Financial Audit Services - Risk-Based Internal Audit

The eligibility requirements include being a registered entity, specifically Audit Firms or CA Firms that are CAG Empaneled. Bidders must demonstrate a strong background in providing audit services, particularly for public sector clients, showcasing their capability to manage financial audits effectively.

Bidders are required to present relevant professional certifications, such as CA (Chartered Accountant) or equivalent qualifications recognized by regulatory authorities. Additional supporting documents that demonstrate previous experience and compliance with applicable regulations may also be necessary.

Submissions must be made electronically via the designated tender submission platform. Bidders are required to upload their documents in specified formats, typically including PDF or Word formats. All submitted documents should be clearly labeled and organized to facilitate smoother evaluation.

The evaluation process will take into account various factors, including the technical proposal’s compliance with the specified requirements, the financial proposal’s competitiveness, and the firm’s prior experience with similar financial audits. Clear documentation of methodology and approach will also contribute to the overall scoring.

The tender promotes inclusivity by offering potential benefits for MSEs. These benefits may include waivers on certain fees, preferential evaluation criteria, or support initiatives aimed at fostering growth and participation of smaller firms in government tenders. Efficient compliance with ‘Make in India’ initiatives is also a favorable aspect considered during the evaluation process.