IIT Lucknow Department of Higher Education Financial Advisory Services Tender 2026 Lucknow Uttar Pradesh IS 550/CA consultancy 2026
Bid Publish Date
18-Sep-2026, 6:34 pm
Bid End Date
09-Oct-2026, 7:00 pm
EMD
₹25,000
Value
₹5,31,000
Location
Progress
Key Highlights
- • Authored clause allowing 25% variation in contract quantity or duration at the time of contract issue
- • Onsite financial advisory services for compilation and finalization of FY 2026-27 accounts
- • Minimum ₹2 crore annual turnover in FY 2023-24 to FY 2025-26
- • At least 3 consecutive years of CA consultancy experience with IITs/NITs/IISERs/IISc/IIITs or Central Universities
- • Registered Office/Branch Office requirement in Lucknow, Uttar Pradesh
- • Deduction of ₹80,000–₹100,000 from the award payment for prior obligations to the existing service provider
- • Estimated contract value of ₹531,000 and EMD ₹25,000
- • No BOQ items; explicit focus on accounting and closeout processes
Tender Overview
The Indian Institute of Technology (IIT) Lucknow, Department of Higher Education, seeks onsite financial advisory services for the compilation and finalization of annual accounts for FY 2026-27. Estimated value is ₹531,000 with an EMD of ₹25,000. The assignment targets qualified CA consultants to support IIT-Lucknow’s financial closing processes, with a registered office/branch in Lucknow. A key differentiator is the mandatory prior experience with central technical institutes and universities, ensuring compatibility with IIT governance standards. The scope emphasizes precise accounting finalization and alignment to institutional requirements, with a 25% scope modification clause in the buyer’s terms.
Technical Specifications & Requirements
- Category: Financial Advisory Services – Onsite for compilation/finalization of annual accounts (FY 2026-27)
- Est. value: ₹531,000; EMD: ₹25,000
- Eligibility: ₹2 crore annual turnover in FY 2023-24, 2024-25, 2025-26; minimum 3 years continuous CA consultancy experience with IITs/NITs/IISERs/IISc/IIITs or Central Universities; registered office/branch in Lucknow
- Special clause: 25% contract quantity/duration variation allowed; deductions for prior service provider payments (₹80,000–₹100,000) at IIIT-L discretion
- Location: Lucknow, Uttar Pradesh; no BOQ items
Terms, Conditions & Eligibility
- EMD: ₹25,000 submission and validity as per tender terms
- Experience: 3+ years CA consultancy for IITs/NITs or equivalent central universities; evidence required
- Turnover: Minimum ₹2 crore in three consecutive financial years
- Delivery/Timeline: Onsite support for annual accounts compilation for FY 2026-27; terms include scope-adjustment up to 25%
- Office: Registered/branch office in Lucknow; GST/PAN and financial documents likely required
- Payment terms: Deductions for prior payments previously owed by existing provider
- Ensure readiness to align with IIT governance standards and audit requirements
Key Specifications
-
CA consultancy service for annual accounts FY 2026-27
-
Estimated value ₹531,000; EMD ₹25,000
-
Turnover requirement ₹2 crore (FY 2023-24 to 2025-26)
-
Minimum 3 years experience with IITs/NITs/IISERs/IISc/IIITs or Central Universities
-
Onsite delivery in Lucknow; 25% scope variation allowed
-
Payment adjustments for prior service provider up to ₹100k
Terms & Conditions
-
25% quantity/duration variation permitted during contract issuance and execution
-
Onsite financial advisory for annual accounts compilation FY 2026-27
-
Eligibility: ₹2 crore turnover and 3+ years IIT/NIT/Central University CA consultancy experience
Important Clauses
Payment Terms
Deduction of ₹80,000–₹100,000 from the contract payment for prior work by the existing service provider, at IIIT-L discretion
Delivery Schedule
Onsite support required for compilation and finalization of FY 2026-27 accounts; scope may be adjusted by up to 25%
Penalties/Liquidated Damages
Not explicitly detailed; deductions referenced for prior payments imply penalty-like adjustments
Bidder Eligibility
-
Turnover of at least ₹2 crore in three consecutive financial years (2023-24 to 2025-26)
-
Minimum 3 years CA consultancy experience with IITs/NITs/IISERs/IISc/IIITs or Central Universities
-
Registered Office/Branch in Lucknow, Uttar Pradesh
Tender Data
Bid Details
Quantity
1
