Idbi Trusteeship Services Team Manager Interview Questions and Answers

Q1. Ask whats your strength
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Q1. What is the tender process?
Ans. 
The tender process is a formal process of inviting bids from potential suppliers to provide goods or services.
• The process starts with the organization issuing a request for tender (RFT) or request for proposal (RFP).

• Potential suppliers then submit their bids, which are evaluated based on criteria such as price, quality, and delivery time.

• The organization may then shortlist the bidders and invite them to make a presenta...read more
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Q2. What should be given to vendor to execute the work?
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The vendor should be given a clear scope of work, timeline, budget, and any necessary resources.
• Scope of work document

• Timeline with milestones

• Budget allocation

• Necessary resources such as equipment or software

• Communication plan
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Q3. What is the mobilization advance?
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Mobilization advance is an upfront payment made to a contractor to cover initial expenses.
• It is a payment made to a contractor before the start of a project

• It is meant to cover initial expenses such as equipment, materials, and labor

• The amount of mobilization advance is usually a percentage of the total contract value

• It is typically paid back to the client through deductions from future payments

• Example: A construction ...read more
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Q4. What is the process to recover Mobilization advance?
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The process to recover Mobilization advance
• Review the contract to determine the terms of the mobilization advance

• Ensure that the mobilization work has been completed as per the contract

• Submit a request for the recovery of the mobilization advance

• Provide supporting documentation to justify the request

• Negotiate with the client if there are any disputes or issues

• Receive the recovered mobilization advance
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Q5. What is the process to consider the extra items?
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The process to consider extra items involves identifying the need, evaluating the impact, obtaining approval, and incorporating into the project plan.
• Identify the need for the extra item

• Evaluate the impact on the project timeline, budget, and resources

• Obtain approval from stakeholders or change control board

• Incorporate the extra item into the project plan and adjust accordingly
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Q6. What is the process to consider the extension time of contract period?
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The process to consider extension time of contract period involves several steps.
• Review the terms and conditions of the contract

• Identify the reason for the extension request

• Assess the impact of the extension on project timeline and budget

• Negotiate new terms and conditions if necessary

• Obtain approval from all relevant stakeholders

• Amend the contract to reflect the extension

• Communicate the extension to all parties involve
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Q7. What is the full form of PMC?
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PMC stands for Project Management Consultancy.
• PMC refers to the services provided by a third-party consultant to manage a project on behalf of the client.

• PMC involves planning, organizing, and overseeing the project from start to finish.

• PMC ensures that the project is completed on time, within budget, and meets the client's requirements.

• PMC is commonly used in construction, infrastructure, and engineering projects.

• Exam...read more
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Q8. What is the mean by Arbitration?
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Arbitration is a legal process of resolving disputes between parties outside of court.
• Arbitration involves a neutral third party who listens to both sides and makes a decision.

• It is often used in business and commercial disputes.

• Arbitration can be binding or non-binding, depending on the agreement of the parties involved.

• It is typically faster and less expensive than going to court.

• Examples of organizations that offer ...read more
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Q9. Who can appoint the arbitrator?
Ans. 
The parties involved in a dispute can appoint an arbitrator.
• Arbitrator can be appointed by mutual agreement of the parties involved in a dispute.

• In some cases, the appointment of an arbitrator may be specified in a contract or agreement.

• If the parties cannot agree on an arbitrator, a court may appoint one.

• The arbitrator must be impartial and independent.

• The arbitrator's decision is binding and enforceable.
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Q1. Background, customer handling quality, working experiences and current market scenario and knowledge
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A problem on portfolio optimization was given.

Q1. What is p-value and A/B testing
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P-value is a statistical measure that helps determine the significance of results in hypothesis testing. A/B testing is a method of comparing two versions of a webpage or app to see which one performs better.
• P-value is the probability of obtaining a result as extreme or more extreme than the observed result, assuming the null hypothesis is true.

• A/B testing involves randomly dividing a sample into two groups and exposin...read more
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Q2. ARMA, ARIMA and stationarity in time series.
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ARMA and ARIMA are models used for time series analysis. Stationarity refers to the statistical properties of a time series remaining constant over time.
• ARMA stands for Autoregressive Moving Average model and is used to model stationary time series data.

• ARIMA stands for Autoregressive Integrated Moving Average model and is used to model non-stationary time series data.

• Stationarity is an important concept in time series...read more
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