Indian Institute Of Science Education And Research Financial Audit Services - Review of Financial Statements, Financial Reporting Framework, Audit Report; CA Firm, CAG Empaneled Audit or CA Firm

Indian Institute Of Science Education And Research Financial Audit Services Review of Financial Statements, Financial Reporting Framework, Audit Report; CA Firm, CAG Empaneled Audit or CA Firm 1. Nature and Scope of Work Financial Audit Services for the Institute Scope includes: Review of financial statements Review of financial reporting framework Preparation and submission of audit reports Engagement requires compliance with institutional and statutory audit standards 2. Contract Duration and Validity Contract Period: 3 Financial Years FY 2026–27 FY 2027–28 FY 2028–29 Bid Validity: 180 days from bid end date 3. Important Dates Bid End Date & Opening: 28 January 2026 Pre-Bid Meeting: 02 July 2026 at 3:00 PM Last Date for Seeking Clarifications: 07 July 2026 4. Payment and Commercial Terms Quarterly billing permitted: Each invoice equal to ¼ of annual audit fee Quoted price must: Be inclusive of travelling and related expenses Remain fixed for the entire 3-year contract period Statutory deductions: TDS as per Income-tax Act Tax treatment: Any change in GST or new tax during contract period to be borne by the Institute Performance Bank Guarantee (PBG): 5% of contract value 5. Penalty and Termination Provisions Strict adherence to Service Level Agreement (SLA) is mandatory Non-performance or breach of conditions may result in: Termination of contract Misconduct or misbehavior of deployed staff: Immediate replacement required No additional cost to the Institute 6. Eligibility Criteria (Mandatory) Firm must have minimum 3 consecutive years’ experience as Internal Auditor of: IITs / IIMs / IISERs / NITs / IIITs / Central Universities Experience must relate to institutions following: Accrual-based, double-entry accounting system Firm constitution requirements: Minimum 2 full-time partners At least 1 partner must be FCA Firm registration: Registered with ICAI for not less than 10 years as on 31 March 2025 Location requirement: Office at Tirupati or within 50 km radius Statutory registrations: Empanelment with Comptroller & Auditor General of India (C&AG) Valid GST registration Joint Venture: Permitted, subject to all partners signing the Integrity Pact 7. Documentation Requirements Experience certificates and relevant work orders Bidder turnover and financial credentials ICAI registration certificate C&AG empanelment letter GST registration certificate Signed Integrity Pact Technical Bid Proforma Mandatory annexures, including: Annexure I – Profile of Applicant Annexure II – Financial Bid Annexure IV – Bid Securing Declaration Annexure V – No Relationship Certificate Annexure VI – Clean Track Record / No Legal Action Declaration Annexure VII – Undertaking for PBG 8. Professional Assessment (Bid Decision Guidance) Suitable for firms that: Are well-established (10+ years) CA firms Are C&AG empanelled Have prior audit exposure to premier central institutions Maintain operational presence in or near Tirupati Not suitable for firms that: Lack central institution audit experience Are not C&AG empanelled Do not have regional proximity to Tirupati