1.Work Details (What the job is)
Hiring a CA
Firm / CAG-Empanelled Audit Firm to perform:
Internal Financial Audit + Audit Reports
Full
organisational audit coverage
Duration: 2 Years
Payment: Project / Lump-sum basis
According to the technical specifications (page 4),
audit includes:
- Financial reporting reliability
- Internal controls
- Legal & regulatory compliance
- Corporate governance review
- Fraud investigation
- Risk management
- Treasury & bank operations
2.Financial Requirements
EMD (Bid
Security)
Performance
Security
3.Eligibility Criteria
Minimum
Turnover
- ₹40 Lakhs average per year (last 3 years)
Experience
Required
- Minimum 3 years in similar audit services
- Experience with Govt / PSU / public institutions preferred
Eligible
Bidders
- CAG-Empanelled Audit Firms
- Chartered Accountant Firms
MSME /
Startup Relaxation
MSME
Purchase Preference
- Yes (within L1 + 15% price
band)
4.Bid Process
- Type: Two-Packet Bid
- Technical Bid
- Financial Bid
- Evaluation: Total value basis
- Reverse Auction: Not enabled
- Price Breakup: Mandatory (Excel + PDF
upload)
- Technical Clarification Window: 2 days
5.Documents Required
You must submit:
- Experience proof (contracts / work orders)
- Turnover proof (audited financials or CA certificate)
- Certificates requested in ATC
- Price breakup format
- Details of partners, staff, qualifications, etc.
Incomplete
documents = bid rejection
6.Scope of Internal Audit (Key Areas)
The audit will cover organisational functions such
as:
- Revenue & sales
- Procurement & purchases
- Inventory & stores
- HR & payroll
- Fixed assets & depreciation
- Payables & receivables
- Cash & bank balances
- Compliance & governance
- Risk management
- Internal control systems
7.Important Conditions
Buyer may
increase/decrease contract by up to 25%
Excel financial bid format compulsory
Must comply with labour laws
Additional criteria defined in ATC
document
MSE firms get preference within price
band