Hindustan Insecticides Limited Internal Audit Engagement Tender South Delhi 2026 - ISCA/CA Audit Standards
Bid Publish Date
26-Feb-2026, 4:25 pm
Bid End Date
09-Mar-2026, 11:00 am
Value
₹3,00,000
Location
Progress
Quantity
1
Bid Type
Two Packet Bid
Categories
5
Tender Overview
Hindustan Insecticides Limited (HIL), a Government of India enterprise under the Department of Chemicals & Petrochemicals, invites bids for the Engagement of Chartered/Cost Accountants for Internal Audit in its HO/Units/RSOs. The scope targets an independent audit function with a contract period of 1 year, renewable yearly up to a maximum of 3 years based on satisfactory performance. Estimated value explicitly stated at ₹300,000. Bid submission is physical only at HIL’s New Delhi office, with a key deadline of 11 days from tender issue (26 February 2026) to 9 March 2026 for technical bid opening on 9 March 2026 at 12:00 PM. This procurement emphasizes process improvement and risk management through ongoing audit feedback.
Technical Specifications & Requirements
- Product/Service: Internal audit engagement by Chartered/Cost Accountants of India.
- Contract duration: 1 year with renewable option annually; max term 3 years.
- Bid opening date/time: 9 March 2026, 12:00 PM.
- Submission mode: Physical submission to Director (Finance), HIL (INDIA) LIMITED, Core-6, 2nd Floor, Scope Complex, New Delhi 110003.
- Location coverage: HIL HO/Units/RSOs across India; coverage scope described in NIT.
- Background: HIL seeks to implement an independent review mechanism to enhance governance and risk management.
- Estimated value: ₹300,000; no BOQ items.
- Eligibility: Firms registered as Chartered/Cost Accountants with relevant internal audit experience.
- ATC/ATC clause: Participation per tender ATC terms; quantity/duration adjustments allowed up to ±25%.
Terms, Conditions & Eligibility
- EMD/Security deposit: Not explicitly stated in available data; verify at bid submission.
- Delivery timeline: Commencement upon contract award; annual renewal contingent on performance.
- Payment terms: Not detailed in data; confirm in NIT and contract.
- Documents: Prepare standard statutory registrations (GST, PAN), firm registration as CA/ICAI member, prior internal audit experience, and financial credentials.
- Language: Bid documents to be submitted in English.
- Key contact: Director (Finance), Mr. D.N.V. Srinivasa Raju; bid submissions to Him; Late submissions not accepted.
- ATC clause: The buyer may adjust contract quantity or duration by up to 25% at issue and post-issuance, bidder must accept revised terms.
Key Specifications
-
Engagement of Chartered/Cost Accountants for Internal Audit in HIL
-
Contract period: 1 year, renewable yearly upto max 3 years
-
Estimated contract value: ₹300,000
-
Delivery/location: HIL Head Office, Scope Complex, New Delhi
-
No BOQ items; open NIT – Physical submission
Terms & Conditions
-
Open NIT; physical submission by 11 days from issue date
-
Contract renewable annually up to 3 years
-
±25% quantity/duration variation permitted at issue and post-issuance
Important Clauses
Payment Terms
Payment terms to be specified in the final contract; ensure clarity on milestones and acceptance criteria.
Delivery Schedule
Engagement starts after award; audit plan and timelines to be finalized in contract; annual renewal conditional on performance.
Penalties/Liquidated Damages
Any penalties or LDs to be defined in the contract based on delays or non-conformance; confirm in bid documents.
Bidder Eligibility
-
Registered Chartered Accountants or ICAN/CAC firms with internal audit experience
-
ICAI/CA members in good standing; relevant regulatory compliance
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Financial stability demonstrated by last 3 years' statements
Additional Tender Data
Commercial Details
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
No
Item Category
Financial Audit Services - Audit report; Audit Firm
Authority Records
BID & GeM Expert Consultancy
End-to-end support — bid preparation, GeM registration, document filing & compliance by industry experts.
