1.Eligibility Requirements
Minimum Average Turnover (last 3 years): ₹7.58 Crore
Minimum Experience: 7 years in similar services
Similar Service Experience: Mandatory
No relaxation for MSME or Startups
This strongly favors established audit firms.
2.Past Performance Requirement
You must have completed similar projects:
Option 1: 3
projects ≥ 40% of estimated cost each
Option 2: 2 projects ≥ 50%
each
Option 3: 1 project ≥ 80%
Based on estimated
value (~₹1.90 Cr), that means approximately:
40% ≈ ₹76 lakh
50% ≈ ₹95 lakh
80% ≈ ₹1.52 crore
GeM-Bidding-8993486
3. Required Documents
You must upload:
Experience proof
Turnover proof (audited financials / CA certificate)
Similar contracts/orders
Certificates requested in ATC
Additional documents (4 items specified)
OEM authorization (if applicable)
GeM-Bidding-8993486
4. Bid Type & Evaluation
Bid Structure
Two-packet bid: Technical + Financial
Evaluation: Total value-wise
Reverse auction: Not enabled
Selection Method — QCBS
Quality & Cost Based Selection
Technical Score Weight: 70%
Financial Score Weight: 30%
Minimum Technical Qualifying Marks: 36
GeM-Bidding-8993486
5. Technical Evaluation Criteria
Your firm will be scored on:
Years since establishment
Branch network
Revenue
Number of professional staff
Experience with concurrent audit of:
RBI All-India
Financial Institutions / PSBs
PSU / Private
Banks
Digital CBS
environments
Risk-based
auditing systems
Presentation will be at NABARD Head Office, BKC Mumbai
6. Scope & Deployment
Consulting category: Concurrent Audit Services
Profile: Financial Services
Deployment: Onsite
Proof of Concept: Not required
7.Other Key Conditions
Minimum bids required to avoid auto-extension: 3
Auto-extension: 3 days (max once)
Contract quantity/duration may change ±25%
Compliance with labour laws mandatory
Restrictions apply to bidders from countries sharing land
borders with India