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

The eligibility requirements include being a registered CAG empaneled audit firm or a Chartered Accountant (CA) firm. Bidders must have experience in governmental financial audits and showcase their competency through supporting documentation. Evidence of successful completion of similar projects will be critical to meet the qualification standards. This not only validates the firm's capability but also ensures that the auditing will adhere to government policies and regulations.

Bidders must include several essential certificates when submitting their proposals. These include a valid CA license, CAG empanelment, and any professional auditing certifications that demonstrate the firm’s expertise in financial audits, particularly for governmental entities. All documentation must be current and should ideally reflect a history of compliance with audit standards.

Entities interested in participating must complete the necessary registration through the designated online portal, ensuring all documents and proofs of qualifications are submitted. This includes providing the correct format and adherence to the instructions outlined in the tender document. Successful registration will enable bidders to submit their offers before the specified deadline.

The payment terms will vary based on the agreement but typically involve an advance payment followed by staggered payments tied to the completion of key milestones throughout the audit process. Exact terms will be detailed in the contract awarded based on final negotiations with selected bidders, ensuring financial transparency and adherence to government standards.

Yes, this tender includes specific benefits for MSEs, aimed at enhancing their participation. The government encourages MSEs to engage in this bidding process by providing possible relaxation of eligibility criteria and financial incentives. Compliance with 'Make in India' policies is also promoted to support local businesses in meeting government procurement needs.