The tender titled GEM/2025/B/6178801 is issued by the Department of Commerce, under the Ministry of Commerce and Industry. This tender seeks submission from qualified and experienced firms for the provision of Financial Audit Services. The main objective of this tender is to perform a detailed review and finalization of financial statements for the EIA-Kochi for the fiscal year 2024-25.

Scope of Work and Objectives

The scope of work encapsulated in this tender includes:

• Reviewing financial statements for accuracy and compliance with applicable accounting standards.
• Conducting a thorough financial audit that ensures integrity and transparency in financial reporting.
• Providing an assessment of financial practices that highlights areas for improvement.

The chosen firm will be responsible for ensuring that the financial records reflect the true and fair view of the entity's financial performance and position.

Eligibility Criteria

To qualify for this tender, firms must adhere to the following eligibility criteria:

• Registration as a certified chartered accountant firm.
• Must be empaneled with the Comptroller and Auditor General (CAG) of India.
• Relevant experience in conducting financial audits for public or private sector entities.
• Prior experience with projects of similar size and scope in financial audit services.

Technical Requirements

The technical requirements include:

• The audit team must comprise qualified professionals with extensive experience in financial audits.
• Firms should demonstrate knowledge of current financial regulations and standards.
• Submission of a detailed audit plan followed by a timeline for the completion of audit activities.

Financial Requirements

Firms responding to this tender are expected to provide:

• A breakdown of proposed fees for the audit services including any applicable taxes.
• Clear payment terms and conditions outlining any upfront deposits or installment plans.
• Evidence of financial stability to undertake the contract.

Document Submission Details

All documents must be submitted electronically through the designated online portal. The submission should include:

• A completed tender application form.
• Proof of eligibility (including registration and CAG empanelment).
• Technical proposal outlining the approach and methodology.
• Financial bid detailing cost estimates and payment structure.

Special Provisions

Firms that qualify as Micro, Small, and Medium Enterprises (MSEs) or are classified as startups may benefit from special concessions during the evaluation process. These provisions may include price preference or relaxation in certain eligibility criteria.

Evaluation Process

The evaluation of submitted proposals will follow a structured approach, considering both technical and financial aspects. Bids will be assessed based on:

• Compliance with the technical requirements and eligibility criteria.
• Appropriateness of the proposed audit methodology.
• Cost-effectiveness of the financial bid.

Delivery Locations

The services will be rendered at the EIA-Kochi office location, with provisions for telephonic consultations and interim report submissions as needed.

Contact Information

For further inquiries, please reach out directly to the Department of Commerce. Ensure that all communication is directed through the official channels provided in the tender documents.