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SIDBI Concurrent Auditors Tender Lucknow UP - Audit Firm for Head Office Verticals 2026

Bid Publish Date

14-Jul-2026, 5:50 pm

Bid End Date

28-Jul-2026, 6:00 pm

Value

₹50,00,000

Location

LUCKNOW , UTTAR PRADESH
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Progress

Issue14-Jul-2026, 5:50 pm
AwardPending
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Quantity

1

Bid Type

Two Packet Bid

Key Highlights

  • • Procuring Organization: Small Industries Development Bank of India (SIDBI)
  • • Procurement Category: Concurrent Audit Services for SIDBI Head Office Verticals
  • • Location: Lucknow, Uttar Pradesh (226001)
  • • Estimated Contract Value: ₹50,00,000
  • • Contract Flexibility: 25% increase/decrease in quantity or duration
  • • Required Expertise: Audit Firm/CA Firm with experience in concurrent auditing for financial institutions
  • • SOW/Documents: Bid to follow RfP formats; detailed terms in attached SOW
  • • Key Compliance: Follow ISI/IS standards not specified; rely on RfP terms

Categories 4

CA FIRM ACCOUNTANT FIRM FINANCIAL AUDIT SERVICES SERVICES

Tender Overview

The Small Industries Development Bank of India (SIDBI) seeks an Audit Firm/CA Firm to serve as Concurrent Auditors for Head Office Verticals at SIDBI, Lucknow, Uttar Pradesh. The opportunity targets firms capable of delivering statutory and internal audit support across SIDBI's head office domains. Estimated contract value is ₹50,00,000 with a flexible scope up to 25% as per the Buyer’s terms. The assignment emphasizes compliance, process integrity, and risk assessment across multiple verticals, with a focus on timely audit reporting and value-add in financial controls. This tender requires adherence to the bidder formats and terms uploaded in the RfP document. Unique aspects include the broad audit scope within SIDBI’s head office framework and the 25% quantity/duration adjustment provision, enhancing bid adaptability for fluctuating workloads.

Technical Specifications & Requirements

  • Organization: Small Industries Development Bank of India (SIDBI)
  • Location: Lucknow, Uttar Pradesh (PIN 226001)
  • Product/Service: Concurrent Audit Services for SIDBI Head Office Verticals
  • Estimated Value: ₹50,00,000 (no EMD amount specified in data)
  • Bid Scope: Audit of internal controls, compliance, and financial processes; delivery aligned to SIDBI formats and timelines
  • Flexibility Clause: Up to 25% increase/decrease in contract quantity or duration per the Buyer’s option
  • Documents/Formats: Bid must follow RfP formats uploaded with the tender; refer to attached SOW
  • Eligibility: Audit firms/CA firms with capacity to perform concurrent audits within a financial institution context

Terms, Conditions & Eligibility

  • EMD: Not specified in available data; bidders should verify in the RfP
  • Scope of Work: Refer to detailed RfP/SOW attachment; bidder to prepare bids as per formats provided
  • Delivery Timelines: Timelines aligned to SIDBI requirements in the RfP; contingency adjustments allowed via 25% clause
  • Payment Terms: Not disclosed in available data; bidders must consult the RfP for payment modality
  • Warranty/Support: Not specified; terms to be detailed in RfP/SOW
  • Bid Adjustments: 25% variation in quantity/duration permitted at contract issuance and during execution

Key Specifications

  • Audit Type: Concurrent Audit for SIDBI Head Office Verticals

  • Estimated Value: ₹50,00,000

  • Location: Lucknow, UP

  • Contract Flexibility: 25% scope variation

  • Qualification: Audit Firm or CA Firm with relevant financial institution audit experience

  • Documentation: Bid formats specified in RfP/SOW attachment

Terms & Conditions

  • 25% contract quantity/duration adjustment permissible

  • Bidder to follow RfP-provided formats and SOW

  • EMD and payment terms to be confirmed in the RfP

Important Clauses

Payment Terms

Payment terms to be detailed in the RfP/SOW; bidders must align with SIDBI procurement policies

Delivery Schedule

Audit deliverables to align with SIDBI reporting cycles; timelines specified in RfP/SOW; 25% variation allowed

Penalties/Liquidated Damages

Penalties, if any, to be stated in the RfP; may include timely reporting and quality benchmarks

Bidder Eligibility

  • Registered audit firm or CA firm with demonstrable concurrent-audit experience in financial institutions

