Finance Establishment B Department Assam Financial Audit Services Tender Kamrup 2026 – CAG Empaneled Audit or CA Firm
Progress
Key Highlights
- • World Bank terms and conditions may apply for WB-funded projects
- • 25% quantity/duration variation option at contract issuance and post-issuance
- • CAG empaneled auditor or CA firm required for statutory/audit work
- • Bidder must provide undertaking of no liquidation or insolvency
- • Service provider to pay staff salaries upfront; reimbursement via payment plus statutory docs
- • No BOQ items; no explicit estimated contract value disclosed
- • Non-subcontracting without prior written consent from buyer; liability remains with primary bidder
Tender Overview
Organization: Finance Establishment B Department, Department: Finance Department Assam, located in Kamrup, Assam 781001. Procures Financial Audit Services including review of financial statements, financial reporting framework, audit reports, and statutory audit by a CAG empaneled auditor or CA firm. Estimated value and quantity are not disclosed. Tender emphasizes World Bank terms if applicable and allows up to 25% variation in contract scope or duration. The contract is aligned with statutory audit needs for government financial oversight and compliance, potentially involving WB-funded components; the scope is service-based, not goods, with emphasis on professional expertise and regulatory conformity.
Technical Specifications & Requirements
- No explicit technical specifications are provided in the tender data.
- Expected engagement: audit services for statutory and financial statement review by a CAG-empaneled auditor or CA firm.
- Key consideration: World Bank terms may apply for WB-funded projects; ensure familiarity with their procurement norms.
- International or national auditing standards could be relevant (ISAS/ISA) given statutory audit requirements.
- Delivery context: audit report submission and financial statements review for government department, with adherence to applicable financial reporting framework.
- Experience emphasis: proven capability in government audits and engagement with public sector accounts.
Terms, Conditions & Eligibility
- 25% option clause allows increase/decrease in contract quantity or duration up to 25% pre- and post-issuance.
- World Bank terms may apply for WB-funded projects.
- Bidder must not be in liquidation or court receivership; must upload an undertaking.
- Payment clause requires salaries of deployed staff to be paid by the service provider first, with subsequent claim against the Buyer along with statutory documents.
- No explicit BOQ or estimated value; supplier eligibility includes financial solidity and contract management capability.
- Sub-contracting requires buyer’s prior written consent; ultimate liability remains with the principal contractor.
Key Specifications
-
Product/Service: Financial Audit Services (statutory audit, review of financial statements, reporting framework, audit report)
-
Quantity/Value: Not disclosed
-
Standards/Certifications: CAG-empaneled auditor or CA firm; potential IS/IFRS alignment; World Bank procurement norms if WB-funded
-
Delivery/Timeline: Audit reports and statements deliverables as per contract; detailed timelines not specified
-
Quality/Testing: Compliance with applicable financial reporting frameworks and statutory audit requirements
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Warranty/Support: Not specified; ongoing audit engagement subject to contract terms
Terms & Conditions
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25% alteration right on contract quantity or duration at issuance and post-issuance
-
World Bank terms may govern WB-funded engagements
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Provider must ensure payroll upfront and claim later with statutory documentation
Important Clauses
Payment Terms
Service provider pays staff salaries upfront; reimbursement to be claimed from buyer with statutory documents
Delivery Schedule
Audit deliverables (statutory reports, financial statement reviews) to be provided as per contract terms; no explicit dates in tender data
Penalties/Liquidated Damages
Not explicitly specified in tender data; standard procurement practice may apply due to WB terms
Bidder Eligibility
-
Not in liquidation or court receivership
-
CAG empaneled auditor or CA firm with relevant government audit experience
-
Financial capacity to handle audit contracts and payroll obligations
Tender Data
Bid Details
Quantity
1
Bid Type
Two Packet Bid
Bid Validity
60 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
Tech Clarification Time
2 Days
Preference & Exemptions
EMD Required
No
MII Compliance
Yes
MSE Exemption/Relaxation
No
Startup Exemption/Relaxation
No
Bid Splitting Applied
No
Requirements
Min. Avg. Annual Turnover
5
Experience Required
5 Year (s)
Additional Tender Data
Commercial Details
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
No
Item Category
Financial Audit Services - Review of Financial Statements, Financial Reporting Framework, Audit report, Statutory Audit; CAG Empaneled Audit or CA Firm
Advisory Bank
State Bank of India
ePBG Percentage
5%
ePBG Duration (Months)
5
Payment Timelines
Payments shall be made to the Seller within 45 days of issue of service delivery acceptance certificate (SDAC) and on-line submission of bills (This is in supersession of 10 days time as provided in clause 12 of GeM GTC)
Pre-Bid & Qualification
Pre-Bid Date
02-09-2026 15:00:00
Pre-Bid Venue
To join the meeting on Google Meet, click this link: https://meet.google.com/drc-iban-wsz Or open Meet and enter this code: drc-iban-wsz All queries, if any, must be submitted via GeM Portal or email to [email protected] within four (04) days of floating of this tender. Queries submitted through any other means or after four (04) days of floating of this tender, will not be entertained. All the written queries received within this timeline may be discussed during the pre-bid meeting.
