1.Contract Period (Duration)
Total Duration: 1 Year + 2 Days
Medium-term internal audit contract.
2. Estimated Value & Pricing
Estimated Bid Value: ₹4,00,000 (~₹4 lakh)
Floor Price: Not defined
Evaluation: Total value-wise (lowest acceptable price wins)
3.EMD & Performance Security
EMD
Not required
Performance Security (ePBG)
Required: YES
Amount: 3% of contract value
Validity: 12 months
Bank: State Bank of India
Beneficiary: Mines Inspector, Jhansi
You must arrange bank guarantee if awarded.
4.Eligibility Criteria
Experience Requirement
Minimum experience: 2 years in similar services
Past similar audit experience: Mandatory
5. Relaxation Available
MSME: Full relaxation (experience & turnover)
Startup (DPIIT): Full relaxation
New firms can participate if technically capable.
6.Past Project Requirement
Must have completed similar work in last 3 years:
3 projects ≥ 40% of estimated cost (~₹1.6 lakh each) OR
2 projects ≥ 50% (~₹2 lakh each) OR
1 project ≥ 80% (~₹3.2 lakh)
7.Documents Required
Upload:
Experience proof
Turnover proof
Certificates requested in ATC
Additional documents
OEM documents (as applicable)
8.Scope of Work (Detailed)
Core Assignment
Internal audit
Preparation of audit report
Audit of financial statements
Audit Area
DMF (District Mineral Foundation) related functions
Typically involves funds utilization audit.
9. Reporting Requirements
Progress reports: Weekly
MIS reporting required: Yes
MIS frequency: Weekly
Requires continuous monitoring, not one-time audit.
10. Bid Structure & Conditions
Single-packet bid (technical + financial together)
Reverse auction: Not enabled
Bid splitting: Not applied
MSME Purchase Preference
Preference allowed within L1 + 15% price band
Eligible MSE can receive full order if matching L1 price