Contract & Procurement Tender by Bengal Gas Company Limited (GEM/2025/B/6142477)
Financial Audit Services - As per ATC Document; Audit Firm, CA Firm
Tender Timeline
Tender Title: Financial Audit Services
Reference Number: GEM/2025/B/6142477
Issuing Authority: Ministry of Petroleum and Natural Gas
Department: Contract & Procurement
The Financial Audit Services tender invites qualified auditing firms to provide comprehensive financial audit services as specified in the ATC Document. The scope of work encompasses a full audit of financial statements, compliance with statutory requirements, and providing resources to improve the quality and efficiency of financial reporting. This serves to ensure transparency and accountability in financial management within the Ministry of Petroleum and Natural Gas.
Scope of Work and Objectives
The primary aim of this tender is to engage an authorized audit firm or chartered accountant (CA) firm capable of performing detailed financial audits. Key objectives include:
- Ensuring true and fair representation of financial health and adherence to the reporting framework.
- Enhancing compliance with applicable laws and regulations.
- Offering recommendations to improve internal controls and risk management.
Eligibility Criteria
To be considered for this tender, participants must meet the following eligibility criteria:
- Be a registered entity under the relevant legal provisions.
- Have a valid license to operate as an audit firm or CA firm.
- Demonstrate prior experience with audits concerning government departments or large organizations.
- Possess the necessary professional certifications and qualifications.
Technical Requirements
Participants must showcase their adherence to the following technical requirements:
- Provide detailed profiles of audit team members including their qualifications.
- Submit past audit reports and client testimonials to validate expertise.
- Follow prescribed standards as per the ATC Document outlined for comprehensive auditing.
Financial Requirements
Financial stability is critical, and bidders must provide:
- Evidence of sound financial health through audited financial statements for the past three years.
- Adherence to all applicable tax laws and regulations.
- A declaration regarding any dues or defaults with regulatory authorities.
Document Submission Details
Bidders must compile and submit all relevant documents in the specified format before the submission deadline. Essential documentation includes:
- Proposal outlining firm capabilities, methodologies employed, and anticipated timelines.
- Proof of eligibility criteria met as outlined above.
- Any additional documents specified in the tender requirements.
Special Provisions
The tender encourages participation from Micro, Small, and Medium Enterprises (MSEs) and startups. These entities may receive support to enhance their competitive edge in the bidding process, promoting sustainable development in line with government initiatives.
Evaluation Process
The evaluation will be based on the technical capabilities, financial strength, and overall responsiveness to the tender requirements. Criteria include:
- Quality and depth of the presented audit methodology.
- Proposed timelines.
- Cost effectiveness of the bid.
Delivery Locations
Services will be rendered primarily at the Ministry of Petroleum and Natural Gas offices, with potential for other specified locations as required.
Contact Information
For any queries regarding this tender, please contact the Ministry of Petroleum and Natural Gas or the responsible procurement department as indicated in the tender documents.
General Information
Financial Information
Evaluation and Technical Information
Tender Documents
3 DocumentsDocuments Required from Seller
- Experience Criteria
- Certificate (Requested in ATC)
- Additional Doc 1 (Requested in ATC)
- Additional Doc 2 (Requested in ATC)
- Additional Doc 3 (Requested in ATC)
- Additional Doc 4 (Requested in ATC) *In case any bidder is seeking exemption from Experience / Turnover Criteria
- the supporting documents to prove his eligibility for exemption must be uploaded for evaluation by the buyer
Similar Tenders
Frequently Asked Questions
The eligibility requirements include being a registered entity, holding a valid license as an audit firm or CA firm, and prior experience in conducting audits for governmental departments or large organizations. Bidders must also possess necessary professional qualifications and certifications applicable to the financial auditing sector.
Participants must submit valid certificates confirming their registration as an audit entity, professional qualifications of team members, and compliance with relevant statutory requirements, including tax filings. It is critical to provide evidence of adherence to industry standards throughout the auditing process to ensure compliance and credibility.
The registration process involves preparing a comprehensive proposal that outlines your firm’s capabilities and experience, as well as submitting necessary documentation that portrays your eligibility. Ensure to submit all required forms in the accepted format as described in the tender documentation to avoid disqualification during evaluation.
The Earnest Money Deposit (EMD) must be submitted alongside your proposal to confirm bid seriousness and intent. Additionally, upon contract award, a performance security will be required from the selected bidder, ensuring fulfillment of contractual obligations and compliance with the service delivery standards as outlined in the agreement.
Yes, the tender promotes participation from Micro, Small, and Medium Enterprises (MSEs) and startups. These entities may receive special assistance to enhance their competitive position in the bidding process, consistent with government initiatives aimed at fostering entrepreneurship and local economic development within the financial auditing space.
Probable Bidders
Get Tender Alerts
Get notifications for similar tenders