Government Tender Published for Financial Audit Services - Review of Financial Statements, Financial Reporting Framework, Audit rep in KOLKATA, WEST BENGAL

The eligibility requirements for this tender mandate that bidders must be registered financial entities with proven experience in executing financial audits. Additionally, they should possess the necessary certifications, including registration with the appropriate auditing authority, and adequate CAG empanelment. This combination ensures that bidders have the requisite skills and legal standing necessary to perform comprehensive audit services for a government entity.

Bidders must adhere to precise technical specifications which include compliance with established financial reporting standards and CAG Empanelment. Additionally, they must provide a detailed audit methodology that reflects industry best practices along with evidence of previous successful audits. This showcases the bidder's aptitude and sets a standard for the expected quality of work.

Payment terms for this tender will typically include an initial advance upon contract signing, followed by milestone payments tied to project deliverables. The specifics will be outlined in the contract terms, which ensure that financial transactions are reliable and secure for both parties involved in the tender agreement. Bidders are encouraged to highlight flexibility in payment structures in their proposals.

Proposals should include a technical proposal detailing the audit methodology and timeline, alongside the financial proposal which outlines the cost structure. Additionally, bidders must supply supporting documents such as evidence of registration, previous financial statements, and any relevant certifications. Using accepted formats like PDF for submission is strongly recommended to ensure accuracy and integrity.

Micro, Small, and Medium Enterprises (MSEs) can benefit from tailored provisions within this tender, such as relaxed eligibility criteria. They may also receive preferential treatment during the evaluation process, encouraging greater participation from smaller entities in public tender opportunities. These measures align with government initiatives to foster entrepreneurship and economic diversity.