GEM

Invitation to Bid - Financial Audit Services - Statutory Audit and audit of Internal control; CAG Empaneled Audit or CA in BANGALORE, KARNATAKA

Bid Publish Date

06-Feb-2025, 3:22 pm

Bid End Date

17-Feb-2025, 4:00 pm

Value

₹90,000

Progress

Issue06-Feb-2025, 3:22 pm
Technical14-02-2025 16:58:11
Financial
AwardPending
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Quantity

1

Bid Type

Two Packet Bid

Categories 7

Indian Academy Of Sciences invites bids for Financial Audit Services - Statutory Audit and audit of Internal control; CAG Empaneled Audit or CA Firm in BANGALORE, KARNATAKA. Quantity: 1. Submission Deadline: 17-02-2025 16: 00: 00. Submit your proposal before the deadline.

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Required Documents

1

Experience Criteria

2

Bidder Turnover

3

Certificate (Requested in ATC)

4

OEM Authorization Certificate

5

OEM Annual Turnover

6

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

7

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

Technical Results

S.No Seller Item Date Status
1A V R S K AND ASSOCIATES LLP   Under PMA14-02-2025 16:58:11Qualified
2ANRA & ASSOCIATES   Under PMA06-02-2025 18:27:30Disqualified
3D P Jaiswal & Associates   Under PMA08-02-2025 16:53:16Disqualified
4MSUR & CO.   Under PMA16-02-2025 18:18:38Disqualified
5RAJAGOPAL & ASSOCIATES   Under PMA15-02-2025 12:03:01Disqualified
6SANJEEV OMPRAKASH GARG AND CO   Under PMA08-02-2025 20:57:52Qualified
7SPRK & CO   Under PMA17-02-2025 14:28:23Qualified

Financial Results

Rank Seller Price Item
L1A V R S K AND ASSOCIATES LLP( MSE Social Category:General )    Under PMA₹79,999Item Categories : Financial Audit Services - Statutory Audit and audit of Internal control; CAG Empaneled Audit or CA
L2SANJEEV OMPRAKASH GARG AND CO( MSE Social Category:General )    Under PMA₹1,06,200Item Categories : Financial Audit Services - Statutory Audit and audit of Internal control; CAG Empaneled Audit or CA
L3SPRK & CO( MSE Social Category:General )    Under PMA₹1,47,688Item Categories : Financial Audit Services - Statutory Audit and audit of Internal control; CAG Empaneled Audit or CA

Frequently Asked Questions

Key insights about KARNATAKA tender market

What are the eligibility requirements for financial audit services tender?

The eligibility requirements for the tender include being a registered entity, demonstrating a minimum of 2 years of experience in providing statutory audit services, and submitting various certifications, including an OEM Authorization Certificate. Bidders who seek exemptions from experience or turnover criteria must also submit supporting documentation proving eligibility.

What technical specifications must bidders adhere to?

Bidders are required to meet specific technical specifications outlined in the tender, which include documentation of prior experience in audits, compliance with outlined quality standards, and fulfillment of all necessary regulatory compliance requirements. This will ensure that the selected firm maintains the integrity and standards expected from a statutory audit provider.

What is the procedure for submitting the tender documents?

Tenders must be submitted through the specified submission methods as described in the tender documentation. Online submissions should include all required documents in the specified formats and adhere to the guidelines provided to avoid disqualification. It’s important to check the document formats accepted to ensure compliance.

What are the payment terms and performance security requirements?

Payment terms for this tender will be defined in the official documents. Performance security may be required to ensure effective delivery of services and compliance with all agreed-upon terms. Vendors are encouraged to review the tender documents for specific details regarding these requirements.

How do MSEs benefit from this tender opportunity?

Micro, Small, and Medium Enterprises (MSEs) can benefit from specific provisions designed to support their participation in government tenders. This includes flexibility in eligibility criteria and potential financial support initiatives aligned with the Make in India policies, promoting local businesses and enhancing their role in government contracts.