Corrigendum Uttarakhand Rural Roads Development Agency, inviting for Chartered Accountant Firm for Conducting Statutory Audit of PMGSY Programme

1. Nature of Work

• Conduct Statutory Audit of PMGSY (Pradhan Mantri Gram Sadak Yojana) Programme.
• Audit of URRDA and all Program Implementation Units (PIUs) across Uttarakhand.
• Examination of financial statements, fund utilization, procurement records, inventory records, and compliance with PMGSY guidelines.
• Submission of Audit Report and Management Letter.

2. Scope of Work

The selected CA Firm shall:

• Conduct statutory audit of PMGSY project accounts for FY 2025-26.
• Audit all URRDA offices and 56 PIUs located across Uttarakhand.
• Verify utilization of funds received from Government of India and State Government.
• Review compliance with PMGSY Operational Manual, Financial Management Manual, and Accounting Guidelines.
• Verify procurement records, inventory management, and supporting documents.
• Conduct field visits to PIUs.
• Prepare:
• Audit Report
• Balance Sheet Verification
• Sources & Uses of Funds Statement
• Management Letter
• Submit audited reports in both hard and soft copies.

3. Eligibility Criteria

The bidder must:

• Be a Chartered Accountant Firm.
• Have minimum average annual turnover of ₹12 Lakhs during the last 3 financial years.
• Have minimum 7 years' experience in similar audit services.
• Have experience of providing similar services to Central Government/State Government/PSUs.
• Submit audited balance sheets or CA-certified turnover certificates.
• Upload relevant work orders/contracts as proof of experience.

4. Similar Work Requirement

The bidder must have successfully completed:

• Three similar services costing at least 40% of estimated cost; OR
• Two similar services costing at least 50% of estimated cost; OR
• One similar service costing at least 80% of estimated cost.

Additionally:

• Minimum 3 audit assignments related to Central Sponsored Schemes during the last 5 financial years.
• Audit fee for each such assignment should be more than ₹2.5 Lakhs.
• Preference will be given to firms having PMGSY audit experience.

7. Minimum Qualifying Marks

• Total Technical Marks: 100
• Minimum Qualifying Marks: 60 Marks
• Only technically qualified bidders (60 marks or above) will be eligible for opening of Financial Bids.

5. Key Deliverables

The selected CA Firm shall submit:

1. Statutory Audit Report.
2. Audited Financial Statements.
3. Balance Sheet Verification.
4. Statement of Sources and Uses of Funds.
5. Management Letter containing:
• Internal control observations.
• System deficiencies.
• Recommendations for improvement.
• Compliance observations.
6. Soft Copy and Hard Copy of Audit Reports.
7. Monthly Progress Reports.
8. MIS Reports as required by URRDA.

6. Special Conditions

• Contract period: 1 Year (extendable based on performance).
• Audit must be completed before 31 August 2026.
• Delay beyond permitted period may attract penalty @ 2% of remuneration per delayed week subject to maximum 5%.
• Payment Schedule:
• 70% on completion of audit of all units.
• 20% on submission of final audit report.
• 10% after acceptance of audit report by URRDA.
• Buyer may increase/decrease contract quantity or duration by up to 25%.
• Financial evaluation shall be based on Least Cost Selection (LCS).
• Bid Type: Two-Bid System (Technical + Financial).
• No EMD and No ePBG required.
• Compliance with all applicable labour laws and GeM conditions is mandatory.
• Audit reports must be generated as per ICAI standards and PMGSY guidelines.