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Open Petroleum and Natural Gas NPROCURE

Government Tender for Outsourcing of Accounting Services in Vadodara - 24-Month Contract

Bid Publish Date

22-Sep-2025, 1:30 pm

Bid End Date

13-Oct-2025, 8:30 am

EMD

₹40,560

Progress

Issue22-Sep-2025, 1:30 pm
AwardPending
Explore all 4 tabs to view complete tender details

Tender Type

Open

Sector

Petroleum and Natural Gas

Tender Fee

₹3,000

Contract Form

Service

Completion Period

24  Months

Currency Type

Single

Categories 6

Vadodara Gas Limited is inviting bids through a government tender for outsourcing accounting services for a period of 24 months. This opportunity is ideal for experienced financial service providers specializing in public sector accounting, statutory compliance, and financial reporting. The tender emphasizes transparency, competitive bidding, and adherence to government standards. Bidders must meet specific eligibility criteria, including experience, certifications, and financial stability. The process involves submitting detailed technical and financial proposals via an online portal before the deadline of 13th October 2025. The project aims to enhance financial management efficiency and ensure compliance with statutory requirements. With a budget estimated between INR 15 Lakhs and INR 25 Lakhs, this tender offers a significant opportunity for reputable firms to partner with Vadodara Gas Limited, a key player in the petroleum and natural gas sector. Interested bidders are encouraged to review the detailed tender documents, participate in vendor training sessions, and ensure timely submission of all required documents to secure this government contract.

Scope Of Work

The scope of work involves providing comprehensive outsourcing accounting services for Vadodara Gas Limited over a period of 24 months. Key deliverables include:

  • Maintaining accurate financial records and books of accounts.
  • Preparation of monthly, quarterly, and annual financial statements.
  • Ensuring compliance with statutory and regulatory requirements.
  • Managing payroll, taxation, and audit processes.
  • Providing timely financial reports and analysis.

The process involves:

  1. Submission of detailed technical and financial bids.
  2. Evaluation and shortlisting based on eligibility and technical criteria.
  3. Final selection through competitive bidding.
  4. Contract signing and commencement of services.

Bidder must ensure adherence to the specifications outlined in the tender documents, including submission of all required certificates and documents as specified in the eligibility criteria.

Technical Specifications Requirements
Service Duration 24 months
Scope Complete accounting outsourcing
Compliance Statutory and regulatory
Deliverables Financial reports, audits, payroll
Documentation LOA, PO, WO, Completion Certificates

Bidders should prepare their proposals accordingly, ensuring all technical and compliance aspects are addressed.

Technical Specifications

The technical specifications require bidders to demonstrate expertise in financial management, statutory compliance, and reporting standards. The service provider must:

  • Use secure and reliable accounting software compatible with government standards.
  • Ensure data confidentiality and security.
  • Provide real-time access to financial data.

Technical procedures include:

  • Installation and configuration of accounting systems.
  • Training of Vadodara Gas Limited staff.
  • Regular backups and data integrity checks.
Technical Parameters Specifications
Software Compatibility Must support GST, TDS, PF, ESI
Data Security ISO/IEC 27001 compliant
Backup Frequency Daily
Reporting Monthly, quarterly, annual

Bidder must submit detailed technical documentation and compliance certificates along with their proposals.

Financial Requirements

The estimated project budget ranges from INR 15 Lakhs to INR 25 Lakhs for the entire 24-month contract. The financial proposal must include:

Cost Component Estimated Cost
Service Fees INR 12 Lakhs - INR 20 Lakhs
Software & Licensing INR 1 Lakh
Miscellaneous Expenses INR 2 Lakhs

Payment terms are as follows:

  • 20% advance upon contract signing.
  • 40% after 12 months based on performance.
  • Remaining 40% after successful completion.

Bidders must submit a detailed financial proposal, including breakdowns and payment schedules, adhering to the tender guidelines.

