Uttar
Pradesh Co.operative Federation Limited inviting for financial audit services -
as per rfp; cag empaneled audit or ca firm
1. What this
tender is about
Hiring a Chartered
Accountant firm to provide:
Internal Audit services
for:
Main focus:
Risk management
Financial compliance
Detection of irregularities
Advisory & monitoring
2.Contract
Period
Typically for one
financial year (e.g., FY 2026–27)
May be extended up to three years total
depending on performance
3.
Eligibility (Who Can Apply)
Only Chartered
Accountant firms meeting minimum criteria:
Registered with ICAI
Peer Review Certificate required
CAG-empanelled CA firm
At least 7 years old firm
Minimum 3 FCA partners (≥10 years
experience)
At least one partner with DISA/ISA
qualification
Office in Uttar Pradesh
Experience in internal audit of
Govt/PSU/autonomous bodies
Financial Capacity
Minimum turnover (last 3
years):
Team Requirement
Qualified audit staff
capable of handling large-scale audits
4. Earnest
Money Deposit (EMD)
No cash EMD required.
Bid Security Declaration
to be submitted in lieu of EMD
If bidder withdraws or
defaults → penalties / disqualification.
Audit Fees (Commercial
Terms)
Fee Structure
Quote price for full
scope (inclusive of taxes)
Fixed rates — no
escalation allowed
All expenses included (travel, boarding,
etc.)
Payment Terms
Payment made monthly
after satisfactory services
Bills submitted to Managing Director
TDS & GST deductions applicable
5. Scope of
Work (What you actually do)
Core Internal Audit
Functions
Audit financial records
& controls
Ensure compliance with rules & laws
Detect fraud, embezzlement, corruption
Review past irregularities & pending
issues
Verify statutory payments (GST, taxes,
etc.)
Review payroll & employee advances
Inspect sugar mills & societies
Review internal audit reports of field
units
Provide advisory to management
Conduct investigations when required
6.Minimum
Visit Requirements
Firm must deploy:
At least 1 Qualified CA
+ 1 Article Assistant
Must be present at Head
Office:
Minimum 5 days per week
Must be available
whenever required
7.Bid
Submission Process
Mode: Online via GeM
Portal
Technical Bid +
Financial Bid submitted online
Upload supporting documents
Submit Bid Security Declaration
Selection Method
Technical evaluation
first
Financial bid opened only for qualified
bidders
Final selection based on eligibility +
bid price