GEM

ESIC Financial Audit Services Tender Ahmedabad Gujarat 2025 - Review of Financial Statements & CAG-empaneled Audit Firm

Bid Publish Date

09-Dec-2025, 10:00 am

Bid End Date

30-Dec-2025, 10:00 am

Value

₹2,16,000

Location

AHMADABAD , GUJARAT

Progress

Issue09-Dec-2025, 10:00 am
AwardPending
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Quantity

1

Bid Type

Two Packet Bid

Categories 6

CA FIRM BOOK KEEP ACCOUNTANT FIRM ACCOUNTING AUDIT FINANCIAL AUDIT SERVICES SERVICES

Tender Overview

The Employees State Insurance Corporation (esic) seeks financial audit services in AHMEDABAD, GUJARAT for review of Financial Statements, Financial Reporting Framework, and Audit Reports, targeting a CAG-empaneled auditor or CA firm. Estimated value is ₹216,000 with opportunities for contract quantity/duration adjustments up to 25% at both pre- and post-award stages. The procurement emphasizes compliance, independent financial examination, and alignment with government audit standards. The SOW references standard audit practices under ESIC governance and potential for subcontracting with prior written consent. An office presence in the consignee state and robust service support are implied.

Technical Specifications & Requirements

  • No explicit technical specifications are published. Tender actions rely on the bid terms for service delivery and auditor qualifications.
  • Required features include: dedicated/toll-free service support, presence of a local service office in Gujarat, and an escalation matrix for service issues.
  • Past project experience documentation is required, accepting multiple proof formats (contract copies, client execution certificates, or third-party release notes).
  • SOW file attachment availability may govern scope; bidders must ensure compliance with at least one valid proof of prior audit engagements and financial statement reviews.
  • Compliance with generic terms for assignment and subcontracting, while retaining joint liability for performance.

Terms & Eligibility

  • Contract quantity/duration may vary up to 25%; bidder must accept revised scope.
  • Financial standing: bidder must not be in liquidation or similar proceedings; provide an undertaking to this effect.
  • Sub-contracting requires buyer consent; liability remains with the original bidder.
  • Service support: dedicated toll-free number and escalation matrix; office presence in Gujarat; documentation evidencing availability.
  • Past experience proof accepted in multiple formats; ensure submission of relevant certificates and client references.

Key Specifications

  • Product/Service: Financial Audit Services for ESIC audit reports and financial statements

  • Estimated value: ₹216,000

  • Experience proof: contracts, client certificates, or third-party release notes

  • Support: dedicated toll-free service contact and escalation matrix

  • Delivery/Presence: service office in the state of consignee (Gujarat)

Terms & Conditions

  • Up to 25% variation in contract quantity/duration allowed

  • Sub-contracting requires buyer’s prior written consent

  • Joint liability retained by bidder and any sub-contractor

  • Dedicated service support & escalation matrix required

  • Documentation proving past audit/execution experience mandatory

Important Clauses

Payment Terms

Not specified in tender data

Delivery Schedule

Not specified in tender data

Penalties/Liquidated Damages

Not specified in tender data

Bidder Eligibility

  • Not under liquidation or similar proceedings; provide undertaking

  • Must have or arrange a Gujarat-based service office or presence

  • Past audit/financial statement review experience with verifiable proofs

Past Similar Tenders (Historical Results)

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Closed: 21 April 2025
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Required Documents

1

Experience Criteria

2

Bidder Turnover

3

Certificate (Requested in ATC)

4

Additional Doc 1 (Requested in ATC) *In case any bidder is seeking exemption from Experience / Turnover Criteria

5

the supporting documents to prove his eligibility for exemption must be uploaded for evaluation by the buyer

Frequently Asked Questions

Key insights about GUJARAT tender market

How to bid for ESIC financial audit services in Ahmedabad?

Bidders must meet eligibility criteria including non-liability to liquidation, provide a Gujarat service presence, and submit past audit experience documents. Prepare technical and financial bids with proofs like client contracts, execution certificates, or third-party notes. Ensure adherence to bid terms, escalation matrix, and mandatory certificates.

What documents are required for ESIC audit tender submission in Gujarat?

Submit GST certificate, PAN, past project experience proofs (contracts, client certificates), financial statements, EMD (if applicable), technical bid, OEM authorizations if any, and service escalation details. Include proof of a local Gujarat service office and dedicated service contact information.

Which standards or certifications are required for ESIC financial audits?

The tender specifies CAG-empaneled audit capability; bidders should demonstrate capacity to perform financial statement reviews and audits per government norms. While specific standard numbers aren’t listed, ensure alignment with typical government audit frameworks and provide client execution certificates or engagement letters as proof.

What is the estimated contract value and variation allowed for ESIC audit?

Estimated value is ₹216,000. The buyer allows contract quantity or duration variation up to 25% at the time of issue and after contract issuance, requiring bidders to accept revised scope without dispute.

How to prove past audit experience for this ESIC tender in Gujarat?

Acceptable proofs include contract copies with invoices and self-certification, client execution certificates with contract value, or third-party inspection release notes. Ensure documents clearly reference audit and financial statement review work performed for government or large-organization clients.

What are the essential service support requirements for bidders?

Bidders must provide a dedicated toll-free service number and an escalation matrix. An on-file Gujarat office for service delivery is required, with documentary evidence submitted to verify availability and response capability.

What eligibility criteria ensure bid submission for esic procurement in 2025?

Eligibility includes financial stability (no bankruptcy or liquidation), a Gujarat-based service presence, and demonstrable past audit/project experience with valid proofs. Sub-contracting requires buyer consent and joint liability remains with the primary bidder.

When is the ESIC audit bid deadline and where to find SOW?

Deadline details aren’t provided in the data excerpt. Bidder should review the attached SOW file and the terms in the buyer-added terms. Ensure your bid aligns with the 25% variation clause and provides all required certificates and service details.