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GEM

Department Of Heavy Industry Financial Audit Services Tender Dhar Madhya Pradesh 2025 - C&AG Empaneled CA Firm & QCBS Standards

Bid Publish Date

30-Oct-2025, 4:38 pm

Bid End Date

10-Nov-2025, 5:00 pm

Location

DHAR , MADHYA PRADESH

Progress

Issue30-Oct-2025, 4:38 pm
Technical11-Sep-2025, 6:14 pm
Financial
AwardCompleted
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Quantity

1

Bid Type

Two Packet Bid

Key Highlights

  • • C&AG empanelment requirement with Category 1 status
  • • QCBS evaluation: Technical 70%, Financial 30%
  • • Minimum 15 years firm experience; 20+ years earns higher marks
  • • Minimum 3 full-time partners; 3 qualified CAs required
  • • No BOQ items; scope focuses on financial audit and reporting framework
  • • Contract quantity/duration can adjust up to 25%
  • • Location: Dhar, Madhya Pradesh; 454001
  • • Eligible bidders must provide PAN/TAN, GSTIN, empanelment details

Categories 6

CA FIRM BOOK KEEP ACCOUNTANT FIRM ACCOUNTING AUDIT FINANCIAL AUDIT SERVICES SERVICES

Tender Overview

The Department Of Heavy Industry seeks financial audit services in Dhar, Madhya Pradesh (454001) for review of financial statements, reporting framework, and audit reports under an attached scope of work. Eligible bidders include a CA firm with C&AG empanelment (category 1). The assignment utilizes a two-stage QCBS process, with a combined scoring model where technical impact weighs 70% and financial bid 30%. The contract quantity and duration are adjustable by up to 25% at issuance, with a guaranteed acceptance of revised scope. Key differentiator is the requirement for C&AG empanelment and robust CA capabilities. This tender emphasizes audit excellence through established empanelment and long-standing CA expertise.

Technical Specifications & Requirements

  • No BOQ items are listed; the scope centers on financial audit services for statutory review and reporting framework compliance.
  • Core eligibility includes: C&AG empanelment (Category 1), valid PAN/TAN, GSTIN, and C&AG empanelment details.
  • Experience criteria award up to 10 marks for more than 20 years, 8 marks for 15–20 years, and 5 marks for 15 years minimum.
  • Firm must provide: at least 3 full-time partners for the last 10 years and 3 qualified CAs.
  • Two-stage evaluation: Technical score 70% and Financial score 30%; normalization formulas apply.

Terms, Conditions & Eligibility

  • Earnest money/deposit details not disclosed; contract quantity/duration may vary by up to 25%.
  • Eligibility: C&AG empanelment (Category 1), PAN/TAN, GSTIN, empanelment specifics.
  • Experience requirement: minimum 15 years since firm registration; higher years grant more marks.
  • Partners/CA requirements: minimum 3 partners and 3 Chartered Accountants on roll.
  • Evaluation: Technical bids must achieve at least 65 marks to proceed to Commercial bid opening; combined ranking determines final selection.

Key Specifications

    • Product/Service: Financial audit services including review of financial statements, financial reporting framework, and audit report issuance
    • Standards/Compliance: C&AG empanelment (Category 1) required; no specific audit standard listed in data
    • Experience: minimum 15 years; higher years earn more marks (20+ years = 10 marks)
    • Team: at least 3 full-time partners, at least 3 Chartered Accountants
    • Evaluation: Technical 70%, Financial 30%; normalization formulas applied

Terms & Conditions

  • Two-stage QCBS with 65 marks minimum for technical qualifying

  • EMD/deposit details not disclosed; quantity/duration may vary by 25%

  • C&AG empanelment Category 1 is a gatekeeper criterion

Important Clauses

Payment Terms

Not specified in data; payments aligned to contract milestones after audit deliverables

Delivery Schedule

Not specified; contract duration adjustable up to 25% at issue

Penalties/Liquidated Damages

Not specified; no LD details available in data

Bidder Eligibility

  • Must be a CA firm with C&AG empanelment (Category 1)

  • Minimum 15 years of firm registration as on bid submission date

  • At least 3 full-time partners for the last 10 years and 3 qualified CAs

Documents 13

GeM-Bidding-8528188.pdf

Main Document

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Buyer uploaded ATC document

ATC

GEM General Terms and Conditions Document

GEM_GENERAL_TERMS_AND_CONDITIONS

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Required Documents

1

C&AG empanelment certificate (Category 1)

