Tender Title: Financial Audit Services - Audit Report; CA Firm

Tender Reference Number: f3dae4af

The Department for Promotion of Industry & Internal Trade, under the Ministry of Commerce and Industry, is inviting bids for Financial Audit Services. This tender aims to engage a qualified Chartered Accountant Firm to provide comprehensive audit services that will include the preparation of audit reports in compliance with all relevant standards and regulations.

Scope of Work and Objectives

The primary objective of this tender is to conduct an extensive financial audit of specified entities. The selected firm will be responsible for:

• Assessing the financial records and operational processes.
• Ensuring compliance with applicable financial regulations and standards.
• Delivering an audit report that outlines findings, recommendations, and areas for improvement.

This audit will play a crucial role in enhancing transparency and improving financial management within the department.

Eligibility Criteria

To qualify for participation in this tender, bidders must meet the following eligibility requirements:

• The bidder must be a registered Chartered Accountant Firm recognized by the necessary regulatory authorities.
• The firm should have experience in conducting financial audits for government or similar entities.
• The bidder must have valid certifications and licenses as per applicable laws.

Technical Requirements

Bidders are required to demonstrate their capabilities with respect to the following technical specifications:

• The auditing team should comprise qualified professionals with experience in financial audits.
• The firm must have an established system for quality assurance in audit processes.
• Adherence to the International Financial Reporting Standards (IFRS) and any other relevant auditing standards is mandatory.

Financial Requirements

Bidders must outline their financial proposals, which should include:

• Clear and transparent pricing for audit services.
• Any required fees or potential costs associated with the completion of audit reports.
• Proposals should be competitive and provide good value for the government.

Document Submission Details

Interested bidders must submit their technical and financial proposals in a specified format. The submission must be complete and include all required documents concerning eligibility and qualifications.

The tender documents should be submitted electronically through the designated online portal. Detailed guidelines about the submission process will be included in the tender documents.

Special Provisions

This tender encourages participation from Micro, Small, and Medium Enterprises (MSEs) and startups. Such enterprises can benefit from relaxations in some criteria and potential mentorship opportunities. Further specifics will be provided in the tender documents.

Evaluation Process

The evaluation process will focus first on the technical proposals. Qualifying bidders will then be evaluated on their financial bids. The selection criteria will be based on the following:

• Compliance with technical specifications and requirements.
• Demonstrated experience and expertise.
• Cost-effectiveness of the financial proposal.

The final selection will aim for the best value proposition for the government.

Delivery Locations

The services are required for various locations under the jurisdiction of the Department for Promotion of Industry & Internal Trade. Detailed information regarding the exact locations will be provided during the awarding process.

Contact Information

For further inquiries related to this tender, interested parties are encouraged to refer to the official website of the Department for Promotion of Industry & Internal Trade. Specific contact details for assistance may also be listed in the tender notice to facilitate communication.