Indian Institute Of Management, Ranchi,
Jharkhand
Request for Proposal (RFP) for Engaging
Statutory Auditor for the FY 2025-26
Tender at a Glance
|
Particular |
Details |
|
Organisation |
Indian Institute of
Management (IIM) Ranchi |
|
Ministry |
Ministry of
Education, Government of India |
|
Tender
Title |
Engagement of Statutory
Auditor |
|
RFP
No. |
IIM
Ranchi/RFP/Statutory Auditor/2025/47 |
|
RFP
Date |
30 December 2025 |
Nature of Work
The selected CA firm will act as the Statutory
Auditor of IIM Ranchi for FY 2025–26
Eligibility Criteria
Only CAG-empanelled CA firms based in Ranchi
are eligible.
✅ Mandatory Conditions
The firm must satisfy ALL
of the following:
1.
CAG Empanelment
o Empanelled with C&AG for FY 2024–25
o Firm
Station: Ranchi only
2.
ICAI Registration
o Registered with ICAI
under the CA Act, 1949
3.
Local Presence
o Must have a regular operational
office in Ranchi
o Outstation firms ❌ not allowed
4.
Turnover Requirement
o Minimum ₹20 lakh average annual
turnover
o From related services during last 3
financial years (up to FY 2023–24)
5.
Partner Strength
o Minimum 2 full-time CA partners
6.
Relevant Experience
o At least 2 Statutory / Internal
Audits completed in the last 5 years
o Experience must be with:
§ Central / State Govt Departments/ Universities
/PSUs / Banks /Autonomous bodies /Institutions of National Importance (IIMs,
IITs, NITs, Central Universities, etc.)
7.
Clean Record
o Firm must not be blacklisted
o No partner guilty of professional
misconduct
o Auditor must be independent
of IIM Ranchi
Fees (Audit Remuneration)
·
Minimum Audit Fee (Floor Price):
₹55,000
per year + applicable GST
·
Selection
Method:
👉 L1 (Least
Cost System) — lowest quoted annual fee wins
(subject to meeting technical eligibility)
Contract Period
·
Initial Appointment:
1
Financial Year – FY 2025–26
(Audit period: 01 April 2025 to 31 March 2026)
·
Extension Clause:
o Can be extended for up to 2 additional financial years