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Request for Empanelment (RFE)

Request for proposal for

“Empanelment of Human Resource Consultants”

for hiring manpower and other HR initiatives

at

Central Registry of Securitization Asset Reconstruction and Security Interest of India

(CERSAI)

Ref no. CERSAI/RFP/2016-97

Issued on: 23.06.2016

Issued by: CERSAI

2nd Floor, Rear Block, Jeevan Vihar Building, Parliament Street , New Delhi 110001

Response Deadline: 14.07.2016 at 2:00 PM

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CERSAI – AN INTRODUCTION

Central Registry of Securitization Asset Reconstruction and Security Interest of India (CERSAI) was established on 31st March, 2011 under SARFAESI Act. It is a company under section 8 of Companies Act, 2013. The objective of CERSAI is to maintain and operate a Registration System for the registration of transactions of securitization, asset reconstruction of financial assets and creation of security interest over property, as contemplated under the Chapter IV of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) on payment of prescribed fees. This will help prevent fraud by way of multiple financing against same property/Security. Shareholding Pattern for CERSAI:

Govt. of India: 51%

National Housing Bank: 5%

10 major Public Sector Banks: 4.4% each (State Bank of India, Bank of Baroda, Punjab National Bank, Bank of India, Canara Bank, IDBI Bank, Union Bank of India, Central Bank of India, Syndicate Bank & Indian Overseas Bank)

CERSAI presently registers:

Security interest by way of deposit of title deeds.

Securitization and asset reconstruction transactions.

Assignment of debt (factoring) transactions – w.e.f. 02nd April, 2012.

Security interest over movables, intangibles and secured by mortgages other than by deposit of title deeds.

Shortly extending CERSAI registration to:

Properties under construction Institutions registered with CERSAI include:

Public Sector Banks

Private Sector Banks

Regional Rural Banks

Foreign Banks

Cooperative Banks

Housing Finance Companies

NBFCs

Asset Reconstruction Companies

Factoring Companies

Security Trustees Future Plans for CERSAI:

CERSAI has been mandated by the Government of India to establish a Central KYC Registry;

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Banks / Financial Institutions (FIs) will upload verified scanned images of IDs and address proofs of customers;

A unique Central KYC ID will be allotted to the customer and advised to him;

Financial institutions would be required to download the KYC documents from KYC Registry;

This would eventually lead to simplification of processes and reduce the time taken by customers. Further, it would result in huge cost savings for the banks / FIs.

Request for Empanelment (RFE)

CERSAI seeks a proposal from reputed consulting organisations to enable CERSAI to

empanel HR Consultants for facilitating hiring of specialized/generalist manpower

on regular/ contract basis and to help design and implement organisation structure

and HR processes to achieve the stated goals and objectives of the organization.

Under this engagement, CERSAI shall empanel HR Consultants for: -

Hiring manpower on short term/ contract basis in various positions including

Top Management positions and suggesting evaluation methods and

competency tests for internal selection/ promotions as per requirements of

CERSAI and as and when need arises/ intimated by the CERSAI from time to

time

Preparation of organization structure with roles and responsibilities

Documentation of HR processes and policy

CERSAI expressly stipulates that empanelment of a shortlisted bidders under this

RFE is on the understanding that this RFE contains only the principal provisions for

the entire assignment and that any other services which may be required in

connection with the successful implementation of the assignment shall be deemed to

be a part of the assignment. The empanelled bidder shall be required to undertake to

perform all such tasks, render requisite services as may be required for the successful

completion of the entire assignment.

CERSAI will release the Request for Proposal (RFP) to the empanelled bidders only

for specific scope of work as and when required as outlined in the RFE document.

1. PROJECT OBJECTIVE CERSAI places lot of emphasis on its human capital. Since employees are the most

valuable assets of any organization, it has also been organization’s endeavour to

focus on hiring the best candidates to achieve growth, turnover and competitive

advantage.

Given this, CERSAI would like to attract and develop the best talent.

