Tender Notice for Financial Audit Services - Review of Financial Statements, Financial Reporting Framework, As per th in KRISHNA, ANDHRA PRADESH

The eligibility requirements include being a registered entity with the appropriate licenses to provide financial auditing services. Typically, bidders must hold relevant certifications such as CAG empanelment and demonstrate prior experience with positive outcomes in similar audit engagements. This ensures that the audit firm possesses the necessary skills and knowledge to comply with the financial reporting framework.

Bidders must provide a range of required certificates, including proof of registration, compliance certifications with financial regulations, and any other relevant documents that demonstrate their capacity as a CAG empaneled entity. These certificates validate the bidder’s claims and ensure adherence to quality standards within the audit framework.

Bid submissions should adhere to specified submission methods as outlined in the tender documentation. Usually, this entails submitting both technical and financial proposals through a digital or physical channel designated by the Ministry of Labour and Employment. It’s vital that all documents are clearly labeled and formatted as per the guidelines provided in the tender.

Bidders should be aware of the performance security requirements, which typically entail submitting a security deposit that may be calculated as a percentage of the contract value. This deposit is intended to ensure compliance with bid terms and may be refunded upon successful completion of the contract.

Yes, this tender includes provisions that support Micro, Small, and Medium Enterprises (MSEs) as well as startups, facilitating their participation in government contracts. Such provisions aim to encourage local businesses and foster economic growth, allowing them to benefit from government services whilst ensuring compliance with national procurement policies.