Oriental Insurance Company Limited Request For Proposal For Selection Of Ca Audit Firm For Conducting Concurrent Audit Of Investment Operations For Financial Year 2026-27.

Oriental Insurance Company Limited

Request For Proposal For Selection Of Ca Audit Firm For Conducting Concurrent Audit Of Investment Operations For Financial Year 2026-27.

Tender / Bid Snapshot
Bid Identification

·         Bid Number: GEM/2026/B/7117513

·         Bid Date: 16-01-2026

Buyer Details

·         Buyer Organization: Oriental Insurance Company Ltd

·         Ministry: Ministry of Finance

·         Department: Department of Financial Services

·         Office: Corporate Office, New Delhi

·         Platform: Government e Marketplace (GeM)

Important Dates

·         Bid End Date & Time: 05-02-2026, 16:00 hrs

·         Bid Opening Date & Time: 05-02-2026, 16:30 hrs

·         Bid Validity: 180 days from bid end date

📄 Nature of Work

·         Category: Custom Bid for Services

·         Similar Category: Financial Audit Services

·         Contract Period: 1 Year

·         Procurement Type: Lumpsum / Project-based (Quantity = 1)

📌 This is a service contract, not supply of goods.

Experience & Eligibility

🔹 Experience Requirement

·         Minimum Experience: 4 years

·         Past Similar Work: Mandatory

·         Must be with Central / State Govt / PSU

🔹 Past Work Value Criteria (Any ONE)

·         3 works ≥ 40% of estimated value

·         OR 2 works ≥ 50% of estimated value

·         OR 1 work ≥ 80% of estimated value

📌 Experience proof must be uploaded with contracts / work orders.

Documents Required from Bidder

·         Experience certificates

·         Certificate as requested in ATC

·         Additional Documents 1 to 4 (as specified in bid)

·         Undertaking from Competent Authority (mandatory for custom bid)

Bid Structure

·         Bid Type: Two-Packet Bid

o    Packet 1: Technical + Eligibility

o    Packet 2: Financial Bid

·         Technical Clarification Time Allowed: 2 Days

·         Auto Extension:

o    Triggered if less than 2 bids

o    Extension: 3 days

o    Max extensions: 2 times

MSME / MSE Benefits

·         MSE Purchase Preference: ✅ Yes

·         Price Preference: Up to L1 + 15%

·         Relaxation in Experience / Turnover: ❌ Not allowed

·         Condition:

o    If MSE quotes within L1+15%, 100% order can be awarded at L1 price

 
Legal & Compliance

·         Arbitration Clause: ❌ No

·         Mediation Clause: ❌ No

·         Labour Law Compliance: Mandatory

o    All 4 Labour Codes + existing labour laws

·         Border Country Restriction:

o    Bidders from countries sharing land border with India must be registered with competent authority