Gujarat Government Tender for Appointment of Internal Auditor at IITE 2025-26

The scope of work involves providing comprehensive internal audit services for IITE for the financial year 2025-26. Key deliverables include:

• Conducting detailed financial and operational audits
• Preparing audit reports with findings and recommendations
• Ensuring compliance with applicable laws and regulations
• Verifying financial statements and internal controls
• Providing suggestions for process improvements

The process involves the following steps:

1. Review of existing financial records and internal controls
2. Conducting field audits as per schedule
3. Documenting audit findings
4. Drafting and submitting audit reports to the Registrar, IITE
5. Implementing corrective measures as advised

Bidder must ensure timely completion of each phase, maintain confidentiality, and adhere to the standards specified in the tender document. The detailed scope and technical requirements are outlined in the tender document available for download.

Bidders should prepare their proposals accordingly, ensuring all deliverables are met within the stipulated timeline.

The technical specifications require bidders to possess relevant certifications such as CIA or equivalent, with at least 3 years of experience in internal audits. The audit process must adhere to the standards set by the Government of Gujarat and ICAI guidelines. Bidders should have a robust internal control system and use secure digital platforms for submission. The technical team must include qualified auditors with proven track records. The audit tools and software should be compliant with government data security policies. The process involves initial review, field audits, report preparation, and final submission, ensuring transparency and accuracy. All technical documentation must be submitted along with the bid, demonstrating compliance with the specified standards.

The estimated project budget ranges from INR 15,000 to INR 50,000, depending on the scope and complexity of the audit work. The bid security deposit (EMD) is INR 15,000, payable via demand draft or bank guarantee. Payment terms are as follows:

• 30% advance upon contract signing
• 40% after submission of interim reports
• 30% after final approval and submission of all audit reports
  The financial bid should be submitted in the prescribed format, clearly indicating the total cost, including taxes and other applicable charges. The bid validity period is 120 days from the date of submission, ensuring the bidder's commitment to the quoted prices during this period.