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2. SCOPE OF WORK

The bidders are expected to provide consultancy services towards the achievement of

three objectives as stated below:

2.1 Support CERSAI’s representatives to establish requirements for hiring manpower on regular/ contract basis in various positions and completing hiring of these positions

2.2 Recommend a suitable organization structure for CERSAI based on their key objectives and requirements

2.3 Design robust HR manual including all HR processes and policies to ensure attainment of objectives of CERSAI

Detailed description of the scope of work:

2.1 Support CERSAI’s representatives to establish requirements for hiring

manpower on regular/ contract basis in various positions and completing

hiring of these positions

Preparation of job specification in coordination with CERSAI for various

positions which CERSAI intends to hire

Undertake compensation survey and finalize the compensation structure in

consultation with CERSAI for these positions

Preparation of advertisement for filling positions identified by CERSAI on

regular/ Contract basis in various positions including Top Management

positions

To assist CERSAI to advertise these positions in leading print and digital

media according to CERSAI’s requirements

Identification of suitable candidates based on their experience, skill sets,

academic qualification for certain critical positions specified by CERSAI,

coordinating with them for their participation

Providing the complete list of applicants clearly indicating their eligibility or

otherwise for publishing on CERSAI’s website keeping a window for

objections, if any. Based on the objections received within stipulated period,

the bidder shall take appropriate corrective action, if necessary, and will

prepare final list of eligible candidates. This process of online objection and

appropriate corrective action, if necessary, shall be done by the bidder, report

of which shall be submitted to CERSAI

Process soft copies of applications and providing hard copies of these online

applications to CERSAI

Short-listing of applications received for further screening (decide various

screening process required for the job role) in consultation with CERSAI

Issuance of call letters and ensuring complete co-ordination with shortlisted

candidates

Arranging for various screening process including Psychometric Test (if

required), composition of Selection Committee etc., in consultation with

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CERSAI

Facilitate conduct of interview by the Selection Committee constituted by

CERSAI

Perform background check on candidates for the position. The bidder should

ensure that the candidates identified should not have any police

record/criminal record against them. The antecedent should be in prescribed

format duly signed by Competent Authority

Handle and prepare answers for any recruitment related questions asked

under Right to Information Act as per the rules and regulations of

Government of India and/or decision of Hon’ble High Court/ Supreme Court

Arrange for medical test of all selected candidates, providing the medical

fitness certificate to CERSAI

Assist CERSAI in Internal selection/ promotion process including suggesting

evaluation methods & competency tests

Maintain a database of all applications received in response to the

advertisements and keep CERSAI updated on a weekly basis on the number

and profile of applications received

Submit a list of total applications received in all categories for the posts and

hand over the applications to CERSAI at the end of the engagement or as and

when required by CERSAI

Without prior written approval of CERSAI, the Consultant shall neither use

CERSAI’s name, nor place advertisements regarding recruitment on behalf of

CERSAI in the print or electronic media or in any other manner whatsoever

2.2 Recommend a suitable organization structure for CERSAI based on their key

objectives and requirements

Conduct internal discussions to establish business needs and objectives

Study benchmark structures and identify options for CERSAI’s top level

structure

Design and recommend top level (macro) organization structure options for

CERSAI aligned to the defined objectives

Sign off from management on top level structure

Expand the top level organization structure to last level including the

structure of support functions

2.3 Design robust HR manual including all HR processes and policies to ensure attainment of objectives of CERSAI

Design all the required HR policies and processes required for CERSAI,

including (illustrative):

o Code of Conduct

o Leave Policy

o Travel Policy

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o Performance Management System / Policy

o Transfer & Promotion Policy

o Employee Administration (Leave, Attendance, Reimbursement

Process, Deputation etc.)

o Internal Communication Process

o Grievance Handling Procedures

o Employee Health and Safety

o Sexual Harassment

All policies to be developed as per the relevant legal regulations

Design templates, forms, formats associated with the designed processes and

policies

Develop HR Policy Manual and Employee Handbook

3. SCHEDULE OF EVENTS S.No. Event Target Date 1. RFE Issued 23.06.2016 2. Pre-bid at CERSAI Office, 2nd Floor, Rear Block,

Jeevan Vihar Building, Parliament Street , New Delhi 110001

30.06.2016 at 11.00 p.m.

