Custom Bid for Services - MANAGEMENT AUDIT
Custom Bid for Services - MANAGEMENT AUDIT
Tender Timeline
Tender Title: Custom Bid for Services - MANAGEMENT AUDIT
Tender Reference Number: 19f48a373
Issuing Authority/Department: Department of Financial Services, Ministry of Finance
Introduction
The Custom Bid for Services - MANAGEMENT AUDIT aims to invite bids from qualified organizations for the provision of comprehensive management audit services. This initiative seeks to enhance operational effectiveness and improve financial governance within the associated entities under the Ministry of Finance.
Scope of Work and Objectives
The scope of work includes a detailed management audit covering various functions including, but not limited to, financial assessments, operational reviews, compliance checks, and risk management evaluations. The objective is to identify areas for improvement, ensure compliance with statutory regulations, and enhance the overall efficiency of the operations under the jurisdiction of the issuing authority.
Eligibility Criteria
Bidders must meet the following eligibility criteria to participate:
- Be a registered entity with relevant experience in management audits.
- Provide proof of successful audits conducted in the past.
- Hold appropriate certifications required to perform management audits.
Technical Requirements
Bidders are required to adhere to the following technical requirements:
- Detailed methodology for conducting audits.
- Qualified personnel (auditors) with relevant credentials and experience.
- Commitment to uphold quality standards throughout the audit process.
Financial Requirements
Bidders must demonstrate their financial capability by providing:
- Recent financial statements.
- Evidence of having the necessary funds or financial backing to conduct the audit.
Document Submission Details
Bidders should ensure that all required documents are submitted electronically through the designated portal. The submission should include:
- Completed bid form.
- Proof of eligibility.
- Technical proposal outlining the audit approach.
- Financial proposal indicating costs involved.
Special Provisions
There are specific provisions in place to support Micro, Small, and Medium Enterprises (MSEs) and startups:
- Preference may be given to MSEs to encourage participation.
- Startups can avail benefits as per government initiatives designed to promote new businesses.
Evaluation Process
The evaluation process will involve:
- Examination of submitted documents for compliance with eligibility criteria.
- Assessment of the technical proposals based on the defined evaluation metrics.
- Comparison of financial submissions to determine the most advantageous offer.
Delivery Locations
The delivery of services is required at various locations as specified by the Department of Financial Services, and it is essential to demonstrate logistical capability within the submitted proposals.
Contact Information
For further inquiries, bidders are encouraged to reach out through the official communication channels provided on the procurement portal.
This tender offers a valuable opportunity for qualified bidders to engage in meaningful management audit services that will enhance governance and operational efficiency.
General Information
Financial Information
Evaluation and Technical Information
Tender Documents
9 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
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Frequently Asked Questions
The eligibility requirements include being a registered entity, demonstrating prior experience in conducting management audits, and holding the necessary certifications. Bidders must also meet any specific conditions outlined in the tender documentation related to prior audits and financial standing.
Bidders are required to submit a detailed methodology for performing the management audit, including proposed timelines, auditor qualifications, and compliance with quality standards. Adherence to auditing guidelines and the ability to identify operational inefficiencies are critical components of the tender process.
Typically, the Earnest Money Deposit (EMD) is a specified monetary amount that serves as a bid security. It should be submitted alongside the bid documents and will be refunded to unsuccessful bidders following the completion of the selection process. The EMD amount should be stipulated in the tender documentation.
Bids must be submitted electronically through the designated procurement portal, adhering to file formats specified in the tender guidelines. Commonly accepted formats for document submissions include PDF and DOCX files to ensure easy accessibility and review by the evaluation committee.
The tender provides certain benefits and concessions for Micro, Small, and Medium Enterprises (MSEs), including potential price preference and eligibility for specialized support services. This initiative is in line with government efforts aimed at encouraging MSE participation in public procurement and fostering economic growth within the sector.
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