Employees State Insurance Corporation Financial Audit Services Chandigarh Onsite Audit 2026 - CAG Empaneled/CA Firm Standards

Tender Overview

Organization: Employees State Insurance Corporation (ESIC) — procuring Financial Audit Services for review of financial statements, financial reporting framework, and audit reports under the buyer's scope, with onsite delivery at ESIC Hospital Chandigarh. Estimated value of ₹144,000. No BOQ items; onsite service requirement drives logistics and liaison with ESIC staff. The tender specifies a quantity flexibility up to 25% (increase/decrease) at contract issuance or during execution. The engagement may consider CAG empaneled audit or a CA Firm with equivalent qualifications as an alternative. This procurement targets qualified auditors capable of delivering statutory and internal audit deliverables with a defined timeline.

Technical Specifications & Requirements

• Service category: Financial Audit Services for statutory/review audits, financial statements, and related reporting per buyer scope.
• Delivery location: ESIC Hospital, Chandigarh; onsite presence required.
• Eligibility hint: Preference for CAG empaneled auditors or CA firms with proven audit experience in government/non-profit sector.
• Associated terms: The buyer-added terms allow contract quantity/duration adjustment up to 25%; onsite service is mandatory per ATC.
• Documentation scope: Completion of standard audit reports, attestation of financial statements, and alignment with applicable auditing standards.

Terms, Conditions & Eligibility

• EMD/Performance terms: Not explicitly specified in the data; bidders should expect standard bid security as per ESIC tender practices.
• Delivery timeline: Onsite services required at ESIC Hospital Chandigarh; exact dates not provided.
• Payment terms: Not detailed in the data; bidders should anticipate milestone-based or post-delivery payment upon acceptance.
• ATC compliance: Bidders must review and comply with uploaded ATC; onsite requirement is confirmed.
• Contract flexibility: 25% quantity/duration adjustment allowed at contract issue or during execution.
• Required qualifications: CAG empaneled auditor or CA Firm with relevant financial audit experience; familiarity with government/non-profit auditing standards is advantageous.