Contract Bidding Open For Financial Audit Services - Review of Financial Statements, Financial Reporting Framework, Audit rep in KOLKATA, WEST BENGAL

The eligibility requirements include being a registered legal entity in India, demonstrating prior experience in financial audit services, and possessing qualifications as a Chartered Accountant firm or being CAG empaneled. It is essential for bidders to provide documentation verifying their capability and previous work within the public sector to successfully qualify for this tender.

Bidders must adhere to specific technical specifications that require knowledge of the relevant financial reporting framework. This includes compliance with current auditing standards and quality control measures in financial assessments. The bidding firm should exhibit a comprehensive understanding of the auditing process and show evidence of qualified personnel dedicated to the project.

The payment terms associated with this tender will typically be defined post-selection, focusing on clear delineations of compensation tied to milestones achieved during the audit process. While specifics are to be detailed later, it is common for government contracts to include provision for invoicing upon completion of predefined stages of the audit.

Bidders are required to submit their proposals electronically through the specified online portal, ensuring all documentation is complete and aligned with the stipulated requirements. It is vital to follow all submission guidelines to ensure compliance with evaluation criteria, as incomplete applications may lead to disqualification.

MSEs have special provisions that aim to enhance accessibility and provide an equal opportunity in competing for government contracts. These benefits include potential advantages in evaluation scores and possibly adjusted financial commitments which aim to encourage the active participation of smaller enterprises in government tenders, aligning with policy goals.