2

PAN/TAN registration documents

3

GSTIN registration certificate

4

Firm Registration Certificate (ICAI) and partnership details

5

List of partners with practice certificates

6

Evidence of 15+ years of operation and annual turnover performance

7

Credential letters for similar financial audit engagements

8

Any other technical bid documents requested in T&Cs

Technical Results

S.No Seller Date Status
1DASSANI & ASSOCIATES LLP   Under PMA09-11-2025 18:14:14Qualified
2JAIN PARAS BILALA & CO   Under PMA08-11-2025 15:59:38Qualified
3Manoj Mohan & Associates   Under PMA10-11-2025 15:46:06Disqualified
4MILIND NYATI & CO LLP   Under PMA10-11-2025 14:26:14Qualified
5NGS & Co. LLP   Under PMA07-11-2025 17:07:26Qualified
6S P A R K & ASSOCIATES CHARTERED ACCOUNTANTS LLP   Under PMA10-11-2025 15:11:42Qualified

Financial Results

Rank Seller Price Item
H1MILIND NYATI & CO LLP( MSE Social Category:General )    Under PMA₹3,88,800Item Categories : Financial Audit Services - Review of Financial Statements, Financial Reporting Framework, Audit rep
H2NGS & Co. LLP( MSE Social Category:General )    Under PMA₹4,62,560Item Categories : Financial Audit Services - Review of Financial Statements, Financial Reporting Framework, Audit rep
H3DASSANI & ASSOCIATES LLP( MSE Social Category:General )    Under PMA₹8,30,720Item Categories : Financial Audit Services - Review of Financial Statements, Financial Reporting Framework, Audit rep
H4JAIN PARAS BILALA & CO( MSE Social Category:NA )    Under PMA₹4,51,232Item Categories : Financial Audit Services - Review of Financial Statements, Financial Reporting Framework, Audit rep
H5S P A R K & ASSOCIATES CHARTERED ACCOUNTANTS LLP( MSE Social Category:General )    Under PMA₹9,26,064Item Categories : Financial Audit Services - Review of Financial Statements, Financial Reporting Framework, Audit rep

Frequently Asked Questions

Key insights about MADHYA PRADESH tender market

How to bid for financial audit services in Dhar Madhya Pradesh 2025?

Bidders must be C&AG empaneled Category 1 CA firms with PAN/TAN, GSTIN, and ICAI registration. Ensure at least 15 years of firm experience, three partners, and three qualified CAs. The selection uses QCBS with 70% technical weight and 30% financial weight after technical qualifying.

What documents are required for the financial audit tender in Dhar?

Submit C&AG empanelment certificate (Category 1), PAN/TAN, GSTIN, ICAI firm registration, partner certificates, three CA credentials, and experience letters for similar audits. Also provide proof of 15+ years in operation and any relevant turnover data as requested in terms.

What is the minimum technical score to qualify for commercial bids in this tender?

Technical bids must achieve at least 65 marks to progress. The technical score is normalized against the top-scoring bidder, contributing 70% to the final combined score, with the rest from the financial bid normalization.

What is the evaluation method for the Dhar audit tender 2025?

The evaluation uses Quality-Cum-Cost Based Selection (QCBS). Technical scores weight 70% and financial scores weight 30%. Normalized technical score equals 100 × T/Th, and financial score equals 100 × LQP/QP; final ranking is by combined score.

Are there any quantity or duration flexibilities in the contract?

Yes. The contract quantity or duration may be adjusted up to 25% at contract issuance, and the buyer may further increase or decrease within the same limit. Bidders must accept revised scope if issued.

What eligibility criteria relate to firm structure for this audit tender?

Firms must have at least three full-time partners, three qualified CAs, and annual documentation confirming compliance with C&AG empanelment. Experience credits are awarded up to 10 marks for more than 20 years, with proportional marks for shorter durations.

What location and organization relate to this financial audit tender?

The tender is for the Department Of Heavy Industry in Dhar, Madhya Pradesh (454001), focused on financial audit services including review of financial statements and reporting framework as per attached scope.

What financial parameters are used to rank bids in this tender?

Financial bids are ranked using a normalization formula with lowest quoted price as reference. The bi dscore is calculated as 100 × LQP / QP, contributing to the final combined score alongside the technical score (70%).