Madhya Pradesh Purva Kshetra Vidyut Vitaran Company Limited Inviting ca/icwa firm for the revenue audit and system and expenditure audit of ho of the company

Madhya Pradesh Purva Kshetra Vidyut Vitaran Company Limited  Inviting ca/icwa firm for the revenue audit and system and expenditure audit of ho of the company

1. Nature of Work

• Outsourcing of CA / ICWA firm
• Work includes:
• HT Revenue Audit
• System Audit
• Expenditure Audit
• Scope:
• Corporate Office departments
• Internal audit, control evaluation, compliance review
• Objective:
• Strengthening internal control systems
• Ensuring compliance with Companies Act & audit standards

2. Eligibility Criteria

Basic Eligibility

• CA / ICWA firm registered with:
• ICAI / ICWAI
• CAG empanelment required

Firm Requirements

• Minimum 10 years existence
• Minimum 5 partners
• At least 3 FCA/FCMA partners
• Average turnover:
• ₹50 lakh (last 3 years)

Consortium Rules

• Max 2 firms allowed
• One firm = Consortium Leader
• One firm cannot join multiple consortiums

Experience

• Preference:
• Experience in Electricity Distribution Companies
• Disqualification:
• Pending previous audit work of MPPKVVCL

3. Firm Details Required

• Background details (Schedule-II)
• CA Certificate (Financial eligibility)
• Undertaking (Schedule-IV)
• Partnership deed
• Experience documents
• Turnover proof
• Consortium agreement (if applicable)

4. Advance Requirement (Pre-Bid / Entry Conditions)

Earnest Money Deposit (EMD)

• 1% of tender value
• Min: ₹1,000 | Max: ₹1 lakh
• Mode: Online only
• Exemption: MSEs (MP registered)

Tender Fee

• ₹590 (Corporate Office audit)

Other Requirements

• Class III Digital Signature
• Online submission on MP Tenders portal

5. Location Requirement

• Primary Location: Jabalpur (Head Office)
• Audit Coverage:
• Corporate Office departments including:
• HR, Finance, Commercial, IT, Works, Stores, etc.

Deployment Requirement

• Minimum:
• 1 Audit Officer (CA/ICWA)
• 2 Audit Assistants
• Mandatory:
• 2 staff at CFO office for 4 months

6. Contract Details

Contract Period

• FY 2025–26
• Extendable at company discretion

Start Timeline

• Within 7 days of LOA

Completion Timeline

• Within 4 months of order

Performance Security

• 3% of contract value
• Valid for 24 months

Penalty

• 1% per week delay (max 10%)

Termination

• For:
• Delay
• Poor performance
• Non-compliance

7. Financial Details

Estimated Value

• ₹1.58 lakh (Corporate Office audit)

Payment Terms

• 100% payment
• Within 45 days after:
• Audit completion
• Report submission
• Audit committee presentation