Free consultation · 24h response
Documents 4
GeM-Bidding-9050087.pdf
Main Document
Other Documents
OTHER
Other Documents
OTHER
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Required Documents
GST registration certificate
Permanent Account Number (PAN) card
Certificate of incorporation (Firm) and ICAI/ICAI registration
Experience certificates for internal audit engagements (CA/ICAI)
Financial statements (last 3 years) and turnover proof
Submission of EMD document (as applicable per NIT)
Technical bid documents and OEM/firm authorizations (if any)
Bid security / performance security (as applicable)
Any relevant quality/compliance certificates
Corrigendum Updates
1 Update Update
Technical Results
| S.No | Seller | Date | Status |
|---|---|---|---|
| 1 | A ARORA & CO Under PMA | 05-03-2026 18:28:35 | |
| 2 | AGARWAL AND DHANDHANIA Under PMA | 05-03-2026 18:42:24 | |
| 3 | ANURAG BHAIYYA & ASSOCIATES Under PMA | 04-03-2026 23:38:41 | |
| 4 | ARSAN & CO Under PMA | 07-03-2026 15:02:39 | |
| 5 | C K PRUSTY & ASSOCIATES Under PMA | 07-03-2026 10:59:43 | |
| 6 | CHAKRABORTY KAPOOR & CO. LLP Under PMA | 07-03-2026 17:42:18 | |
| 7 | D A P M & CO Under PMA | 09-03-2026 10:24:44 | |
| 8 | D B M S & CO Under PMA | 08-03-2026 16:14:12 | |
| 9 | DAGA ARUN & CO Under PMA | 02-03-2026 15:02:55 | |
| 10 | JOSHI SHARMA & COMPANY Under PMA | 04-03-2026 16:35:23 | |
| 11 | M A S A R & Co. Under PMA | 07-03-2026 19:30:07 | |
| 12 | MAHALWALA & CO. Under PMA | 09-03-2026 10:56:15 | |
| 13 | Manoj Mohan & Associates Under PMA | 07-03-2026 19:54:55 | |
| 14 | MILIND NYATI & CO LLP Under PMA | 09-03-2026 10:58:49 | |
| 15 | MSUR & CO. Under PMA | 08-03-2026 14:52:08 | |
| 16 | N. A. SIDDIQUI & CO., Under PMA | 08-03-2026 15:53:33 | |
| 17 | NGRM & ASSOCIATES Under PMA | 09-03-2026 10:10:29 | |
| 18 | S H A P Y & ASSOCIATES Under PMA | 09-03-2026 10:24:44 | |
| 19 | S N PAUL & CO Under PMA | 07-03-2026 19:01:27 | |
| 20 | SAHNI BANSAL AND ASSOCIATES Under PMA | 07-03-2026 19:13:19 | |
| 21 | Sandeep Pandit & Co Under PMA | 28-02-2026 16:43:21 | |
| 22 | SHINDE CHAVAN GANDHI & COMPANY Under PMA | 02-03-2026 13:23:25 | |
| 23 | Shivani Jain And Associates Under PMA | 03-03-2026 15:12:02 | |
| 24 | V.SINGHI & ASSOCIATES Under PMA | 07-03-2026 18:35:30 |
Financial Results
| Rank | Seller | Price | Item |
|---|---|---|---|
| L1 | NGRM & ASSOCIATES( MSE Social Category:General ) Under PMA | Item Categories : Financial Audit Services - Audit report; Audit Firm | |
| L2 | MILIND NYATI & CO LLP( MSE Social Category:General ) Under PMA | Item Categories : Financial Audit Services - Audit report; Audit Firm | |
| L3 | Manoj Mohan & Associates Under PMA | Item Categories : Financial Audit Services - Audit report; Audit Firm | |
| L4 | D B M S & CO( MSE Social Category:General ) Under PMA | Item Categories : Financial Audit Services - Audit report; Audit Firm | |
| L5 | MSUR & CO.( MSE Social Category:General ) Under PMA | Item Categories : Financial Audit Services - Audit report; Audit Firm | |
| L6 | ARSAN & CO Under PMA | Item Categories : Financial Audit Services - Audit report; Audit Firm | |
| L7 | S H A P Y & ASSOCIATES( MSE Social Category:General ) Under PMA | Item Categories : Financial Audit Services - Audit report; Audit Firm | |
| L7 | CHAKRABORTY KAPOOR & CO. LLP Under PMA | Item Categories : Financial Audit Services - Audit report; Audit Firm | |
| L7 | DAGA ARUN & CO( MSE Social Category:General ) Under PMA | Item Categories : Financial Audit Services - Audit report; Audit Firm | |
| L8 | MAHALWALA & CO.( MSE Social Category:General ) Under PMA | Item Categories : Financial Audit Services - Audit report; Audit Firm | |
| L8 | ANURAG BHAIYYA & ASSOCIATES( MSE Social Category:General ) Under PMA | Item Categories : Financial Audit Services - Audit report; Audit Firm | |
| L8 | A ARORA & CO Under PMA | Item Categories : Financial Audit Services - Audit report; Audit Firm | |
