Assam Valley Fertilizer And Chemical Company Ltd Financial Audit Services Tender Assam 2026
Progress
Quantity
1
Bid Type
Two Packet Bid
Categories
4
Tender Overview
Assam Valley Fertilizer And Chemical Company Ltd, operating under the Department Of Fertilizers, seeks Financial Audit Services as per the official SOW. The package involves auditing services for the organization in Assam, with a focus on compliance, financial accuracy, and governance. The procurement leverages GeM bid terms, including a flexible 25% scope/duration adjustment, and a standard 30-day payment term post receipt of the original invoice. The opportunity targets established audit firms with capability to deliver in line with the SOW, with no BOQ items published. This tender emphasizes adherence to contractual terms and timely, transparent audit reporting, rather than a fixed quantity-based deliverable. Unique aspects include the unilateral percentage adjustment clause and the GeM-based procurement flow, which governs submission, evaluation, and award processes.
Technical Specifications & Requirements
- Procurement category: Financial Audit Services as per SOW; audit firm engagement
- Scope feature: 25% price/quantity/duration adjustment allowed by buyer, with consent required for scope changes on lumpsum services
- Payment terms: 30 days from date of receipt of Original Invoice; standard GeM payment cadence applied
- No technical BIS/IS standards listed; no BOQ items published; terms rely on general audit standards aligned to SOW
- Submission and ATC considerations: bidders must accept GeM terms and the buyer-added ATC terms; no explicit EMD value stated
- Location: Assam; organization name as above; focus on financial governance and statutory audit compliance
Terms, Conditions & Eligibility
- EMD: Not specified in the tender data; bidders should verify GeM ATC requirements
- Payment terms: 30 days from receipt of Original Invoice
- Quantity/duration flexibility: up to 25% increase/decrease at contract issue; further adjustments allowed with consent for lumpsum contracts
- Payment obligations: compliance with GeM Bid terms and acceptance of all ATC clauses
- Documents: standard GeM bid submission and organization-specific ATC documents; no explicit EMD/experience thresholds provided in the data
- Delivery/Performance: governed by SOW; no fixed delivery milestones published in the data
- Warranties/Penalties: not detailed in the provided terms; penalties not specified
Key Specifications
-
Product/Service: Financial Audit Services as per SOW
-
Estimated value: Not disclosed in tender data
-
EMD: Not specified
-
Experience: Not specified in data; bidders should rely on SOW requirements
-
Standards: No explicit standards listed; expect adherence to general audit standards per SOW
Terms & Conditions
-
25% quantity/duration adjustment allowed by buyer at contract issue
-
Payment terms: 30 days from receipt of Original Invoice
-
Acceptance of GeM Bid Terms and ATC clauses is mandatory
Important Clauses
Payment Terms
Payment shall be made within 30 days from the date of receipt of Original Invoice.
Delivery Schedule
Delivery schedule is governed by the SOW; no fixed milestones provided in available data.
Penalties/Liquidated Damages
Not specified in the provided tender data; verify ATC document for any LD provisions.
Bidder Eligibility
-
Audit firms with experience in financial auditing for government/PSU entities
-
Capability to operate under GeM procurement terms and ATCs
-
Compliance with GST, PAN, and financial disclosures as part of bid submission
Additional Tender Data
Commercial Details
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
No
Item Category
Financial Audit Services - As per SOW; Audit Firm
Delivery Details
Delivery Locations
1
Delivery Cities
Kamrup Metro
Delivery Pincodes
781006
Delivery Locations
| Consignee | Address | City | State | Pincode | Quantity | Delivery Days | Additional Requirement |
|---|---|---|---|---|---|---|---|
| Anku Jyoti Borah | 781006,4th Floor, NEDFi House, Dispur, GS Road, Guwahati | Kamrup Metro | Assam | 781006 | 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 10
GeM-Bidding-9586620.pdf
Main Document
Other Documents
OTHER
Other Documents
OTHER
Other Documents
OTHER
Other Documents
OTHER
Other Documents
OTHER
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
🤖 AI-Powered Bidder Prediction
Discover companies most likely to bid on this tender
Required Documents
GST registration certificate
PAN card
Experience certificates (audit engagements in similar sectors)
Financial statements and turnover details
EMD/Security deposit documentation (as per ATC, if applicable)
Technical bid documents and methodology for financial audit
OEM authorizations (if any vendor-specific requirements exist in ATC)
Frequently Asked Questions
How to bid on the financial audit services tender in Assam Valley?
Bidders should submit through GeM, accept all GeM Bid Terms and ATCs, provide GST and PAN, and attach audit experience certificates. The contract allows up to 25% scope/duration adjustment, with 30-day payment after invoice receipt; ensure SOW alignment and submission of technical methodology.
What documents are required for the Assam Valley audit tender submission?
Submit GST certificate, PAN, prior audit experience certificates, financial statements, and EMD (if applicable per ATC). Include technical bid detailing audit methodology and compliance with SOW, along with any OEM authorizations if mandated.
What are the payment terms for this GeM-based audit contract?
Payment will be released within 30 days from the date of receipt of the Original Invoice. Ensure timely invoice submission and verify that all tax/compliance details are correct to avoid delays.
Are there any quantity or duration adjustments allowed in this audit contract?
Yes, the buyer may increase or decrease contract quantity or duration by up to 25% at the time of contract issue; post-issuance, adjustments remain capped at 25% with the service provider’s consent for lumpsum work.
What standards or special requirements apply to this audit procurement in Assam?
The tender data does not specify explicit standards; bidders should align with general audit governance norms per SOW and rely on GeM ATC terms. Confirm any required frameworks in the ATC document before submission.
What is the tender’s geographic and organizational context for bidding?
The tender is issued by Assam Valley Fertilizer And Chemical Company Ltd under the Department Of Fertilizers, targeting audit firms for financial audit services in Assam, with GeM-based procurement and SOW-directed scope.
How to verify eligibility for the Assam audit tender in 2026?
Verify GeM eligibility, confirm GST/PAN, gather prior government/PSU audit experience, assemble financial statements, and prepare technical bid with SOW-aligned methodology; ensure acceptance of 30-day payment and 25% scope-updation clause.
What documents must accompany the technical bid for this audit contract?
Include audit approach/methodology, past performance in similar engagements, team qualifications, and compliance certificates; attach GST, PAN, and any required OEM authorizations per ATC; ensure alignment with SOW and GeM terms.
Explore More Opportunities
Unlock Tender Documents
Sign up now to access all documents
Documents 10
GeM-Bidding-9586620.pdf
Main Document
Other Documents
OTHER
Other Documents
OTHER
Other Documents
OTHER
Other Documents
OTHER
Other Documents
OTHER
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