Open Tender for Custom Bid for Services - Appointment of auditor for conducting system audit of automation of Incom

The eligibility requirements include being a registered entity with a minimum average annual turnover of 5 Lakh (s) and at least three years of relevant auditing experience. Supporting documentation regarding previous experience and financial statements must be submitted to validate these criteria.

Bidders must provide financial certificates to prove their average annual turnover, along with experience certificates that highlight their previous auditing engagements related to automation and compliance. Additional documentation may be specified in the Additional Terms and Conditions (ATC).

Potential bidders must register on the government e-marketplace (GeM) portal to submit bids for the tender. Registration guidelines can be found on the GeM website, where they will also need to create an account to access bidding opportunities.

All submitted documents must be in PDF or other specified formats as outlined in the tender documentation. Bidders should refer to the linked documents for detailed format requirements.

Yes, bidders must showcase specific technical capabilities in auditing automation systems, along with previous relevant experience. Compliance with recognized quality standards is also mandatory.

Bidders are expected to adhere to applicable international and national auditing standards, ensuring thorough procedures during the audit process. These standards will be evaluated during the selection process.

Bid submissions must comply with regulatory standards applicable to the auditing of financial institutions. Selected bidders may also be subject to additional assessments to validate their methodologies and systems for meeting compliance standards.

The Earnest Money Deposit (EMD) required for this tender is 20,000. This deposit must be made during the bidding submission process to demonstrate the bidder's commitment.

Winners of the tender may be required to submit a performance security as stipulated in the tender documents to ensure compliance with execution terms. This security will be released upon successful completion of the contract.

Payment terms will be based on the deliverables and milestones established in the contract, as detailed in the linked payment terms document. Bidders should review the document thoroughly for exact terms.

Price evaluation will follow a Total Value Wise Evaluation process, focusing on cost-effectiveness alongside technical qualifications. Higher-priced bids will be eliminated to emphasize value for money.

Bids must be submitted electronically through the GeM portal. All required documents should be uploaded in the specified formats before the bid submission deadline.

The timeline for evaluation is based on the criteria mentioned in the tender specifications. Generally, bidders will be informed of the evaluation results within a stated period, as detailed in the official tender documents.

There are provisions for MSEs and startups that may allow for exemptions from certain eligibility criteria. Bidders seeking these benefits must provide the requisite documentation to support their claims.

Bidders are encouraged to comply with 'Make in India' policies, aiming to promote local sourcing and procurement practices. Compliance may be evaluated as part of the technical assessment process.

Yes, several linked documents are available outlining the scope of work, payment terms, and additional terms. These documents can be accessed through the links provided in the tender description.