1.Contract Period (Duration)
- Duration: 3
Years + 1 Day
- Post-audit
support: 36 months
2.Scope of Work
Type: Statutory Audit of Financial
Statements
Key activities:
Core Audit
Tasks
- Review
of financial statements
- Statutory
audit of accounts
- Preparation
of audit report
- Investigation
of fraud (if required)
3.
Reporting & Support
- Progress
report required
- MIS
reporting required
- Post-audit
support for 36 months
Indicates ongoing
interaction even after audit completion.
4.Eligibility
Experience Requirement
- Minimum
7 years’ experience in similar services
- Prior
audit experience with Govt/PSU organizations expected
- Similar
services experience: Mandatory
Relaxations
- MSME:
No relaxation
- Startup:
No relaxation
New or small firms
unlikely to qualify.
5. Past
Project Requirement
Must have completed similar work:
- 3
projects ≥ 40% of estimated cost OR
- 2
projects ≥ 50% OR
- 1
project ≥ 80%
Documents Required
- Experience
proof
- Turnover
proof
- Certificates
requested in ATC
6.Financial
& Evaluation Details
EMD &
Security
- EMD:
Not required
- Performance
Bank Guarantee: Not required
Evaluation
Method
- Single-packet
bid (technical + financial together)
- Selection:
Total value wise (L1 — lowest price wins)
- Reverse
auction: Not enabled
7. Other Important Conditions
- Buyer
can increase/decrease contract scope or duration by ±25%
- Project
/ lump-sum contract
- Compliance
with labour laws mandatory
- Restrictions
on bidders from countries sharing land borders with India