| L9 | D A P M & CO( MSE Social Category:General ) Under PMA | Item Categories : Financial Audit Services - Audit report; Audit Firm | |
| L10 | SAHNI BANSAL AND ASSOCIATES( MSE Social Category:General ) Under PMA | Item Categories : Financial Audit Services - Audit report; Audit Firm | |
| L11 | M A S A R & Co.( MSE Social Category:General ) Under PMA | Item Categories : Financial Audit Services - Audit report; Audit Firm | |
| L12 | SHINDE CHAVAN GANDHI & COMPANY( MSE Social Category:General ) Under PMA | Item Categories : Financial Audit Services - Audit report; Audit Firm | |
| L13 | C K PRUSTY & ASSOCIATES Under PMA | Item Categories : Financial Audit Services - Audit report; Audit Firm | |
| L14 | AGARWAL AND DHANDHANIA Under PMA | Item Categories : Financial Audit Services - Audit report; Audit Firm | |
| L15 | V.SINGHI & ASSOCIATES( MSE Social Category:General ) Under PMA | Item Categories : Financial Audit Services - Audit report; Audit Firm | |
| L16 | S N PAUL & CO Under PMA | Item Categories : Financial Audit Services - Audit report; Audit Firm | |
| Disqualified | N. A. SIDDIQUI & CO., (MSE) Under PMA | Item Categories : Financial Audit Services - Audit report; Audit Firm |
Frequently Asked Questions
Key insights about DELHI tender market
How to bid for internal audit engagement tender in Delhi 2026?
Bidders must submit physical bids by 9 March 2026 to the Director (Finance) at HIL, New Delhi. Ensure ICAI/ICAI registration, CA/ICAI member in good standing, and provide financial statements for the last 3 years, GST, PAN, and internal audit experience certificates. The contract is 1 year with renewal up to 3 years, valued at ₹300,000.
What documents are required for HIL internal audit procurement 2026?
Required documents include GST registration, PAN, firm registration, ICAI/ICAI membership proof, internal audit experience certificates, last 3 years' financial statements, turnover proof, and EMD or security as applicable to the NIT. Also include technical bid and any OEM authorizations if relevant.
What are the payment and delivery terms for HIL internal audit?
Payment terms will be defined in the contract; delivery/availability begins after award. The engagement is annual with renewal allowed based on performance. Ensure you meet English-language bid requirements and provide a detailed audit plan within the contract framework.
What standards apply to internal audit engagement for HIL?
Engagement requires CA/ICAI professionals; compliance with applicable internal audit standards and regulatory requirements. The tender emphasizes independent review mechanisms and risk management, with the contract term of 1 year renewable to 3 years, subject to satisfactory performance.
When is the last date for submission of technical bids for this tender?
The last date for physical submission is 9 March 2026, with opening of technical bid scheduled for the same day at 12:00 PM. Late submissions are not acceptable; bidders must ensure complete documents and compliance.
What is the estimated contract value for the internal audit tender?
The estimated value is ₹300,000 for the initial 1-year engagement. The contract may be renewed annually for up to 3 years total, contingent on satisfactory performance and ATC compliance including ±25% quantity/duration flexibilities.
Who is the contract contact for queries about the internal audit tender?
Direct inquiries to Mr. D.N.V. Srinivasa Raju, Director (Finance) at Hindustan Insecticides Limited. All clarifications should be sent as per NIT guidance; ensure responses are aligned with English bid language and physical submission requirements.
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Documents 4
GeM-Bidding-9050087.pdf
Main Document
Other Documents
OTHER
Other Documents
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GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS