Minimum Eligibility
- Turnover:
Minimum ₹20 lakh average annual turnover in last 3 years.
- Experience:
Minimum 5 years past experience in similar internal audit services for
Central/State Govt/PSUs.
- Documents
Required: Experience proof, turnover proof, Forms 1–6, authorization, ATC
documents, audited financials, GST/PAN.
- Office
Requirement: Must have registered/HO/branch office in Kerala with address
proof (mandatory for full technical marks).
- Partners:
FCA/FCMA/ACA/ACMA partners get weightage in technical scoring.
- Staff:
Semi-qualified assistants add marks.
2. Technical Qualification (QCBS system)
- Minimum
Technical Score: 60/100 required for qualification.
- Technical:
Financial Weightage = 70:30.
- Financial
bid opens only if technical score ≥ 60.
3. EMD & Security
- EMD:
₹25,000 (MSE exemption not applicable for traders).
- Performance
BG: 5% for 14 months.
4. Contract Period
- One
year, extendable for one additional year based on performance.
- Client
may terminate with 1-month notice.
5. Other Conditions
- Bid
validity: 60 days.
- Type
of bid: Two-packet (Technical + Financial).
- QCBS
selection model; lowest financial quote gets score 100.