Procurement Opportunity: Financial Audit Services - Audit report; CAG Empaneled Audit or CA Firm in KAMRUP, ASSAM

Q1: How to participate in the Assam government financial audit tender 2025?
To participate, your CA firm must meet the eligibility criteria, including experience with similar audits, ICAI registration, and relevant government or PSU audit experience. Download the tender document from the official portal, prepare all required documents like experience certificates, financial statements, and firm registration proofs, and submit your bid online before the deadline. Ensure to upload all supporting documents, including bid security (EMD) and technical details. Registration and bid submission can be facilitated through TenderAI’s GeM support services (Click here for GeM registration). Before submitting, review the additional terms and conditions, especially regarding compliance, security deposit, and performance guarantees.

Q2: What are the eligibility criteria for CA firms applying for Assam’s financial audit services?
The primary eligibility criteria include: at least three years of experience in providing similar statutory or internal audits, experience handling government or public sector audits, and a registered office or branch in Guwahati for a minimum of 1 year. The firm must also have at least four FCA partners as of January 2025, and demonstrate prior successful audit assignments of similar scope in the last three years. Registration with ICAI for at least five years, along with audited financial statements, is mandatory.

Q3: What documents are required to bid for the Assam financial audit tender 2025?
Bidders need to submit:

• Experience certificates for relevant completed audits
• ICAI registration certificate
• Firm’s audited financial statements for the last three years
• Proof of turnover
• Bank guarantee or demand draft for bid security
• Technical proposal and supporting documents as per the tender’s checklist
  All documents should be uploaded via the official portal and prepared per the guidelines.

Q4: How does the evaluation process for Assam’s financial audit tender work?
The evaluation primarily considers the total value of the submitted bid, past experience of similar services, compliance with technical specifications, and the quality of supporting documents. The process involves technical assessment followed by financial evaluation. The firm offering competitive pricing and matching or exceeding experience requirements will be shortlisted. The assessed bid value is not disclosed and does not influence the evaluation directly—only compliance and experience matter.

Q5: Are MSMEs or startups eligible for benefits in this Assam government audit tender?
In this specific tender, MSME and startup exemptions are not explicitly available. However, future tenders may offer benefits such as fee discounts or priority qualification. It is advisable for small firms to ensure full compliance with all eligibility criteria, including documented experience, and to leverage digital registration platforms like TenderAI for efficient onboarding.

Q6: What are the key technical specifications for the audit services?
The scope involves conducting financial and compliance audits for government health schemes, with reports to include audit of financial statements, legal compliance, governance, contract adherence, and bank transactions. The audits are to be completed within a 1-year period, with annual MIS reporting and follow-up support. Firms must have experience in internal and statutory audits for government or PSU clients and demonstrate ability to handle the scope within the time frame.

Q7: How to ensure timely submission of the bid for the Assam audit tender?
To avoid last-minute issues, prepare all documents well in advance, ensure online registration with the portal, and verify document uploads. Use TenderAI’s expert services for registration and document review. Keep track of bid opening dates (06-08-2025 at 12:30 PM). Confirm that your bid security (EMD) is in place, and perform a final review of the technical and financial submissions. Remember, the bid closes at 12:00 PM on the specified date.

Q8: What are the common pitfalls to avoid while applying for Assam’s financial audit tender?
Avoid incomplete documentation, misaligned experience evidence, or non-compliance with technical specifications. Do not submit bids without the requisite bid security or outside the specified deadline. Ignoring the additional terms, especially regarding security deposits and performance guarantees, can lead to disqualification. Ensure your firm’s ICAI registration and past audit experience are verifiable, and read the official tender document carefully.

Q9: Can foreign firms participate in this government audit tender?
No, the tender emphasizes Indian standards and local engagement. Foreign certification or experience is not required or recognized in this specific procurement process. The focus remains on Indian firms with proven experience in relevant government and PSU audits, and compliance with ICAI registration and standards.

Q10: How to stay updated about future government audit tenders in Assam?
Register your firm on the government’s procurement portal and subscribe to tender alerts. You can also use platforms like TenderAI for real-time notifications, registration assistance, and document preparation support. Regularly check the official portals for notifications, amendments, and clarifications related to upcoming tenders.