Central Council For Research In Ayurvedic Sciences Financial Audit Services Tender Andaman Islands 2026
Bid Publish Date
16-Oct-2026, 9:48 am
Bid End Date
26-Oct-2026, 10:00 am
Value
₹60,000
Location
Progress
Key Highlights
- • Office requirement: bidder must have a registered office in Andaman and Nicobar islands with documentary proof
- • EMD options: EMD can be submitted as FDR or Account Payee DD payable to the Regional Ayurved Institute contact
- • Contract variation: 25% up/down adjustment in quantity or duration or scope for lumpsum contracts
- • Escalation matrix: bidders must provide a service support escalation matrix with contact numbers
- • Liability: subcontracting allowed only with prior written consent; joint and several liability remains
- • Delivery of hard copy EMD/DD within 5 days of bid end/opening
- • Past project experience: bidders must demonstrate capability for financial audit services under government ATC
Tender Overview
The Central Council For Research In Ayurvedic Sciences invites bids for Financial Audit Services with an estimated value of ₹60,000. The procurement requires the service provider to have an office in the state of Consignee, specifically Andaman and Nicobar Islands. Key ATC terms include a flexible 25% increase/decrease in contract quantity/duration, and for lumpsum contracts, a possible 25% scope/value adjustment with bidder consent. EMD/submission mechanics reference FDR or DD options and strict delivery of hard copies within 5 days post bid-end. This opportunity targets qualified audit firms equipped to handle statutory financial audits under government procurement norms.
Technical Specifications & Requirements
- Product/category: Financial Audit Services under government ATC, no BOQ items present.
- EMD/Performance security: EMD can be furnished as Fixed Deposit Receipt (FDR) or Account Payee Demand Draft (DD); FDR/DD must name the buyer’s officer: “RESEARCH OFFICER IN CHARGE, REGIONAL AYURVEDA RESEARCH INSTITUTE, SRI VIJAYA PURAM”; hard copy must reach within 5 days of bid end/opening.
- Service location requirements: Office of service provider must be located in Andaman and Nicobar Islands; documentary proof required.
- Escalation/support: Provide an escalation matrix with telephone contacts for service support.
- Contract flexibility: Buyer may adjust contract scope/value by up to 25%; acceptance of revised terms is mandatory.
- Documents to upload: Undertaking on financial standing; proof of EMD submission; supporting bid documents; documentary proof of registered office.
- Past experience: Not explicitly detailed in BOQ; bidders should demonstrate audit capability per ATC.
Terms, Conditions & Eligibility
- EMD/guarantee: EMD in the form of FDR or DD payable to the Regional Ayurveda Institute; delivery of hard copy within 5 days.
- Office requirement: Registered office must be in Andaman and Nicobar Islands with documentary proof.
- Liability clause: Sub-contracting requires buyer’s prior written consent; subcontractors remain jointly and severally liable.
- Financial standing: Bidder must undertake non-li-quidity/Bankruptcy attestations; must not be under liquidation or receivership.
- Bid adjustments: 25% quantity/duration adjustment allowed pre- and post-contract issuance; lumpsum contracts may adjust scope/value with consent.
- Documentation: Include GST registration, PAN, experience certificates, financial statements, EMD proof, technical bid, OEM authorizations where applicable.
