Bids are Invited For Financial Audit Services - Review of Financial Statements, Financial Reporting Framework, Audit rep in NEW DELHI, DELHI

The eligibility requirements include being a registered entity, possessing a valid business license, and demonstrating relevant experience in Financial Audit Services. Organizations must have a minimum of five years of experience in auditing and should preferably be a CAG empaneled Audit or Chartered Accountant (CA) firm.

Bidders must provide valid certifications demonstrating compliance with industry standards, including audit and financial reporting certifications. It is also essential to submit proof of being a CAG empaneled firm, if applicable, as part of the documentation for Financial Audit Services.

To participate in the bidding process, interested bidders must first ensure they are a registered entity. The registration process typically includes obtaining a valid business license and specific financial certifications related to auditing services. Subsequently, bidders need to submit their bids via the online tender management platform designated by the Ministry.

Bidders are required to submit an Earnest Money Deposit (EMD), the details of which will be specified in the tender documentation. A performance security will also be necessary upon contract award, aimed at ensuring compliance with the terms. Financial documentation should reflect the stability of the firm, including bank statements and historical financial records.

Yes, this tender encourages the participation of Micro, Small, and Medium Enterprises (MSEs). The Ministry aims to empower local businesses by offering benefits and provisions that ease the bidding process, ensuring fairness and inclusivity in the awarding of contracts while adhering to 'Make in India' policies.