3. Last Date and time for Submission of Proposals 14.07.2016 2:00 p.m. 4. Date and time of Opening of Pre-qualification

Proposal at CERSAI Office, 2nd Floor, Rear Block, Jeevan Vihar Building, Parliament Street , New Delhi 110001

14.07.2016 3:00 p.m.

5. Date and time of Opening of Technical Proposal

To be informed later

5. Presentation by the bidder eligible for pre-qualification criteria to the evaluation committee if required.

To be informed later

4. REQUISITIONS AND EVALUATION CRITERIA

It is proposed to have a Two Cover System for this RFE Response.

o Pre-qualification Proposal

o Technical Proposal

The proposals will be evaluated by CERSAI evaluation committee based on the

pre‐qualification and technical proposal submitted by the bidder

CERSAI will first open only the pre-qualification proposals which shall be

evaluated as per the specified criteria

In the second step, the technical proposal of only those bidders, who qualify in

the pre-qualification stage, shall be opened and evaluation will be done based

on the specified technical criteria

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The evaluation committee shall evaluate the responses to the RFE and all

supporting documents / documentary evidence. Inability to submit requisite

supporting documents / documentary evidence would lead to rejection of the

proposal

The decision of the evaluation committee in the evaluation of responses to the

RFE shall be final

Technical bids will be evaluated for only those bidders who meet the eligibility

criteria as outlined in section 4.1

Only those bids with a technical score of >=75 shall be considered for

empanelment

All responses shall be evaluated to validate compliance of the bidders

according to the following criteria as per format and supporting documents

mentioned against each clause. Bidders who meet the eligibility criteria will be

required to make a presentation to the evaluation committee of CERSAI

4.1 Pre-qualification Proposal

CERSAI will first open only the pre-qualification proposals which shall be evaluated

as per the criteria specified below:

S.

No.

Pre-qualification requirement Documentary evidence

required

1. The Bidder should be registered in India under the Indian Companies Act 1956 and should be in operation in India for minimum of 5 years

Copy of Certificate of Incorporation from Registrar of Companies to be attached

2. The Bidder should have a minimum annual revenue of Rupees 40 Crores from pure-play HR Consulting and Recruitment each during the last three declared financial years

Copy of relevant financial statements and audited accounts to be attached Or Certificate from Auditor

3. The bidder should have prior experience of executing projects with similar scope of work in India in the last five years

Recruited at least 10 top management positons in financial services sector

Recruited at least 20 mid-management positons in financial services sector

Copy of Work Order/ Engagement Letter

4. The bidder should have a minimum of 50 full time HR Consultants on its payroll in India

Self-certificate from authorised personnel

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4.2 Technical Proposal

The following table lists down the evaluation criteria and the associated weightage of

marks allotted that would help in technical evaluations of the proposals:

S.

No.

Evaluation Criteria / Definition Points

1. Experience of the bidder in the line of business of providing

end-to-end recruitment services in middle/ senior/ top

management positions in the financial services sector

20

2. Experience of the bidder in HR consulting for similar scope

of work in last 5 years

15

3. CVs of personnel proposed by the Bidder 15

4. Proven ability to deliver HR consulting work through use of

well-researched tools and methodologies

­ Robust tools and methodologies in the areas of

organisation structuring, competencies, job design and

evaluation

­ Comprehensive compensation database, comprising

benchmarks from 400 or more companies across diverse

sectors

20

5. Proposed Approach & Methodology

­ Understanding of the assignment & objectives

­ Proposed Approach & Methodology and its applicability

to meet assignment’s objective

­ Roadmap and action plan for implementation

15

6. Team Presentation 15

Total 100

5. GUIDELINES Bidding agencies are advised to study this RFE document carefully before submitting

their proposals. Submission of a proposal in response to this notice shall be deemed

to have been done after careful study and examination of this document with full

understanding of its terms, conditions and implications.

