Contract Bidding Open For Financial Audit Services - Review of Financial Statements, Audit report; Audit Firm, CA Firm, CAG E in SOUTH ANDAMAN, ANDAMAN & NICOBAR

The eligibility requirements include being a registered entity that specializes in financial audit services. Bidders must be a CA firm or audit firm empaneled with the CAG. Additionally, demonstrating prior experience in conducting audits for government sectors or similar large-scale organizations is beneficial.

Bidders must possess relevant certificates and licenses from recognized auditing bodies. This includes accreditation from the CAG and evidence of thorough training in auditing practices. Having documents that showcase compliance with international financial reporting standards (IFRS) will further strengthen the bid.

Proposals for the tender must be submitted in electronic format, adhering strictly to the submission guidelines specified in the tender documents. All documents must be well-organized and clearly labeled to ensure compliance with submission methods set by the Social Welfare Department.

A performance security may be required to ensure that bidders can fulfill their contractual obligations. This security is typically a percentage of the total bid value and serves as a guarantee against non-compliance. The amount and conditions will be defined within the tender documents.

MSEs can benefit from specific provisions aimed at ensuring their participation in government procurement. Preference in evaluation and selection process may be granted, and avenues for financial support might be available under government schemes designed to bolster MSE growth, including those aligned with the 'Make in India' initiative.