1.Scope of Work
Type: Investment Risk Management System &
Process Audit (Insurance Sector)
Key tasks:
- Audit
of investment risk management systems
- Review
of internal controls over investments
- Evaluation
of risk management processes
- Assessment
of policies, procedures & compliance
- Review
of system & operational processes related to investments
- Prepare
audit findings and recommendations
Deliverables
- One
progress report
- One
MIS report
- Final
audit report
Essentially
a one-time specialized audit of the company’s investment risk framework.
2.Contract
Period
3. Eligibility
Experience
- Minimum
4 years’ experience in similar audit services
- Prior
work with Govt / PSU / similar organizations preferred
- Similar
project experience mandatory
Relaxations
- MSME:
No relaxation
- Startup:
No relaxation
Only
experienced firms qualify.
4.Past
Project Requirement
Must have completed similar work:
- 3
projects ≥ 40% of estimated costOR
- 2
projects ≥ 50% OR
- 1
project ≥ 80%
5. Required
Documents
- Experience
proof
- Certificates
requested in ATC
- Additional
documents (4 items)
- Price
breakup format
6.Financial
& Evaluation Details
Estimated
Value
EMD / Security
- EMD:
Not required
- Performance
guarantee: Not required
7.Evaluation
Method
- Two-packet
bid (Technical + Financial)
- Selection
method: LCS — Lowest Cost System (L1 wins)
- Reverse
auction: No
Technical
Qualification
- Minimum
technical marks required: 60
MSME
Preference
- Purchase
preference within L1 + 15% band