In order to facilitate the evaluation by CERSAI and to ensure each proposal receives

full consideration, proposals should be accompanied by the documents as listed

below:

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All information included in this Request for Proposal (RFE) is confidential and

only for the knowledge of the recipient. No information included in this

document or in discussions connected to it may be disclosed to any other party.

The Bidders should submit 2 printed copies of the proposal and a non-rewritable

CD as a single file in PDF format containing the Pre-qualification and Technical

Bid along with all annexures and forms/letters

The Bid should be submitted in two separate envelopes;

a. Pre-qualification Proposal

b. Technical Proposal

All pages of the proposal must be sequentially numbered and shall be initialled by

the Authorized Representative of the Bidder

The technical part of the proposal should not contain any pricing information

whatsoever on the services offered

The Bidder shall seal the Proposal in one outer and two inner envelopes, as

detailed below:

a) The outer envelope shall be addressed to

Chief operating Officer CERSAI 2nd Floor, Rear Block, Jeevan Vihar Building, Parliament Street,

New Delhi-110001 Telephone: 011-23740170

Email: coo@cersai.org.in

Marked clearly: Proposal for – “Empanelment of Human Resource

Consultants” for hiring manpower and other HR initiatives in CERSAI

All inner envelopes shall indicate the name and address of the Bidder

The first inner envelope marked “Pre-qualification proposal” shall contain the

Pre-qualification Proposal with 2 hard copies duly marked “Original” and

“Copy”

The second inner envelope marked “Technical proposal” shall contain the

Technical Proposal with 2 hard copies duly marked “Original” and “Copy”

A third sealed envelope shall contain the non-rewritable CD with the soft copy of the proposal in the pdf format

The hardcopies of the Pre-qualification and Technical proposal should be in separate sealed envelopes, clearly marked

For any queries with respect to the RFE, please send an email to coo@cersai.org.in .

The concerned authority will provide clarifications if necessary.

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6. SUGGESTIVE PAYMENT SCHEDULE – Will be formalised at the RFP Stage

7. RIGHTS OF CERSAI

At any time, CERSAI may, for any reason, modify the RFE Document by an

amendment

The amendment will be intimated to all proposers who confirm their intention

to participate by email

In order to accord prospective Bidders reasonable time to take the

amendment into account, CERSAI may, at its discretion, extend the last date

for the receipt of Bids

The Bidders are allowed to resubmit their bid, if required, after such

amendments

If CERSAI deems it appropriate to revise any part of this RFE or to issue

additional data to clarify an interpretation of provisions, it may issue

supplements to this RFE

CERSAI may, at its discretion, extend the deadline for submission of

proposals by issuing a corrigendum through email to all confirmed proposers,

in which case all rights and obligations of the project and the Bidders

previously subject to the original deadline will thereafter be subject to the

deadline as extended

CERSAI may terminate the RFE process at any time without assigning any

reason

CERSAI reserves the right to accept or reject any proposal, and to annul the

short listing process and reject all responses at any time without thereby

incurring any liability to the affected Bidder or Bidders or any obligation to

inform the affected Bidder or Bidders of the grounds for CERSAI action

8. GENERAL TERMS & CONDITIONS – PREQUALIFICATION & TECHNICAL BID

8.1 Prequalification and Technical Bid

Eligibility criterion for the bidders to qualify this stage is clearly mentioned in

Section 4.1- Prequalification Proposal. Bidder/s who meet these criteria would only

qualify for the second stage of evaluation. The Bidder/s would also need to provide

supporting documents for eligibility proof. During evaluation stage, CERSAI, at its

discretion, may ask the bidder for clarification in respect of its tender. The request

for clarification and the response shall be in writing, and no change in the substance

of the tender shall be sought, offered, or permitted.