Additional Tender Data

Commercial Details

Tender Category

Service

Bid To RA

No

Item Category

Manpower Supply

Authority & Contact

Officer Inviting Bids

C&P In-charge

Bid Opening Authority

C&P In-charge

Address

1st Floor Riddhi Tower, O. P. Road, Nr. Manisha Circle, Vadodara - 390015

Contact Details

[email protected]

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Documents 3

Bid Docs Outsourcing of Accounting Servicves S243.pdf

TENDER_DOCUMENT

GCC Service - VGL.pdf

TENDER_DOCUMENT

Replies_to_Bidders Queries_Accounting Servicves S243.pdf

TENDER_DOCUMENT

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Eligibility Criteria

✓ Must have valid registration and licenses for providing accounting and financial services.
✓ Must submit tender fee and EMD as specified.
✓ Must have a minimum of 3 years of experience in accounting outsourcing for government or large corporate clients.
✓ Should possess audited financial statements for the last 3 years.
✓ Must provide company registration documents including PAN, GST, MSME registration, EPFO, and ESI certificates.
✓ Must submit technical certifications and relevant project completion certificates.

Qualification Criteria Details
Experience Minimum 3 years in accounting outsourcing
Financial Turnover Minimum INR 50 Lakhs annually for last 3 years
Certifications PAN, GST, MSME, EPFO, ESIC
Past Projects At least 2 government or large corporate clients
Document Submission Complete set of mandatory documents as listed

Failure to meet these criteria will result in disqualification.

Bidding Process

Process Timeline

1. Preliminary Stage

13-10-2025 15:00

2. Commercial Stage

Required Forms

Preliminary

Tender Fee Form

Library-Standard

Required

Emd Fee Form

Library-Standard

Required

Commercial

Price Bid Form

Library-Secured

Required

Required Documents

Stage - Preliminary Stage

1

Tender Fee Copy - in form like Bank Drafts / Banker Cheque payable to VGL/Bank transfer

Required
2

EMD Copy - in any form like BG/ DD/ Banker’s Cheque/ Online Banking Transaction/ Letter of Credit

Required
3

Technical BEC Documents - LOA, PO, WO and Execution/ Completion Certificate etc.

Required
4

Financial BEC Documents - Audited Financial Statements and F 15, etc.

Required
5

Company Documents - PAN, GST, MSME, EPFO, ESIC, etc.

Required
6

Forms and Formats

Required
7

Entire Bid Documents along with GCC, Drawing, PTS, Replies to Bidders queries etc.

Required

Form - Tender Fee Form

1

Tender Fee Copy - in form like Bank Drafts / Banker Cheque payable to VGL/Bank transfer

Required

Form - Emd Fee Form

1

EMD Copy - in any form like BG/ DD/ Banker’s Cheque/ Online Banking Transaction/ Letter of Credit

Required

Frequently Asked Questions

Key insights about GUJARAT tender market

What is the main objective of this government tender?

This tender aims to select a qualified service provider to outsource accounting services for Vadodara Gas Limited for a duration of 24 months, ensuring efficient financial management, statutory compliance, and timely reporting.

What are the key eligibility criteria for bidders?

Bidders must have at least 3 years of experience in accounting outsourcing, submit valid registration documents such as PAN, GST, MSME, EPFO, and ESI certificates, and provide audited financial statements for the last three years. Additionally, they must meet the minimum turnover requirements and submit all mandatory documents as specified in the tender.

How can I participate in the bidding process?

Participants should download the tender documents from the official portal, prepare their technical and financial proposals adhering to the guidelines, pay the tender fee and EMD electronically, and submit bids before the deadline. Attending the vendor training sessions can also facilitate smooth participation.

What is the evaluation process for the bids?

Bids are evaluated based on technical competence, experience, financial competitiveness, and past project performance. The evaluation criteria assign specific weightages, with a minimum qualifying score required for technical assessments. The highest-scoring bid will be awarded the contract.

What are the important deadlines I should be aware of?

Key dates include the bid submission start on 22nd September 2025, the deadline for submission on 13th October 2025 at 2:00 PM, and the bid opening scheduled for 13th October 2025 at 3:00 PM. Bidders must ensure timely submission to participate.

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