Chennai Metro Rail Limited inviting for financial audit services - review of financial statements, financial reporting framework, audit report; audit firm, ca firm, cag empaneled audit or ca firm

1.Contract Period (Duration)

• Duration: 2 Years
• Post-audit support: 12 months

2.Scope of Work

Core Audit Work

• Review of financial statements
• Review of financial reporting framework
• Preparation of audit reports
• Internal audit of financial systems

3. Control & Compliance Audit

• Internal financial control assessment
• Compliance with laws & regulations
• Audit of bank transactions
• Internal Control over Financial Reporting (ICFR)

4.Reporting Requirements

• Progress report: Quarterly
• MIS reporting: Required
• MIS frequency: Monthly
• Post-audit support: Yes

 This is a continuous internal audit engagement, not a one-time audit.

5. Eligibility

Eligible Firms

• Audit Firm / CA Firm / CAG-empanelled firm

 Relaxation Policy

• MSME relaxation: Not allowed
• Startup relaxation: Not allowed

6. Experience & Documents

• Relevant audit experience required
• Turnover proof required
• Certificates requested in ATC
• Additional documents (multiple)

7. Technical Qualification (QCBS System)

Minimum technical score required:

• 75 out of 100 marks

Evaluation based mainly on:

• Experience
• Turnover
• Methodology (as per uploaded document)

8. Evaluation Method — QCBS

Quality & Cost Based Selection

• Technical weight: 60%
• Financial weight: 40%
• Only technically qualified bidders considered

Not purely lowest price — quality matters significantly.