CERSAI reserves the right to accept or reject any tender in whole or in parts without

assigning any reason thereof. The decision of CERSAI shall be final and binding on

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all the bidders to this document and CERSAI will not entertain any correspondence

in this regard. CERSAI at its discretion may reject the proposal of the Bidder, without

giving any reason whatsoever, if in the CERSAI’s opinion the Bidder could not

present or demonstrate the proposed solution as described in the proposal.

8.2 Erasures & Alterations

Technical details must be completely filled up. All the corrections or alterations, if

any, should be authenticated. There should be no hand-written material, corrections

or alterations in the offer. Technical details must be completely filled up containing

correct technical information of the product being offered.

8.3 Tenure of Empanelment

The shortlisted bidders will be empanelled for a period of 3 years during which

CERSAI may, at its discretion, enter into a contract with the empanelled bidder

(depending on the commercial quote for any particular exercise) for hiring

manpower or undertaking other HR initiatives for CERSAI.

GENERAL TERMS & CONDITIONS – OTHERS

The bidders who wish to submit responses to this RFE should note that they should

abide by all the terms and conditions contained in the RFE. If the responses contain

any extraneous conditions put in by the respondents, such responses may be

disqualified and may not be considered for the selection process.

9.1 Execution of SLA / NDA

The successful bidder shall execute (a) a Service Level Agreement (SLA)/

Memorandum of Understanding, which would include all the services and terms and

conditions of the services to be extended as detailed herein and any other conditions

as may be prescribed by CERSAI; and (b) Non-disclosure Agreement (NDA). The

costs and expenditure should be borne by the bidder. The Bidder shall execute the

SLA/ MOU and NDA within one month from the date of acceptance of Letter of

Empanelment. The contract shall be executed by the authorized signatory of the

Bidder. A power of attorney to that effect shall be submitted by the successful

bidders.

9.2 Resources

Given the large-scale HR interventions, which may need to be undertaken by

CERSAI every year, the Empanelled bidder is expected to deploy appropriate quality

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and number of resources for providing solutions in CERSAI. The strength and quality

of team will be specifically evaluated during the technical evaluation.

CERSAI reserves the right to insist the bidder to replace any team member with

another (with the qualifications and expertise as required by CERSAI) during the

course of assignment. The bidder will have to undertake that no such substitution

would delay the project timelines.

9.3 Professionalism

The bidder should provide professional, objective and impartial advice at all times

and hold CERSAI’s interests paramount and should observe the highest standard of

ethics while executing the assignment.

9.4 Adherence to Standards and compliance of laws

The bidder should adhere to laws of the land and rules, regulations and guidelines

issued by the various regulatory, statutory and Government authorities. It should

also ensure that it has complied all required legal compliances and it also has the

necessary permission and licenses to do the job as consultant.

The Bidder will be responsible for the authenticity and genuineness of the work

undertaken and will be liable for breach of contract if discrepancies/ violations are

observed. CERSAI reserves the right to ascertain information from the other

institutions to which the bidders have rendered their services for execution of similar

projects. Such feedbacks from high ranking officials would also form part of bidder

selection and any strong adverse comment/action about product or service would

make the bidder ineligible for further assessment/processing.

9.5 Expenses

It may be noted that CERSAI shall not pay any amount/expenses / charges / fees /

travelling expenses / boarding expenses / lodging expenses / conveyance expenses /

out of pocket expenses etc. other than the fees as per the final price of the successful

bidder mentioned in the commercial bid stage of any intervention. The commercial

bids will be invited at the Request for Proposal (RFP) stage.

9.6 Dispute Resolution

CERSAI and the vendor shall make every effort to resolve amicably, by direct

informal negotiation, any disagreement or dispute arising between them under or in

connection with the contract. If after 30 days from the commencement of such

informal negotiations, CERSAI and the vendor have been unable to resolve amicably

a contract dispute; either party may require that the dispute be referred for

resolution by formal arbitration.

