Bids are Invited For Financial Audit Services - Review of Financial Statements, Financial Reporting Framework, Audit rep in NEW DELHI, DELHI

The eligibility requirements for this tender include that the bidder must be a registered entity, specifically a Chartered Accountant Firm or equivalent, with experience in providing financial audit services. The firm must also be in the CAG empanelment list to ensure compliance with regulatory standards. Additionally, bidders should demonstrate a history of conducting financial audits for similar entities and possess sufficient financial and operational capabilities to handle the scope of work.

Bidders are required to submit various certificates alongside their proposals. This includes registration certificates demonstrating the firm's qualifications to conduct audit services, proof of inclusion in the CAG empanelment list, and any relevant professional accreditations held by the company’s auditors. Additionally, financial statements from previous fiscal years may be requested to assess the financial viability of the bidder.

The registration process for participating in this tender requires firms to provide a comprehensive submission, including a completed application form and all necessary documentation. Interested bidders must register on the appropriate government tendering portal, ensuring compliance with any specific submission guidelines set by the Ministry of Tribal Affairs. Following registration, firms should ensure all documents are prepared in the correct formats specified in the tender to avoid disqualification.

When conducting financial evaluations, the assessment will consider several aspects, including the total bid amount, the clarity of the pricing structure, and any additional costs that may be incurred during the award of the contract. Bidders will be evaluated based on how competitive their pricing is in relation to the proposed services while also ensuring that it aligns with the technical proposal submitted. Compliance with budgetary constraints and value for money will be critical in the evaluation process.

Yes, the tender provides several benefits for Micro, Small, and Medium Enterprises (MSEs) aimed at promoting participation from local entities. These provisions may include relaxed eligibility criteria, access to special incentives during bid evaluation, and support from the Ministry to strengthen MSE capabilities in delivering the desired services. MSEs are encouraged to engage in this tender as part of the strategy to enhance local procurement and benefit from governmental support initiatives.