Tender Title: Financial Audit Services

Reference Number: GEM/2025/B/6109933

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

The Financial Audit Services tender aims to obtain expert auditing services to review financial statements and ensure compliance with relevant financial reporting frameworks. This initiative is directed towards enhancing the transparency and accountability of financial operations within educational institutions, thus fostering trust in financial reporting.

Scope of Work and Objectives

The scope of this tender encompasses the following key areas:

• Preparation and submission of an Audit report in accordance with the established Financial Reporting Framework.
• Comprehensive review of financial statements to ensure accuracy, completeness, and compliance with legal and regulatory requirements.
• Providing recommendations for financial management improvement based on identified discrepancies or areas of concern.

Eligibility Criteria

To participate in this tender, bidders must meet specific eligibility criteria including:

• Registration as a legal entity, capable of providing financial audit services.
• Accreditation or empanelment with the Comptroller and Auditor General (CAG) of India or equivalent certification.
• Demonstrated experience in delivering audit services for educational institutions or similar organizations.

Technical Requirements

Bidders are required to comply with the following technical requirements:

• Proven track record of financial audits conducted in the past five years, with at least two relating to the education sector.
• Staff members should hold qualifications as Chartered Accountants or equivalent, with adequate experience in auditing.

Financial Requirements

All bidders must adhere to the following financial requirements:

• Submission of a proposal detailing the financial bid and a breakdown of pricing for various services rendered.
• Proof of financial stability, including the last three years of financial statements.

Document Submission Details

Interested vendors must submit all requisite documents, including proposals and supporting certifications, electronically. Ensure that submission adheres to the specified formats and guidelines set forth in the tender documentation.

Special Provisions

The tender includes special provisions to encourage participation from Micro, Small, and Medium Enterprises (MSEs) and Startups. These entities may avail of benefits such as relaxed qualification requirements or financial assistance.

Evaluation Process

The evaluation of proposals will be conducted in a structured manner. Key considerations will include:

• Technical capabilities of the bidders, including experience and qualifications.
• Financial bid comparison against market standards and pricing structures.
• Compliance with eligibility and technical criteria.

Delivery Locations

The primary locations for service delivery will align with various educational institutions across the jurisdiction of the Department of Higher Education.

Contact Information

For further inquiries regarding this tender, participants are encouraged to refer to the official contact details provided in the official documentation.