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All questions, disputes or differences arising under and out of, or in connection with

the contract, shall be referred to sole Arbitrator appointed by CERSAI and the award

of the arbitrator shall be final and binding on the parties. The arbitration and

reconciliation act 1996 and revisions, if any, thereof, shall apply to the arbitration

proceedings and the venue of the arbitration shall be at New Delhi. The expenses

incurred by each party with the preparation, presentation, etc. of its proceeding as

also the fees and expense paid to the appointed arbitrator by such party or on its

behalf shall be borne by each party itself.

9.7 Confidentiality

This document contains information confidential and proprietary to CERSAI.

Additionally, the vendors shall be exposed by virtue of the contracted activities to the

internal business information of CERSAI. Disclosures of receipt of this RFE or any

part of the aforementioned information to parties not directly involved in providing

the services requested could result in the disqualification of the vendors, premature

termination of the contract, and / or legal action against the vendors for breach of

trust.

Empanelled vendor shall have to sign a legal non-disclosure agreement with CERSAI

before starting any project.

The vendor (and its employees) shall not, unless CERSAI gives permission in writing,

disclose any part or whole of this RFE document, of the proposal and/or contract, or

any specification, plan, drawing, pattern, sample or information furnished by

CERSAI (including the users), in connection therewith to any person other than a

person employed by the bidder in the performance of the proposal and/or contract.

Disclosure to any such employed person shall be made in confidence and shall

extend only as far as may be necessary for purposes of such performance. The

employees or the third party engaged by the bidder shall maintain strict

confidentiality.

The vendor, its employees and agents shall not, without prior written consent from

CERSAI, make any use of any document or information given by CERSAI or its

Authorized personnel, except for purposes of performing the contract award. In case

of breach, CERSAI shall take such legal action as it may be advised. The Vendor has

to maintain confidentiality even after completion/ termination of the contract.

9.8 Governing Law and Disputes

The Bid and subsequent Contract with the empanelled bidder shall be governed in

accordance with the Laws of India and shall be subject to the exclusive jurisdiction of

Courts in New Delhi.

9.9 Limitation on Promotion

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The vendor shall agree to make no reference of CERSAI for the procurement of

products and services hereunder or the agreement in any literature, promotional

material, brochures, sales presentation or the like without express prior written

consent of CERSAI.

9.10 Authorized Signatory

The empanelled bidder shall indicate the authorized signatories who can discuss and

correspond with CERSAI, with regard to the obligations under the contract.

The empanelled bidder shall submit at the time of signing the contract, a certified

copy of the extract of the resolution of their Board, authenticated by Company

Secretary, authorizing an official or officials of the company or a Power of Attorney

copy to discuss, sign agreements/contracts with CERSAI. The bidder shall furnish

proof of signature identification for above purposes as required by CERSAI.

9.11 Assignment

Neither the contract nor any rights granted under the contract shall be sold, leased,

assigned, or otherwise transferred, in whole or in part, by the vendor, and any such

attempted sale, lease, assignment or otherwise transfer shall be void and of no effect

without the advance written consent of CERSAI.

If the vendor undergoes a merger, amalgamation, takeover, consolidation,

reconstruction, change of ownership, etc. the service level agreement executed with

the vendor after award of purchase order shall be considered to be assigned to the

new entity and such an act shall not affect the rights of CERSAI under the executed

service level agreement.

9.12 Audit

CERSAI reserves the right to conduct an audit/ ongoing audit of the services

provided by the Vendor.

CERSAI would undertake to carry out security audit, vulnerability assessment,

usability audit etc. by in - house team, third party independent auditors or reputed

management consultants at specified intervals with prior information to the

successful bidder. The bidder to provide unconditional and complete support to carry

out the audit and arrange for rectification/updation of the findings as part of the

audit at no cost to CERSAI.

The external and internal auditors of CERSAI will be given right to review internal

controls of the Vendor. Any weaknesses highlighted during the audit must be

promptly rectified especially where such weaknesses may affect the integrity/internal

controls of the system and/or solution offered to CERSAI.

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