Marine Products Export Development Authority inviting for financial audit services - review of financial statements; ca firm
1.What
is the work
Service:
Financial Audit Services – Review of Financial Statements
Nature:
Internal audit / review of financial statements
Who
can bid: CA Firms only
Category:
Financial Audit Services
2. Contract period & Estimated value
2
years
Buyer
can increase/decrease duration or quantity up to 25%
₹4,00,000
(lumpsum/project based)
This is only indicative, not a
price cap.
3. Evaluation method
Two-Packet
Bid
Technical
Bid
Financial
Bid
Least
Cost Selection (LCS)
You must qualify technically (minimum 60
marks), then L1 wins
4. Eligibility conditions (important!)
Experience
Minimum
5 years of experience
Similar
services to Govt / PSU / statutory bodies
Proof:
work orders + completion certificates
Turnover
₹15
lakh average annual turnover (last 3 years)
Proof:
audited balance sheets / CA certificate
Similar work criteria (any ONE)
You
must have completed:
3
works ≥ 40% of estimated cost OR
2
works ≥ 50% of estimated cost OR
1 work ≥ 80% of estimated cost
5. Firm strength requirements
Firm
existence: 5 years+ (ICAI certificate)
Minimum
1 full-time partner
Minimum
1 CA / qualified professional
At
least 1 professional with DISA / CISA
Audit
staff on payroll
6. Big reliefs (VERY IMPORTANT)
MSE (Micro / Small Enterprise) → Full
relaxation in:
Experience
Turnover
DPIIT-registered Startups → Same relaxations
MSE Purchase Preference
If
MSE quotes within L1 + 15%, 100% work can be awarded at L1 price
7.Security
/ Guarantees
EMD:
Not required
Performance
Bank Guarantee (ePBG):
2.5%
of contract value
Valid
for 24 months
Bank:
SBI (advisory)
8. Mandatory condition
Your CA firm must have an office in the same
State as the consignee
(Documentary proof required)
9. Scope of work
Review
of financial statements
Coverage
includes:
Revenue
& sales
Purchases
& procurement
Inventory
HR
& payroll
Operational
& administrative functions
Reporting:
Yearly
MIS
reporting: Required
10. Documents to upload
Experience
proofs
Turnover
certificate / audited accounts
ICAI
firm certificate
MSE
/ Startup certificates (if claiming exemption)
Office
location proof
11. Other legal points
Arbitration
& mediation clauses: Not applicable
Labour
law compliance: Mandatory
Border-sharing
country restriction applies (standard GeM rule)
12. Who should seriously bid
CA firms with:
Govt
/ PSU audit experience
Kerala
/ same-state office
MSE
or Startup status (huge advantage)