Open Tender for Financial Audit Services - Financial Reporting Framework, Review of Financial Statements, Audit rep in LOWER SUBANSIRI, ARUNACHAL PRADESH

The qualification requirements for financial audits include being a registered entity and an empaneled audit firm under the CAG. Firms must have relevant experience conducting audits for educational institutions and demonstrate compliance with the necessary financial standards to meet eligibility.

Participants must present various required certificates, including registration as a Chartered Accountant or auditing firm. Additionally, bidders may be required to submit proof of compliance with quality standards and any specific certificates demanded in the tender documentation.

The registration process for bidders typically involves submitting specified documentation along with the bidding proposal. This includes registration proof, financial records, and experience letters. Proper adherence to submission formats is crucial to ensure eligibility in this competitive bidding process.

Bidders may be required to submit an Earnest Money Deposit (EMD) to ensure commitment to the bid. Upon awarding the contract, a performance security will also be mandated to cover any potential default, ensuring the successful execution of the auditing services as per the terms of the tender.

Yes, there are several benefits for Micro, Small, and Medium Enterprises (MSEs) in this tendering process. Specific provisions include relaxed eligibility criteria and potentially favorable evaluation metrics, encouraging participation and supporting the Make in India initiative by fostering local engagement and procurement.