal discipline, protects the institution's interests, and maintains accountability for the service provider throughout the recruitment lifecycle.
General Conditions of Contract (GCC) & Integrity Compliance
The contract shall be governed by the Indian Arbitration and Conciliation Act, 1996, with disputes settled in Bengaluru. Payments will be linked to specific milestones, such as the submission of the long-list, short-list, and final candidate selection. A Defect Liability Period of six months post-appointment is mandatory to address any recruitment-related discrepancies. Furthermore, an Integrity Pact must be signed by both parties to ensure transparency and prevent corrupt practices throughout the procurement process. All contractual obligations must strictly adhere to the General Financial Rules 2017 to ensure institutional accountability and financial probity in the recruitment of the Director.
Procurement & Bidding FAQs — Iimb Director Recruitment
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Joint Ventures are generally discouraged for professional consultancy services unless explicitly stated in the tender document to ensure individual accountability.
The EMD Bank Guarantee must be issued by a scheduled commercial bank in India, following the standard format provided in the tender document, valid for 45 days beyond bid validity.
The standard bid validity period is 120 days from the date of technical bid opening, during which the bidder cannot withdraw or modify their offer.
No, the contract is based on a fixed-price model; no price variation or escalation is permitted during the currency of the contract.
Technical evaluation is based on a weighted scoring matrix covering firm experience, consultant expertise, methodology, and past performance, requiring a minimum qualifying score of 70 percent.
No, the tender document fee is non-refundable regardless of the outcome of the technical or financial evaluation process.