Financial Audit Services - Department of Health Research

Financial Audit Services - Review of Financial Statements, Audit report, Financial Reporting Framew

Service
Qty:NaN
EST Bid: ₹1.5 Lakh

Tender Timeline

Tender Issue
June 17, 2025 at 11:26 AM

Tender Description

Tender Title: Financial Audit Services

Reference Number: 325e075b1

The Department of Health Research, under the Ministry of Health and Family Welfare, is inviting tenders for Financial Audit Services aimed at the Review of Financial Statements, preparing the Audit Report, and ensuring compliance with the Financial Reporting Framework. This tender presents an exciting opportunity for qualified vendors with expertise in financial auditing, particularly those familiar with regulatory standards and reporting norms.

Scope of Work and Objectives

The primary objective is to engage a professional audit firm or Chartered Accountant (CA) firm that is CAG Empaneled to conduct comprehensive financial audits. The selected firm will be responsible for reviewing financial statements, preparing an audit report, and ensuring that all aspects of financial reporting comply with existing laws and regulations. The audit services will encompass delivering a thorough investigation of accounting practices, verifying compliance expenses, and ensuring the accuracy of financial representations.

General Information

Item Category
Financial Audit Services - Review of Financial Statements, Audit report, Financial Reporting Framework; Audit Firm, CA Firm, CAG Empaneled Audit or CA Firm

Financial Information

Estimated Bid Value
₹1,50,000.00
Minimum Turnover
₹1.00 Lakh (s)
Bid Offer Validity
110 (Days)
Arbitration Clause
No
Mediation Clause
No

Evaluation and Technical Information

Evaluation Method
Total value wise evaluation
Inspection Required
No
Technical Clarifications Time
3 Days

Tender Documents

3 Documents
GeM-Bidding-7974939.pdfMain Document
Buyer uploaded ATC documentATC ATC
GEM General Terms and Conditions DocumentGEM_GENERAL_TERMS_AND_CONDITIONS

Documents Required from Seller

  • Experience Criteria
  • Bidder Turnover
  • Certificate (Requested in ATC)
  • Additional Doc 1 (Requested in ATC)
  • Additional Doc 2 (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

Frequently Asked Questions

The eligibility requirements include being a registered audit firm or Chartered Accountant (CA) firm, along with being CAG Empaneled. Auditors should possess the necessary qualifications and certifications in financial auditing, as well as demonstrate experience in handling financial statements and audits, particularly within government sectors.

Eligible bidders must provide recognized certification as Chartered Accountants or as registered Audit Firms. Furthermore, vendors must present evidence of being CAG Empaneled and should furnish copies of valid operational licenses or regulatory credentials as part of their submission package.

Firms interested in participating must register through the government procurement portal designated for this tender. The registration process typically involves filling out a form, providing all necessary documentation including firm details and certifications, and completing any required verification steps to be considered for submission.

The proposals must be submitted electronically, including required technical documents, financial statements, and proof of eligibility certificates. Accepted document formats usually include PDF or Word formats. It is essential to ensure that all files are properly formatted and named as per the tender guidelines to avoid submission errors.

MSEs may benefit from relaxed eligibility criteria, which aims to encourage small and medium businesses to compete fairly. Additionally, there may be special considerations in the evaluation process, potentially offering priority to MSE bidders. This initiative enhances the active participation of MSEs in vital public sector auditing services and supports local businesses.

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