GEM

Chhattisgarh Technical Education Department Internal Audit Tender 2025 for CA Firm – IIIT-NR Scope, 1,000,000 INR, 30,000 INR EMD

Posted

23 Oct 2025, 03:24 pm

Deadline

05 Nov 2025, 03:00 pm

EMD

₹30,000

Value

₹10,00,000

Location

RAIPUR , CHHATTISGARH

Progress

Issue23 Oct 2025, 03:24 pm
AwardPending
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Quantity

1

Bid Type

Two Packet Bid

Key Highlights

  • • Clear EMD amount: ₹30,000 for CA firm bid submission
  • • Scope includes quarterly internal audit reports and risk management recommendations
  • • Deployment option for one full-time accountant at IIIT-NR, if required
  • • Compliance focus: TDS, Income Tax, 80G & 12AA registration review
  • • IS/Standards not specified; emphasis on IIIT-NR prescribed formats for reporting
  • • ATC allows contract quantity/duration adjustments up to 25% at issue
  • • Educational institute context suggests familiarity with campus financials and grants
  • • No BOQ; evaluation based on scope adherence and prior experience

Categories 5

CA FIRM CHARTERED ACCOUNTANT FINANCIAL AUDIT SERVICES SERVICES AUDIT WORK

Tender Overview

The opportunity is a financial audit services tender issued by the Technical Education Department Chhattisgarh seeking a CA firm to perform internal audit services. The estimated contract value is ₹1,000,000 with an EMD of ₹30,000. Scope reflects internal audit for IIIT-NR, including quarterly reports, compliance reviews, risk assessment, and provisions for payroll, assets, and grants. The contract accommodates up to a 25% adjustment in quantity or duration at tender issuance and will require deployment of a full-time accountant at IIIT-NR if specified. This procurement emphasizes formal accounting oversight, governance, and MIS enhancements within an academic-institute framework.

  • Organization: Technical Education Department Chhattisgarh
  • Location: Chhattisgarh state (outlined tender region)
  • Product/Service: Internal Audit Services for CA firm with IIIT-NR scope
  • Estimated value: ₹1,000,000; EMD: ₹30,000
  • Key differentiator: detailed quarterly audit reports, risk control recommendations, and payroll/inventory review embedded in scope
  • Unique aspects: ATC on flexible quantity/duration, deployment of one full-time accountant at IIIT-NR

Technical Specifications & Requirements

  • Scope items include: quarterly internal audit reports; risk management findings; compliance programme reviews; efficiency improvements; staff development; schedules, receipts/payments, income-expense statements, and balance sheets as per prescribed formats
  • Specific tasks cover: verification of cash/bank transactions, bank reconciliations, student fee receivables/creditors, grants utilization, tuition/fees, fixed assets register and verification, procurement controls, and compliance with TDS/Income Tax/80G & 12AA
  • Deliverables: monthly, quarterly, and annual returns filing with statutory authorities; year-end accruals review; assessment of payroll and attendance records; MIS/system improvement suggestions; one full-time accountant deployment at IIIT-NR if required
  • Deliverable standards: precise reporting formats and adherence to IIIT-NR prescribed formats; evidence-based recommendations; continuous education/skill development
  • Experience/eligibility: CA firm with capability to perform multi-faceted internal audit across accounts, payroll, assets, and compliance modules
  • No BOQ items available; bid evaluation will rely on scope adherence and prior experience

Terms, Conditions & Eligibility

  • EMD: ₹30,000
  • Contract variability: quantity/duration can increase up to 25% at contract issue and post-issue
  • Deployment: potential requirement for one Full-Time Accountant at IIIT-NR
  • Compliance: adherence to TDS, Income Tax, 80G & 12AA provisions; filings to statutory authorities
  • Documentation: standard bidder submission including GST, PAN, experience certificates, financials, and technical compliance
  • Payment/Delivery: terms not fully specified in data; expected quarterly/annual reporting and compliance deliverables
  • Penalties/LD: not explicitly stated in the provided terms; standard procurement penalties may apply
  • Eligibility: financial stability, proven internal audit experience for educational/institute settings; capability to produce prescribed audit reports

Key Specifications

  • Internal audit of books of accounts and ancillary records with quarterly reports

  • Review of risk management issues and internal control deficiencies with recommendations

  • Compliance programme review and improvement recommendations

  • Payroll, attendance, payroll letter, and term/condition of appointment verification

  • Fixed assets additions, assets register, and physical verification

  • Grant utilization review and compliance with grant terms

  • Procurement and purchases verification with supporting records

Terms & Conditions

  • EMD ₹30,000 and post-award quantity/duration flexibility up to 25%

  • Potential deployment of one full-time accountant at IIIT-NR

  • Compliance with TDS, Income Tax, 80G & 12AA; statutory returns filing

Important Clauses

Payment Terms

Not explicitly detailed; typical government audit contracts may use milestone-based or quarterly payments subject to deliverables and approvals.

Delivery Schedule

Quarterly internal audit reports with timely submission; monthly, quarterly, and annual return filings to statutory authorities.

Penalties/Liquidated Damages

No explicit LD provision stated; bidders should expect standard contractual penalties for delayed reporting or non-compliance.

Bidder Eligibility

  • CA firm with proven internal audit experience in educational/institute sector

  • Demonstrated ability to produce quarterly audit reports and MIS improvements

  • Financial stability with verifiable turnover and tax compliance

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Required Documents

1

GST registration certificate

2

PAN card

3

Experience certificates for internal audit in educational/academic settings

4

Financial statements or turnover proof

5

EMD submission proof (DD/online payment receipt)

6

Technical bid documents and methodology for internal audit

7

OEM/issuing authority authorizations (if applicable)

8

Any relevant ISO/IS standards compliance certificates (if available)

Frequently Asked Questions

How to bid for internal audit tender in Chhattisgarh 2025?

Bidders must submit GST, PAN, experience certificates, financial statements, EMD ₹30,000, and technical bid detailing audit methodology. Ensure compliance with IIIT-NR scope, quarterly reports, and payroll/asset verifications. Follow ATC quantity/duration flexibility up to 25% and provide the required accounting formats.

What documents are required for CA firm internal audit tender in Chhattisgarh?

Submit GST registration, PAN, experience certificates for educational audits, financial statements, EMD proof, technical bid, and any OEM authorizations if applicable. Provide evidence of prior internal audits in institutes with quarterly reporting capability and payroll/asset verification experience.

What are the technical audit scope requirements for IIIT-NR?

Scope includes quarterly audit reports, risk management recommendations, compliance program reviews, payroll verification, assets and grants reviews, bank reconciliations, and MIS improvements. Deliverables require prescribed formats and timely filing of statutory returns.

What are the EMD and contract flexibility terms for this bid?

EMD is ₹30,000. Contract quantity or duration may adjust up to 25% at issue and post-issue, with bidders bound to accept revised terms. Ensure readiness to deploy a full-time accountant if required by IIIT-NR.

What standards or compliance checks are explicitly required?

Must review TDS, Income Tax, and 80G & 12AA registrations. Reports should align with prescribed IIIT-NR formats; ensure proper documentation for grants utilization and payroll systems.

What delivery timeline is expected for audit reports?

Quarterly internal audit reports must be prepared and submitted on a recurring cycle, with monthly, quarterly, and annual statutory returns filed as applicable to IIIT-NR.

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