Kamarajar Port Limited Financial Audit Services-
Internal Audit, Audit Firm
Nature of Work
Appointment
of an Audit Firm for conducting Internal Audit at Kamarajar Port Limited
(KPL) for FY 2026–27 and 2027–28. The work includes:
- Monthly audit of revenue
streams (100% transaction verification)
- Quarterly audit of finance,
taxation, payroll, contracts, CAPEX, compliance, etc.
- Yearly audit of Internal
Financial Controls (IFC), fixed assets, financial statements, liabilities,
and debt management
- Submission of:
- 24 Monthly Reports
- 8 Quarterly Reports
- 2 IFC Testing Reports
Eligibility Criteria
The firm
must satisfy:
- Partnership audit firm with minimum
5 partners
- Registered with ICAI/ICMA
and operational for minimum 10 years as on 31.03.2026
- Currently empaneled with C&AG
- Principal place of
business/Head Office in Chennai
- Should not be
blacklisted/debarred
- Should not have association
with BOT operators
- Average annual turnover
during last 3 years ≥ ₹75 lakhs
- Should not have acted as
KPL’s Statutory Auditor/Tax Advisor/Internal Auditor/Special Auditor
during FY 2023–24 to FY 2025–26
- PAN and GST registration
required
Firm Requirement
Audit
team deployment requirement:
- One fully qualified
CA/CMA
- Two qualified audit
assistants
- Team should have skills in:
- SAP
- Advanced Excel
- Contract management
- PPP/BOT projects
- Local office in Chennai and
single point of contact required
Advance Requirement
No
advance payment provision is specified.
Payments
are made quarterly after submission of:
- Three monthly reports of the
quarter
- Comprehensive quarterly
internal audit report
- Supplementary statutory
report
Location Requirement
- Principal place of
business/Head Office: Chennai
- Selected bidder must
maintain a local office in Chennai
- Audit work location: Kamarajar
Port Limited, Chennai
Contract Details
- Contract duration: 2
years
- From 01.04.2026 to
31.03.2028
- Extension:
- Can be extended by 1
additional year at same proportionate terms upon mutual consent
- Termination:
- KPL can terminate with one
month's notice if performance is unsatisfactory
- Consortium or sub-audit
firms are not allowed
Financial Details
- Estimated value of
assignment:
- ₹25.40 lakhs (excluding
GST) for 2 years
- Tender fee: Nil
- EMD: Nil
- Security Deposit: Nil
- Quote should include:
- Travel
- Out-of-pocket expenses
- All charges except GST
- Bid validity: 120 days