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

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