Bids are Invited For Financial Advisory Services - Onsite; HIRING OF COST ACCOUNTING SERVICES FOR 02 YEARS

The eligibility requirements include being a registered entity with a minimum average annual turnover of ₹25 Lakh. Bidders must also possess a minimum of seven years of experienced in delivering similar services. Provisions are made for MSEs and startups, allowing exemptions from certain experience criteria.

Bidders are required to submit documentation that includes experience criteria, proof of the minimum average annual turnover, and any specific certificates requested in the tender documentation. This ensures that all candidates meet the compliance requirements established by the issuing authority.

To register for the tender, bidders must create an account on the specified tendering platform and provide all requested details accurately. Ensure all necessary documentation is uploaded according to the submission guidelines stated in the tender.

Bidders must adhere to the specifications provided in the tender documents concerning accepted document formats. Typically, PDFs and other standardized document formats are required to ensure compatibility with the evaluation process.

The technical specifications necessitate bidders to showcase their capability to provide onsite cost accounting services tailored for Armoured Vehicles Nigam Limited, emphasizing thorough knowledge of financial strategies and compliance with industry standards.

Services provided must comply with the standards set forth by the Ministry of Defence, focusing on quality, credibility, and meeting the stipulations outlined in the tender documentation regarding service delivery and financial advisory services.

Bidders must ensure compliance with all requirements as indicated in the tender documentation, including submission of accurate financial records, previous experience, and adherence to the regulatory standards relevant to financial advisory services.

The testing criteria will involve evaluating the effectiveness of the cost accounting methods implemented as well as the overall financial strategies proposed. These must align with the objectives set out in the tender documentation.

The EMD required for this tender is ₹170,000. This amount must be submitted as part of the proposal to ensure the seriousness of bids and adherence to the procedural guidelines laid out by the issuing authority.

Following the awarding of the contract, the successful bidder will be required to submit a performance security, which will be a percentage of the contract amount, serving as a safeguard for compliance and quality assurance during the contract term.

While specific payment terms will be defined in the contract, bidders should prepare for structured payments that are typically linked to the deliverables and milestones achieved throughout the period of service provision.

The evaluation of bids is conducted using a total value-wise assessment, which takes into consideration the overall pricing strategy and the quality of services offered, ensuring that the selected bid provides the best value for the expenditure.

Documents are to be submitted electronically via the tendering platform, ensuring that all submissions follow the specific digital protocols established in the tender guidelines, thus maintaining transparency and efficiency.

Results will be communicated directly through the tendering platform and published according to the outlined procedures in the tender documentation, ensuring that all bidders receive timely updates on the evaluation outcomes.

Micro, Small, and Medium Enterprises (MSEs) benefit from exemptions in the experience criteria, meaning they can participate without fulfilling the full experience requirements needed for larger firms, thus promoting diversity in bids.

The tender promotes adherence to 'Make in India' policies by encouraging local vendors to participate and prioritize the use of indigenous resources and expertise in providing the required services. This aligns with national objectives for promoting local production and services.