ONGC Videsh Limited financial audit services - review of financial statements, financial reporting framework, audit report; audit firm, ca firm

1. Scope of Work • Service: Financial Audit Services • Details: Review of financial statements, financial reporting framework, audit report. • Type of Audit: Internal audit of various functions: o Sales, services & revenue o Purchase & procurement o Inventory & store management o HR & payroll o Operational & administrative functions o Fixed assets, depreciation, payables, receivables • Frequency of Reports: Monthly MIS and progress reports • Audit Firm Requirement: Chartered Accountant / CA Firm 2. Eligibility Criteria • Experience: Minimum 3 years in similar services with central/state government or PSU clients. • Past Performance Requirement: o 3 services ≥ 40% of estimated cost OR o 2 services ≥ 50% of estimated cost OR o 1 service ≥ 80% of estimated cost • MSE & Startup Relaxation: Not applicable • Number of full-time CA partners & staff: As per Bid Evaluation Criteria (BEC) • DISA/CISA qualified staff: Required for evaluation 3. Financial & Performance Security • EMD (Bid Security): ₹7,04,000 • ePBG (Performance Bank Guarantee): 3% of contract value for 39 months • Modes of Security: o NEFT/RTGS/e-BG/SFMS Bank Guarantee/Insurance Surety Bond o Must include beneficiary details of ONGC Videsh • EMD Exemption: Allowed for MSE/service providers only with supporting documents 4. Purchase Preference • MSE Preference: Yes, as per Public Procurement Policy 2012 • L1 + 15% Rule: If MSE bid falls within L1 + 15%, they can match L1 price and get 100% order quantity. 5. Bid Conditions & ATC (Additional Terms & Conditions) • Option Clause: Buyer can increase/decrease quantity or contract duration by 25% • Excess Settlement: Allowed for additional charges up to a specified percentage • Mandatory Documents: Company registration, GST, PAN, email, contact, MSE certificate (if applicable) • No Insolvency: Bidders must not be under insolvency resolution or bankruptcy • Integrity & Undertakings: o Non-withdrawal during bid validity o All documents submitted must be genuine o Compliance with GST for input credit o Adherence to ONGC Videsh policies including QHSE and Climate Change • Post-Tender Communication: Only respond to clarifications; unsolicited modifications lead to rejection • IP Address Matching: Bids with same IP as buyer or another bidder may be rejected