Department Of Industries And Commerce inviting for
financial audit services - review of financial statements, audit report; cag
empaneled audit or ca firm
1. NATURE OF WORK
The tender is for Financial Audit Services by a CAG
empanelled Audit/CA Firm involving:
- Review
of financial statements
- Statutory
audit
- Audit
reporting
- Compliance
verification with laws and regulations
- Bank
transaction review
- Audit
of:
- Cash
& bank balances
- Payables
- Receivables
- Purchase
& procurement transactions
- Monthly
progress reporting and MIS reporting support
2. ELIGIBILITY CRITERIA
The bidder must satisfy:
Experience requirement
- Minimum
5 years experience in similar services.
Past experience condition
Bidder must have completed either:
- 3
similar services ≥ 40% of estimated cost, OR
- 2
similar services ≥ 50% of estimated cost, OR
- 1
similar service ≥ 80% of estimated cost
Estimated value = ₹75,000
Hence:
- 40%
= ₹30,000
- 50%
= ₹37,500
- 80%
= ₹60,000
Technical qualification
- Total
marks: 100
- Minimum
qualifying marks: 50
3. FIRM REQUIREMENT
The firm should be:
- CAG
Empanelled Audit Firm or CA Firm
- Have
qualified professionals/partners as per ATC
- Firm
existence years as per ICAI certificate
- Qualified
staff with DISA/CISA where required
- Full-time
CAs and professional audit staff requirements as per Annexure/ATC
4. ADVANCE REQUIREMENT
No advance payment provision is mentioned.
Payment terms:
- Payment
within 45 days
- After:
- Service
Delivery Acceptance Certificate (SDAC)
- Online
bill submission
5. LOCATION REQUIREMENT
Client organization:
Craft Development Institute
Industry & Commerce Department
Jammu & Kashmir
Reporting officer:
Masrat Ahad
Baghi Ali Mardan Khan, Nowshera, Srinagar – 190011
6. CONTRACT DETAILS
- Contract
type: Two Packet Bid
- Contract
duration: 3 months
- Bid
validity: 45 days
- Technical
clarification period: 2 days
- Bid
opening date: 08-06-2026
- Bid
closing date: 08-06-2026 (11:00 AM)
7. FINANCIAL DETAILS
Estimated bid value:
₹75,000 (inclusive of taxes)
Other financial conditions:
- EMD:
Not required
- ePBG:
Not required
- Bid
splitting: Not applicable
- Evaluation:
Total value-wise (L1 / least cost based)
Minimum floor price:
- Buyer
has fixed a floor value of ₹75,000
- Bid
should be quoted above minimum floor price