  • Ability to deploy resources for SIDBI head office verticals in Lucknow, UP

  • Compliance with statutory GST, PAN, and financial disclosures; submission per RfP formats

Additional Tender Data

Commercial Details

Tender Category

Service

Bid To RA

No

Bid To RA Enabled

No

Item Category

Financial Audit Services - Appointment of Concurrent Auditors for Head Office Verticals of SIDBI; Audit Firm, CA Firm

Advisory Bank

State Bank of India

ePBG Percentage

5%

ePBG Duration (Months)

39

Payment Timelines

Payments shall be made to the Seller within 30 days of issue of service delivery acceptance certificate (SDAC) and on-line submission of bills (This is in supersession of 10 days time as provided in clause 12 of GeM GTC)

Pre-Bid & Qualification

Pre-Bid Date

21-07-2026 11:00:00

Pre-Bid Venue

Join: https://teams.microsoft.com/meet/46417492211035? p=Eil7yje1lWTN8noJUn Meeting ID: 464 174 922 110 35 Passcode: f3em285t

Delivery Details

Delivery Locations

1

Delivery Cities

Lucknow

Delivery Pincodes

226001

Delivery Locations

ConsigneeAddressCityStatePincodeQuantityDelivery DaysAdditional Requirement
Aaquil Sharaf226001,Small Industries Development Bank of India (SIDBI), SIDBI Towers, 15, Ashok MargLucknowUttar Pradesh226001Project / Lumpsum Based--

Authority Records

MINISTRY OF FINANCEFINANCIAL SERVICES DEPARTMENT

BID & GeM Expert Consultancy

End-to-end support — bid preparation, GeM registration, document filing & compliance by industry experts.

Bid Preparation GeM Registration Document Filing

Free consultation · 24h response

Documents 5

GeM-Bidding-9606084.pdf

Main Document

Other Documents

OTHER

Other Documents

OTHER

GEM General Terms and Conditions Document

GEM_GENERAL_TERMS_AND_CONDITIONS

GEM General Terms and Conditions Document

GEM_GENERAL_TERMS_AND_CONDITIONS

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Required Documents

1

GST Registration Certificate

2

Permanent Account Number (PAN) Card

3

Experience Certificates of similar concurrent-audit assignments

4

Auditors' Firm Registration/Partnership Certificate

5

Financial Statements (last 2-3 years)

6

Technical Bid Documents as per RfP formats

7

OEM/Authorisation (if applicable) and any necessary certifications

8

EMD-related documents (as applicable per RfP)

Frequently Asked Questions

Key insights about UTTAR PRADESH tender market

How to bid for concurrent audit services in Lucknow for SIDBI?

Bidders must submit bid in the RfP formats, attach GST, PAN, and experience certificates, and ensure compliance with the 25% contract variation clause. The bid should cover SIDBI head office vertical audit coverage, with delivery aligned to internal reporting cycles.

What documents are required for SIDBI concurrent audit procurement in Lucknow?

Submit GST registration, PAN, two to three years of financial statements, experience certificates for similar audits, firm registration, technical bid per RfP, and any OEM authorizations if applicable. Include bid formats exactly as specified in the RfP/SOW.

What is the estimated value and scope for SIDBI Lucknow audit?

The estimated contract value is ₹50,00,000 for concurrent audit services across SIDBI head office verticals in Lucknow, with scope expandable by up to 25% as per the buyer's clause.

What are the eligibility criteria for SIDBI concurrent auditors 2026?

Eligible bidders must be registered audit firms or CA firms with demonstrated experience in concurrent audits of financial institutions, capability to deploy resources in Lucknow, and compliance with GST and financial disclosure requirements per the RfP.

What are the delivery and reporting expectations for SIDBI audit?

Auditors must adhere to SIDBI reporting cycles, provide timely audit reports, and ensure process compliance across head office verticals. The 25% variation clause allows adjustments to workload and duration.

What payment terms are typical for SIDBI audit contracts in Lucknow?

Payment terms will be specified in the RfP/SOW; bidders should expect standard government procurement patterns with milestone-based payments upon acceptance of deliverables and compliance checks.

How does the 25% variation clause impact the SIDBI bid for audits?

The buyer can adjust contract quantity or duration by up to 25% at issuance and during execution. Bidders must accept revised scope and understand potential workload changes while maintaining deliverable quality.

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