Key Specifications
-
Financial Audit Services as per ATC
-
Estimated value: ₹60,000
-
EMD submission via FDR or DD
-
Office location: Andaman and Nicobar Islands
-
Escalation matrix required for service support
-
Contract flexibility up to 25% in quantity/duration
Terms & Conditions
-
Office must be located in Andaman and Nicobar Islands with documentary proof
-
EMD can be FDR or DD payable to Regional Ayurved Institute; hard copy within 5 days
-
Contract quantity/duration may vary by 25% with bidder consent
Important Clauses
Payment Terms
Not explicitly detailed; EMD forms accepted as FDR/DD; no net payment term specified in ATC
Delivery Schedule
Hardcopy EMD/DD must be delivered within 5 days after bid end/opening
Penalties/Liquidated Damages
Not specified in provided ATC; standard government procurement penalties may apply per conditions
Bidder Eligibility
-
Non-liquidation and no bankruptcy status verified by undertaking
-
Auditing capability for financial services in government procurement
-
Registered office in Andaman and Nicobar Islands with verifiable proof
Tender Data
Bid Details
Quantity
1
Bid Type
Two Packet Bid
Bid Validity
45 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
Tech Clarification Time
2 Days
Preference & Exemptions
EMD Required
No
MII Compliance
Yes
MSE Purchase Preference
Yes
MSE Preference Band
L1+15%
MSE Exemption/Relaxation
Yes
Startup Exemption/Relaxation
Yes
Bid Splitting Applied
No
Requirements
Experience Required
3 Year (s)
Arbitration Clause
No
Mediation Clause
No
Additional Tender Data
Commercial Details
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
No
Item Category
Financial Audit Services - AS PER ATC ATTACHED; Audit Firm
Advisory Bank
State Bank of India
ePBG Percentage
3%
ePBG Duration (Months)
14
Delivery Details
Delivery Locations
1
Delivery Cities
South Andamans
Delivery Pincodes
744101
Delivery Locations
| Consignee | Address | City | State | Pincode | Quantity | Delivery Days | Additional Requirement |
|---|---|---|---|---|---|---|---|
| Akashlal M | 744101,RESEARCH OFFICER INCHARGE, REGIONAL AYURVEDA RESEARCH INSTITUTE, GOVT. QTR. NO. NGII-1/5 & 1/6, CHAKKARGAON, NEAR GANESH TEMPLE, OPP. MUNICIPAL COMPLEX, CHAKKARGAON (PO) PORT BLAIR, SOUTH ANDAMAN - 744112 | South Andamans | Andaman And Nicobar Islands | 744101 | Project / Lumpsum Based | - | Number of Months for which Post Audit Support is required : 12 |
Authority Records
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Documents 5
GeM-Bidding-10044341.pdf
Main Document
Other Documents
OTHER
Buyer uploaded ATC document
ATC
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Categories
4
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Required Documents
GST registration certificate
Permanent Account Number (PAN) card
Experience certificates for similar financial audit services
Financial statements or turnover proof
EMD submission proof (FDR or DD) and related endorsement
Technical bid documents demonstrating audit capability
OEM/authorisation letters (if any)
Documentary proof of registered office in Andaman and Nicobar Islands
Frequently Asked Questions
How to bid for financial audit services tender in Andaman Islands 2026?
Bidders must submit GST, PAN, experience certificates, financial statements, and EMD via FDR or DD to the Regional Ayurved Institute. Ensure an office in Andaman and Nicobar Islands, provide an escalation matrix, and upload an undertaking of financial standing. The contract allows a 25% variation in scope, with hardcopy EMD delivery within 5 days.
What documents are required for CRAS audit tender submission 2026?
Required documents include GST certificate, PAN card, experience certificates for similar audits, financial statements showing turnover, EMD proof (FDR/DD), technical bid, OEM authorizations if applicable, and documentary proof of registered office in Andaman and Nicobar Islands.
What are the EMD submission options for this audit tender in 2026?
EMD can be submitted as a Fixed Deposit Receipt or an Account Payee Demand Draft in the name of the Regional Ayurved Institute contact; scanned proof must accompany bid, with the hard copy delivered within 5 days after bid end/opening.
What is the contract variation allowed in this tender in Andaman?
The buyer may increase or decrease contract quantity or duration by up to 25%; for lumpsum-based services, the scope and contract value may be adjusted by up to 25% with the provider's consent.
What are the location and eligibility requirements for CRAS procurement?
Bidders must have a registered office in Andaman and Nicobar Islands and provide documentary proof; must not be under liquidation or bankruptcy; must demonstrate relevant audit experience to perform government procurement services.
What is the estimated value and service category for this tender?
Estimated value is ₹60,000 for Financial Audit Services under government ATC; no BOQ items are listed; the engagement focuses on statutory financial audit capabilities aligned with CRAS requirements.
How should service support be structured for this audit contract?
Bidders must provide an escalation matrix with contact telephone numbers for service support; ensure ongoing support arrangements are clearly defined and linked to the Andaman-based office location.
What is the required documentation delivery timeline after bid end?
The hard copy of EMD/DD must reach the Buyer within 5 days of the Bid End date or Bid Opening date; ensure timely physical delivery to the specified address.