Tea Board inviting for financial audit services - review of financial statements, financial reporting framework, audit report

Tea Board inviting for financial audit services - review of financial statements, financial reporting framework, audit report, appointment of chartered accountant firm cost and management accountant firm to undertake internal audit of tea board guwahati, siliguri, coonoo..

 1. Contract Basic

Contract period: 1 year

Estimated value: ₹10,00,000 (for eligibility reference only)

Type: Two-packet bid (Technical + Financial)

Evaluation method: QCBS (Quality & Cost Based Selection)

2. Evaluation Method (Very Important)

Technical weightage: 70%

Financial weightage: 30%

Minimum technical score to qualify: 60 marks

Interview & presentation required

 3.Who is eligible?

Your firm must have:

Average annual turnover: ₹30 lakh (last 3 financial years)

Experience: Minimum 3 years in similar services

Past work:

Either 3 similar works (≥40% value each), or

2 similar works (≥50%), or

1 similar work (≥80%)

 No relaxation for MSME or Startups on turnover/experience.

4.EMD & Security

EMD: ₹50,000

Performance security: 5% of contract value

ePBG duration: 14 months

Bank: State Bank of India

EMD exemption allowed only as per GeM rules with proof.

 5.Scope of Work (What you’ll actually do)

Internal audit

Review of financial statements

Compliance with laws & regulations

Internal controls & systems review

Monthly MIS reporting

Work strictly as per attached SOW document

6. Documents You Must Upload

Experience proof

Turnover certificate / audited balance sheets

CA/CMA certificates

Price breakup (mandatory)

7.Special Conditions to Note

Buyer can increase/decrease scope up to 25%

No brand-specific or restrictive clauses allowed

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