Contract Bidding Open 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, specifically a CA Firm or equivalent with CAG Empanelment. Firms also need to have a proven track record in delivering similar financial audit services, demonstrating their capabilities through past projects. Additionally, the firm must possess qualified professionals trained in financial auditing and familiarity with Indian financial reporting standards.

Bidders must adhere to specific technical specifications to qualify for this tender. These include comprehensive knowledge of the prevailing financial reporting frameworks, particularly the Indian auditing standards. Firms are expected to showcase their methodological approach to auditing and present credentials of their audit team, ensuring that all professionals involved are qualified and experienced in government or public sector auditing.

While specific details of the Earnest Money Deposit (EMD) are subject to tender guidelines, bidders typically need to submit an EMD with their proposal as a sign of commitment. Additionally, the winning firm will usually be required to provide a performance security bond to ensure compliance with contract terms, which will be released upon successful completion of the audit service.

Proposals must be submitted electronically through the governmental tendering platform specified in the call for tender. Key timelines include the submission deadline and any pre-bid meetings which may be communicated through the tender announcement. It's crucial for bidders to stay informed of these timelines to ensure their bid is processed effectively.

Yes, this tender has special provisions aimed at promoting participation from Micro, Small, and Medium Enterprises (MSEs) and startups. These benefits include relaxed criteria, greater access to tender opportunities, and support mechanisms designed to enhance competitive fair play against larger entities. Compliance with initiatives like Make in India is encouraged, highlighting a focus on local sourcing and contributions to the Indian economy.