Department of Health and Family Welfare Tender by North Eastern Indira Gandhi Regional Institute Of Health And Medical Sciences (neigrihms) (GEM/2025/B/6119288)
Financial Audit Services - Review of Financial Statements, Financial Reporting Framework, Audit rep
Tender Timeline
Tender Title: Financial Audit Services
Tender Reference Number: GEM/2025/B/6119288
Issuing Authority
The Department of Health and Family Welfare under the Ministry of Health and Family Welfare is the official body issuing this tender.
Scope of Work and Objectives
The primary objective of this tender is to procure Financial Audit Services focusing on the comprehensive review of financial statements and adherence to established financial reporting frameworks. The selected service provider will be responsible for conducting a thorough audit and preparing detailed audit reports, in compliance with the standards required by the Ministry. This service encompasses ensuring accurate financial reporting and adherence to best practices in the field.
Eligibility Criteria
To qualify for participation in this tender, bidders must meet several criteria:
- Being a registered CAG Empaneled Audit or Chartered Accountant (CA) Firm.
- Demonstrated experience in conducting financial audits in alignment with government regulations.
- Compliance with all statutory requirements.
Technical Requirements
Bidders must possess the following technical capabilities:
- Established credentials and licenses confirming their status as a CAG empaneled or registered CA Firm.
- Proficiency in financial reporting and auditing standards relevant to government financial processes.
Financial Requirements
Bidders are required to provide evidence of their financial stability to ensure they can effectively fulfill the contract. This may include:
- Submission of annual reports or financial statements for the last financial year.
- Demonstration of capability to manage the financial transaction processes involved in the audit services.
Document Submission Details
All required documents, including technical and financial bids, must be submitted electronically through the designated platform. Bidders must adhere to submission guidelines as specified in the tender documentation to ensure completeness and validity of their bids.
Special Provisions
This tender may contain provisions that support Micro, Small, and Medium Enterprises (MSEs), aligning with governmental policies aimed at bolstering small businesses in the auditing field. Details of any special benefits provided to startups will also be specified in the tender documents.
Evaluation Process
Evaluation of bids will be conducted based on:
- Technical proficiency and prior experience in financial audits.
- Financial proposals submitted within stated guidelines.
- Compliance with statutory and technical requirements.
The evaluation process is aimed at selecting the most qualified bidders who demonstrate the capacity to deliver the required services effectively.
Delivery Locations
Services rendered under this tender will primarily be executed at locations specified by the Department of Health and Family Welfare. Specific delivery points will be confirmed upon contract award.
Contact Information
For any clarifications regarding this tender, bidders can reach out to the responsible department using the contact methods provided in the official tender documentation.
General Information
Financial Information
Evaluation and Technical Information
Tender Documents
4 DocumentsDocuments Required from Seller
- Experience Criteria
- Bidder Turnover
- Certificate (Requested in ATC)
- OEM Authorization Certificate
- 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, specifically a CAG Empaneled Audit or Chartered Accountant Firm. Bidders must also demonstrate past performance in conducting audits as per government standards, ensuring compliance with statutory regulations.
The technical specifications mandate that bidders must have proven credentials in conducting audits, specifically involving financial reporting frameworks and standards set by regulatory authorities. Competence in major financial auditing principles is essential, along with the ability to produce detailed and compliant audit reports.
The Earnest Money Deposit (EMD) is a required prerequisite for submission, which serves to secure the bid against commitment defaults. Upon contract award, a performance security may also be required, typically quantified as a percentage of the contract value, based on prevalent government policies, to ensure contract fulfillment.
The evaluation process involves scrutinizing technical proposals for compliance with required criteria, alongside meticulous assessment of financial bids. Key factors influencing evaluation include the firm’s experience, proposed auditing approach, and cost-effectiveness, with transparency upheld throughout selection.
Yes, the tender contains specific provisions aimed at enhancing participation from Micro, Small, and Medium Enterprises (MSEs). These include potential relaxations in eligibility criteria and favorable consideration during the evaluation phase, promoting inclusive business practices in accordance with government initiatives.
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