Contract Bidding Open For Financial Audit Services - Financial Reporting Framework; Audit Firm, CA Firm, CAG Empaneled Audit in CENTRAL DELHI, DELHI

The eligibility requirements include being a registered entity and having 5 years of relevant past experience in the field of financial auditing. Bidders must also possess the necessary qualifications, such as a valid CA registration and adherence to applicable regulatory standards. Those seeking exemptions from the experience criteria must provide supporting documentation for evaluation.

The technical specifications require bidders to have proven experience in conducting rigorous financial audits, adherence to compliance standards, and capability to deliver quality audit opinions on public sector financial statements. Bidders need to demonstrate their technical proficiency in line with government accounting frameworks outlined in the tender documentation.

Bidders are expected to provide a Performance Security as a guarantee for the satisfactory execution of the contract. This security will typically be a percentage of the contract value, held until the completion of the project. Details can be found in the tender documentation regarding the exact percentage required and the submission process.

Bids must be submitted via a two packet bidding system, where technical and financial bids are submitted separately. Bidders are advised to follow the guidelines provided in the tender documentation and ensure all required documents adhere to the specified format before submission.

The tender provides specific benefits for MSEs, including relaxed eligibility criteria and potential exemptions on certain requirements. This encourages small firms to participate and contributes to the government’s focus on supporting local businesses in public procurement processes.