Title: Financial Advisory Services - GEM/2025/B/6169807
The Financial Advisory Services tender, identified by the reference number GEM/2025/B/6169807, is being issued by the Department of Sports, under the Ministry of Youth Affairs and Sports. This tender aims to solicit proposals for providing specialized financial advisory services, particularly emphasizing the role of a Chartered Accountant.
Scope of Work and Objectives
The primary objective of this tender is to engage a qualified Chartered Accountant who can deliver comprehensive financial advisory services. The scope includes, but is not limited to:
- Financial analysis and forecasting
- Budget preparation and monitoring
- Financial reporting in compliance with statutory requirements
- Taxation consultancy
- Assistance with financial audits
- Strategic financial planning
Successful bidders are expected to demonstrate their capacity to assist the Department of Sports in achieving its financial goals while ensuring transparency and accountability in all transactions.
Eligibility Criteria
Eligible bidders must meet certain criteria which include being a registered entity in India. The requirement for registration with relevant authorities, including a valid Chartered Accountant registration, is paramount. Potential participants must also demonstrate substantial experience in delivering financial advisory services, particularly to government entities or public sector organizations.
Technical Requirements
Bidders must provide evidence of their technical capabilities, including but not limited to:
- Relevant licenses and certifications for financial professionals
- Experience with similar projects
- Detailed methodology and approach for delivering the required services
- Profiles of the assigned personnel, including qualifications and experience
Financial Requirements
Bidders need to provide a comprehensive financial proposal detailing cost estimates, including any applicable taxes. All financial documents must adhere to the stipulated guidelines to ensure compliance and facilitate proper evaluation of the bids.
Document Submission Details
All submissions must be made electronically through the designated procurement portal with strict adherence to the submission guidelines. Required documents include:
- Completed bid form
- Financial proposal
- Relevant supporting documents showcasing eligibility and experience
Special Provisions
This tender asserts a commitment to fostering opportunities for Micro, Small, and Medium Enterprises (MSEs) and startups. Bidders who qualify as MSEs may receive benefits as laid out in the governmental guidelines, aimed at promoting inclusivity and support for burgeoning businesses.
Evaluation Process
The evaluation of bids will be conducted based on technical and financial scoring methodologies, ensuring a fair assessment. Factors considered in the evaluation process will include the quality of the proposal submitted, expertise in the required services, and the overall cost-effectiveness of the solution provided.
Delivery Locations
The services will primarily be delivered at the Department of Sports' offices and relevant venues as required. Bidders should factor in logistics when submitting their proposals.
Contact Information
For any queries related to this tender, interested parties can refer to the contact details provided in the official procurement announcement.
This tender represents a significant opportunity for qualified financial advisory service providers to partner with the government in enhancing financial governance in the sports sector.
General Information
Financial Information
Evaluation and Technical Information
Tender Documents
3 DocumentsDocuments Required from Seller
- Experience Criteria
- Bidder Turnover
- Certificate (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, particularly a Chartered Accountant with recognized credentials. Bidders must demonstrate their proficiency through relevant experience, easily validated by previous contracts or partnerships with government agencies. Additionally, entities must possess valid licenses and adhere to all regulatory stipulations related to the provision of financial advisory services, ensuring compliance with professional standards.
Potential bidders must submit various required certificates, such as valid registration certificates with the Institute of Chartered Accountants in India, GST registration, and any relevant compliance documents that attest to their operational legitimacy. These documents signal the bidder’s commitment to upholding the quality and legality of the services offered, aligning with the tender’s standards.
The registration process involves creating an account on the procurement portal specified in the tender documentation. Once registered, bidders must complete the application form, upload necessary documents, and comply with all submission criteria laid out in the tender. Ensuring all information is accurate and submissions are complete is crucial to advance in the bidding process.
Submission methods require all documents to be submitted electronically via the designated procurement portal. Hard copies are typically not accepted unless explicitly stated. Bidders should ensure that all submissions are complete, properly signed, and formatted as per specified guidelines to avoid disqualification.
Yes, there are notable benefits for Micro, Small, and Medium Enterprises (MSEs) within this tender process. MSEs may receive preferential treatment during the evaluation phase, as well as potential financial assistance and allowances aimed at fostering participation from small and emerging entities in government contracts, thereby paving the way for their sustainable growth in the competitive financial advisory sector.
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