Delivery Details
Delivery Locations
1
Delivery Cities
Kamrup Metro
Delivery Pincodes
781006
Delivery Locations
| Consignee | Address | City | State | Pincode | Quantity | Delivery Days | Additional Requirement |
|---|---|---|---|---|---|---|---|
| Amit Kumar Das Mohapatra | 781006,8th Floor, Kamakhya Tower, Christian Basti, GS Road, Guwahati - 781006 | Kamrup Metro | Assam | 781006 | Project / Lumpsum Based | - | - |
Authority Records
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Documents 7
GeM-Bidding-9812868.pdf
Main Document
Other Documents
OTHER
Other Documents
OTHER
Other Documents
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Other Documents
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GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Categories
9
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Required Documents
GST registration certificate
PAN card
Experience certificates in government audit / statutory audit
Financial statements and solvency certificates
EMD/Security deposit documentation (as applicable by buyer terms)
Technical bid documents and audit capabilities
OEM/firm authorizations or empanelment evidence (CAG/CA firm status)
Frequently Asked Questions
Key insights about ASSAM tender market
How to bid for financial audit services in Kamrup Assam 2026?
Bidders must meet eligibility criteria including CAG-empaneled status or CA firm qualification, provide GST/PAN, experience certificates, and financial statements. The bid may follow World Bank terms if WB-funded. Prepare payroll and statutory documentation, and ensure the 25% variation option is acknowledged in the proposal.
What documents are required for Assam statutory audit tender submission?
Submit GST registration, PAN card, company financials, experience certificates in government audits, audit capabilities, technical bid, and any OEM authorizations or empanelment proof. Include an undertaking against liquidation or insolvency and the payroll compliance plan for deployed staff.
What standards are expected for the financial audit in Assam?
Engagement should align with applicable statutory audit standards and financial reporting frameworks; if WB-funded, World Bank procurement norms apply. Preference for CAG-empaneled auditors or CA firms with government audit experience and IS/IFRS-like framework alignment.
When is the delivery deadline for audit reports in this tender?
Tender data does not specify exact dates; bidders should plan for periodic audit deliverables per contract milestones and ensure capability to produce statutory reports and financial reviews within the contractual timeline after award.
What is the 25% option clause in this Assam tender?
The buyer may increase/decrease contract quantity or duration up to 25% at contract issuance and post-issuance. Bidders must accept revised scope or duration; for lumpsum services, scope/value may expand up to 25% with consent.
What are the payment terms for staff salaries in this audit contract?
Service provider must pay deployed staff salaries first, with reimbursement from the buyer upon submission of statutory documents and bank statements showing payments, followed by processing of the payment claim as per contract terms.
What qualifies as eligible audit experience for this procurement?
Eligibility requires government audit experience or CAG-empaneled status, demonstrated capability in statutory audits, and a track record with financial statement reviews for public sector entities, supported by relevant certificates and references.
Is sub-contracting allowed for this Assam audit tender?
Yes, but only with prior written consent from the buyer. Sub-contracting does not absolve the main bidder of liability; the principal remains jointly and severally liable for obligations under the contract.