Finance Department Invite auditor or ca firm reputed chartered accountant firms for statutory audit of urban local bodies (ulbs) and panchayati raj institutions (pris) in the state of jharkhand

Finance Department  Invite auditor or ca firm reputed chartered accountant firms for statutory audit of urban local bodies (ulbs) and panchayati raj institutions (pris) in the state of jharkhand

1. Nature of Work

Work Type: Statutory Audit / Financial Audit

Scope:

• Audit of Urban Local Bodies (ULBs) and Panchayati Raj Institutions (PRIs) in Jharkhand
• Coverage of:
• Revenue audit
• Expenditure audit
• Bank reconciliation
• Grant utilization audit
• Scheme audit (PMAY, SBM, MGNREGS etc.)
• GST/TDS compliance
• Asset verification
• Internal control review

Audit Period: FY 2025–26 and FY 2026–27

2. Eligibility Criteria

Technical Eligibility

Firm must:

Be a Chartered Accountant firm registered with ICAI

Be operational for minimum 8 years

Be CAG empanelled for FY 2025-26

Have completed:

• At least 3 ULB audits OR
• 3 PRI audits OR
• 3 Government office audits

Have audited at least 5 government units

Not be blacklisted in the last 5 years

Have office/branch in Jharkhand

Joint Venture/Consortium not allowed

3. Firm Requirement

Minimum Team Strength:

• 3 Chartered Accountants
• 5 Article Assistants / Audit Assistants

4. Advance Requirement (Documents Required)

• ICAI registration certificate
• CAG empanelment proof
• Work orders / completion certificates
• Turnover proof (3 years audited balance sheet)
• CA certificate for turnover
• Staff details (CA + articles)
• Branch office proof in Jharkhand
• Affidavit (not blacklisted)
• CVs of key personnel

5. Location Requirement

Mandatory:
Firm must have a registered office/branch office in Jharkhand.

Work execution across:

• 50 Urban Local Bodies
• 4,641 Panchayati Raj Institutions

Total audit units: 4,691

6. Contract Details

Contract Period:
2 years

Bid Type:
Two Packet Bid (Technical + Financial)

Selection Method:
QCBS (Quality Cost Based Selection)

Weightage:

• Technical: 60%
• Financial: 40%

Technical qualifying marks:
Minimum 50/100

7. Financial Details

Tender Value

₹1,00,00,000 (Approx.)

Minimum Turnover Required

₹30 Lakhs average (last 3 years)

EMD (Earnest Money Deposit)

₹1,00,000

Important:
EMD exemption not allowed.