Delhi State Industrial And Infrastructure Development Corporation Limited inviting for financial audit services - audit report, financial reporting framework, review of financial statements

Delhi State Industrial And Infrastructure Development Corporation Limited inviting for financial audit services - audit report, financial reporting framework, review of financial statements

1) NATURE OF WORK

The assignment is for Internal Audit Services for FY 2026–27 on a quarterly basis for DSIIDC operations. Major work includes:

• Quarterly internal audit of accounts and operations
• Pre-audit of transactions referred by management
• Examination of:
• Financial expenditure and approvals
• GST, Income Tax, PF, Gratuity, Pension compliance
• HR/payroll/service records
• Purchase and tender procedures
• Bank reconciliation
• Cash management systems
• Outstanding liabilities
• Profit & Loss accounts
• Physical verification of work and tender verification
• Submission of audit reports with recommendations/remedial actions

Minimum manpower requirement per quarter:

Total = 61 man-days per quarter.

2) ELIGIBILITY CRITERIA

Mandatory conditions:

1. Firm must be:
• Chartered Accountant (CA) firm OR
• Cost Accountant firm
2. Must have:
• At least one office in Delhi
3. Technical scoring requirements:

Technical score must exceed 60 for financial bid opening.

3) FIRM REQUIREMENT

Documents and qualifications required:

• Incorporation certificate
• Latest constitution certificate
• Audited financial statements
• Appointment letters from clients
• PAN
• GST registration
• ICAI registration
• Details of employees and partners
• Self-declaration:
• Not blacklisted/debarred
• Authorization letter if signatory is not a partner
• Original documents required for verification before award

Firm restrictions:

• No conflict of interest
• Cannot sub-contract
• Cannot be under liquidation/court receivership
• Must comply on a zero deviation basis

4) ADVANCE REQUIREMENT

No advance payment allowed.

Payment terms:

• Payment after submission and approval of quarterly audit reports
• Subject to statutory deductions
• Paid electronically only

5) LOCATION REQUIREMENT

Mandatory location requirement:

• Firm must have minimum one office in Delhi

Audit work spans DSIIDC offices:

• Headquarters – Connaught Place
• Patparganj
• Lajpat Nagar
• Wazirpur Industrial Area
• Delhi Emporium

Total: 5 locations

6) CONTRACT DETAILS

Contract period:

• Initial term: FY 2026–27
• Can be extended by up to 2 additional years based on performance and approval

Important dates:

• Tender published: 20 May 2026
• Bid submission deadline: 03 June 2026, 3:00 PM
• Technical bid opening: 03 June 2026, 3:30 PM
• Bid validity: 15 days

Audit completion requirement:

• Audit to be completed within 40 days after every quarter

7) FINANCIAL DETAILS

EMD (Earnest Money Deposit):

• ₹18,500

Bank details:

• Bank: Bank of India
• Branch: Connaught Place, New Delhi
• IFSC: BKID0006003
• Account No.: 600320110000765

Financial bid:

• Quote annual audit fee
• Fee must include:
• Travel
• Documentation
• Communication
• All out-of-pocket expenses
• GST extra as applicable

Selection method:

• QCBS (Quality & Cost Based Selection)

Weightage:

• Technical = 40%
• Financial = 60%