Bid Type
Single Packet Bid
Bid Validity
30 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
Tech Clarification Time
2 Days
Preference & Exemptions
EMD Required
Yes
MII Compliance
Yes
MSE Exemption/Relaxation
No
Startup Exemption/Relaxation
No
Bid Splitting Applied
No
Requirements
Min. Avg. Annual Turnover
21
Experience Required
3 Year (s)
Additional Tender Data
Commercial Details
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
No
Item Category
Financial Advisory Services - Onsite; Compilation and finalization of annual accounts FY 2026-27
Advisory Bank
State Bank of India
ePBG Percentage
5%
ePBG Duration (Months)
16
Delivery Details
Delivery Locations
1
Delivery Cities
Lucknow
Delivery Pincodes
226002
Delivery Locations
| Consignee | Address | City | State | Pincode | Quantity | Delivery Days | Additional Requirement |
|---|---|---|---|---|---|---|---|
| Abhishek Kumar Verma | 226002,IIIT LUCKNOW, CHAK GANJARIA, BEHIND EKANA STADIUM, SHAHEED PATH, LUCKNOW, PIN CODE-226002 CONTACT NO: 8299514048, 8527014767 | Lucknow | Uttar Pradesh | 226002 | Project / Lumpsum Based | - | - |
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-9914880.pdf
Main Document
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
Categories
5
Required Documents
GST registration certificate
PAN card
Experience certificates for CA consultancy with IITs/NITs/Central Universities
Audited financial statements for last three financial years
EMD submission proof (DD/online payment receipt)
Technical bid/documentation showing methodology for annual accounts compilation
OEM/authorizations not applicable here; ensure local Lucknow registration details
Frequently Asked Questions
Key insights about UTTAR PRADESH tender market
How to bid for IIT Lucknow financial advisory tender 2026?
Bidders must meet eligibility: ₹2 crore turnover in 2023-24 to 2025-26, 3+ years CA consultancy with IITs/NITs/Central Universities, and a Lucknow registered office. Prepare EMD ₹25,000, GST/PAN, financial statements and CA service methodology. Submit onsite proposal detailing accounts compilation plan for FY 2026-27.
What documents are required for the Lucknow CA tender submission?
Submit GST certificate, PAN card, three years of audited financials, turnover evidence, CA consultancy experience certificates with IITs/NITs, and EMD receipt of ₹25,000. Include technical bid outlining approach for annual accounts compilation and finalization, and proof of Lucknow registration.
What are the eligibility criteria for CA consultants in this IIT tender?
Eligible bidders must show average annual turnover ≥ ₹2 crore across 2023-24 to 2025-26, and continuous CA consultancy experience of at least 3 years with IITs/NITs/Central Universities. Must have a registered office in Lucknow and provide prior project references.
What is the expected contract value and EMD for the Lucknow bid?
The estimated contract value is ₹531,000 with an EMD of ₹25,000. Vendors should ensure funds readiness and submit the EMD as part of the bid; the EMD demonstrates seriousness and eligibility to participate.
What delivery terms apply for the FY 2026-27 accounts finalization?
Onsite financial advisory support is required with potential scope variation up to 25%. Payments may be adjusted against prior provider liabilities ranging from ₹80,000 to ₹100,000, at IIIT-L discretion, affecting final settlement.
Which locations and offices are relevant for eligibility in this tender?
Bidders must have a Lucknow, Uttar Pradesh registered/branch office. All accounting work and liaison should occur onsite at IIT Lucknow facilities, aligning with local governance and auditing standards.
Are any standards or certifications required for CA services in this bid?
The tender emphasizes CA consultancy for IITs/NITs/Central Universities; while explicit IS standards are not listed, bidders should ensure compliance with professional CA norms and IIT audit practices, and provide relevant certifications and audit-ready methodologies.
What are the payment terms and potential penalties under this tender?
Payment may include deductions for prior service provider liabilities (₹80k–₹100k) and can involve scope-adjustment up to 25%. Ensure timely delivery of FY 2026-27 accounts and submission of all required documents to avoid delays or disputes.