PSB Alliance Limited Inviting For Cost Audit
Nature of Work:
Conduct Cost Audit of technical service providers to verify cost structures,
operational expenses, infrastructure costs, resource costs, API costs, SLA
compliance, audit documentation, cost optimization opportunities, and reporting
accuracy. Includes review of performance metrics, penalties, DR/backup
processes, and governance mechanisms.
Eligibility Criteria:
- Bidder must be Government Organization/PSU/Public Limited
Company/Private Limited Company/Partnership/LLP registered in India
- Minimum 5 years existence in India
- Positive net worth in FY 2022–23, FY 2023–24, FY 2024–25
- Minimum turnover of ₹50 Crores in each of the last 3 financial
years
- Valid GST registration and PAN
- Should not be blacklisted by Government/Bank/PSU
- Minimum 2 completed Cost Audit/Third-Party Compliance Audit
projects during FY 2024–25 and FY 2025–26
- CA/CMA qualified partners/directors and minimum two
CISA/DISA/CISM/ISA/CERT-IN certified resources
- No litigation affecting solvency and no criminal convictions of
directors.
Firm Requirement:
- Experience in IT/technology cost audits
- Qualified audit professionals and technical experts
- Capability in audit tools and data analytics software
- Strong client references and previous project experience
- Defined methodology and resource deployment model
- Ability to provide audit reports, dashboards, findings, and
recommendations.
Advance Requirement:
- No advance payment provision mentioned in the RFP
- Payment is linked to completion and acceptance of services
- Invoices to be raised monthly.
Location Requirement:
- Bidder must have office presence in Mumbai
- Actual work execution will be conducted at Ahmedabad, Gujarat.
Contract Details:
- Contract duration: 3 years
- Subject to annual performance review
- Contract signing within 15 days of bidder selection
- Project kickoff within 7 days of contract signing
- Audit planning and resource mobilization within 15 days
- One-time cost audit for 01.04.2025–31.03.2026
- Monthly Cost Audit from April 2026 onwards.
Financial Details:
- Tender Application Fee: ₹10,000 (Non-refundable)
- Earnest Money Deposit (EMD): ₹1,00,000
- Performance Bank Guarantee (PBG): ₹2,00,000
- Payment release within 30 days of submission of correct invoice
- Prices should include all expenses except GST
- Delay penalty: 0.5% per week (maximum 10%)
- SLA penalties applicable as per contract terms.