Syama Prasad Mookerjee Port Inviting firms of chartered accountants for internal audit

Syama Prasad Mookerjee Port Inviting firms of chartered accountants for internal audit

1. Nature of Work

Internal Audit of Finance Department for a period of 3 years.

Coverage includes:

• Revenue audit (port, marine, cargo, containers)
• Estate revenue audit
• Vendor payments audit
• Payroll pre-audit
• TDS/statutory compliance
• Fixed assets/income audit
• Financial controls and compliance review
• Quarterly audit reporting

In practical terms:
This is an operational + compliance internal audit assignment, not statutory audit.

2. Eligibility Criteria

Bidder must be:

Chartered Accountant firm OR Cost Accountant firm OR LLP registered in India
 Empanelled with CAG or RBI
 Minimum 7 years experience (as on 31.03.2025)
Minimum 4 qualified CAs/CMAs (partners/payroll)
 Average turnover ≥ ₹50 lakh (last 3 FYs)
 Positive net worth in last 3 FYs
 Must not be blacklisted/debarred

3. Firm Requirements

The firm must submit:

• Registration certificate
• PAN
• GST
• Trade license
• Professional tax
• Partnership deed
• Audited financials (3 years)
• Team details
• Appointment letters/completion certificates
• Power of Attorney
• ECS form
• Declarations & undertakings

4. Experience Requirements

Must have completed one of these:

Option A

1 assignment
Minimum fee: ₹40 lakh/year

OR

Option B

2 assignments
Minimum fee: ₹25 lakh/year each

OR

Option C

3 assignments
Minimum fee: ₹20 lakh/year each

Conditions:

• Internal/statutory audit
• Client must be:
• PSU
• Port
• Listed company
• Client turnover must be ₹500 crore+

5. Advanced Requirements

Deployment requirement:

Partner

• 1 partner
• Visit Kolkata + Haldia minimum once per month
• Minimum 5 years PQE

Qualified CA/CMA

• 1 at Kolkata
• 1 at Haldia
• Minimum 10 working days/month
• Minimum 3 years PQE

Semi-qualified assistants

• 5 at Kolkata
• 5 at Haldia
• Full-time on working days
• Minimum 1 year experience after intermediate qualification

This is manpower-heavy.

6. Location Requirement

Firm should be based in:

Kolkata or Haldia
(or have branches there)

Reason:
Regular on-site audit presence is mandatory.

7. Contract Details

Duration: 3 years

• FY 2026–27
• FY 2027–28
• FY 2028–29

Start:
Within 1 month from award.

Reporting:
Quarterly

Delay penalty:
0.5% per week
Max 10%

8. Financial Details

Estimated Tender Value

₹1.50 crore (3 years)

Approx annual value:
₹50 lakh/year

EMD

₹3,00,000

Tender Fee

₹1,770

Performance Security

3% of total contract value