1. Eligibility Criteria (Who Can Apply)
You must satisfy ALL conditions below:
Firm Requirements
- Must be a CA or CMA firm registered with ICAI
- Must be CAG-empanelled
- Must have GST & PAN registration
- Must NOT be blacklisted by any government agency
Financial
Capacity
- Average annual turnover ≥ ₹75 lakh
- Based on recent financial years (2022–23 to 2024–25)
- Audited financial statements required
2.Experience
Requirements
Must have:
At least 5
years of similar work experience
Completed large government audit
projects:
Any one of:
- 1 project ≥ ₹2 crore
- OR 2 projects ≥ ₹1.25 crore each
- OR 3 projects ≥ ₹1 crore each
Experience
in:
- At least 1 GST compliance project
- At least 2 Internal Audit projects
Similar work includes audits for:
- Government departments
- PSUs
- Autonomous bodies
- Religious/endowment boards
- Public-fund projects
3.Scope of
Work (What You Will Do)
This is a comprehensive internal audit
assignment for major festival projects across Telangana.
A)
Procurement / Tender Audit
- Tender procedures followed rules
- Advertisements & timelines were proper
- Technical evaluation was fair
- Financial evaluation was correct
- Pre-bid queries handled properly
- Selection process documented
- Letter of Award issued correctly
B) Contract & Onboarding Audit
Verify:
- Contract signing procedures
- Performance guarantees
- Work commencement approvals
- Advance payments & documentation
C) Project Execution Audit
Audit ongoing projects:
- Progress reports
- Deliverables vs milestones
- Payment releases
- Variations / extra items
- Third-party certifications
D) Completion Audit
Confirm:
- Final payments
- Completion certificates
- Defect rectification
- Contract compliance
Around 100+ projects/RFPs will be audited.
4. Contract
Period
3 Years
5. Fees,
Deposits & Financial Terms
Bid Participation Costs
- Bid Processing Fee: ₹10,000 (non-refundable)
- EMD: ₹2,50,000 (refundable)
Performance Guarantee
- 5% of contract value
- Valid 180 days after completion
Payment
Schedule
Paid quarterly based on milestones:
|
Stage
|
Payment
|
|
Procurement audit completed
|
20%
|
|
Contract & initial implementation
|
40%
|
|
Final project completion audit
|
40%
|
Payments
include ALL expenses:
- Travel
- Staff costs
- Equipment
- Software
- Accommodation
- Admin expenses
GST paid separately as applicable.
6. Selection
Method
Step 1 —
Technical Evaluation
Score based on:
- Partners
- Staff strength
- Government audit experience
- Turnover
- Presentation quality
Minimum 70/100 required
Step 2 —
Financial Evaluation
- Only qualified bidders considered
- Lowest price (L1) wins
- Lump-sum rate per project to be quoted
Important
Pricing Rule
- Financial bid must NOT be below ₹20,000 per project
7.Required Team
Minimum:
Audit Manager
- Chartered Accountant
- ≥ 10 years experience (government audit)
Auditors
- Chartered Accountants
- ≥ 2 years experience