Department of Higher Education Tender by Indian Institute Of Management (iim) (GEM/2025/B/6170687)

Tender Title: Financial Audit Services - Statutory Audit and other Certification Services as per ATC and SOW; CAG

Reference Number: GEM/2025/B/6170687

Issuing Authority/Department: Department of Higher Education, Ministry of Education

The purpose of this tender is to solicit bids for Financial Audit Services, specifically focusing on Statutory Audit and other Certification services as specified in the Additional Terms and Conditions (ATC) and Scope of Work (SOW). This initiative aims to ensure adherence to financial regulations and maintain transparency in financial operations within educational institutions.

Scope of Work and Objectives

The primary objectives of this tender include:

• Engaging a qualified service provider for statutory audits of financial records.
• Ensuring compliance with the standards set by the Comptroller and Auditor General (CAG) of India.
• Enhancing the accuracy of financial reporting, thereby improving accountability.
• Providing certifications as required under applicable regulations and guidelines.

Eligibility Criteria

To qualify for this tender, bidders must meet the following criteria:

• Must be a CAG Empaneled Audit Firm or a Chartered Accountant (CA) Firm.
• Hold valid registrations with applicable professional bodies and regulatory authorities.
• Demonstrated experience in performing statutory audits for educational institutions or similar sectors.

Technical Requirements

Bidders are required to fulfill certain technical requirements, including but not limited to:

• Providing documented evidence of prior audit experience.
• Submitting profiles of qualified personnel who will be conducting the audit.
• Compliance with prescribed auditing standards and guidelines.

Financial Requirements

The financial proposal must detail:

• Comprehensive pricing for the services offered.
• A breakdown of costs associated with various components of the audit process.
• Inclusion of applicable taxes and any additional fees.

Document Submission Details

Interested parties must submit their bids along with the necessary documentation electronically through the prescribed portal. Key documents may include:

• Bid proposal.
• Proof of eligibility and compliance.
• Financial documentation as specified in the tender.

Special Provisions

This tender encourages applications from Micro, Small, and Medium Enterprises (MSEs) and startups by offering specific benefits that facilitate participation in such opportunities.

Evaluation Process

The evaluation of bids will be conducted based on a balanced approach taking into account both technical and financial proposals. Factors for consideration will include:

• Compliance with eligibility and technical criteria.
• Pricing competitiveness and clarity in financial documentation.
• References and prior successful audit engagements.

Delivery Locations

Services are expected to be delivered across various educational institutions under the jurisdiction of the Department of Higher Education.

Contact Information

For inquiries related to this tender, interested parties may refer to official communication channels as provided by the Department of Higher Education.