Financial Audit Services - Indian Renewable Energy Development Agency

The eligibility requirements include being a registered entity, specifically a Chartered Accountant (CA) Firm or a CAG Empaneled Audit Firm. Additionally, firms must demonstrate relevant experience in conducting forensic audits or similar financial audits. Compliance with all applicable laws and regulations is also mandatory.

Bidders are required to submit certificates of registration as a Chartered Accountant, CAG Empanelment certificates (if applicable), and any other relevant accreditation that signifies their capability and compliance with auditing standards. Financial statements demonstrating stability and past performance should also be included.

To register for this tender, bidders must prepare the necessary documents, including proof of registration, relevant experience, and financial statements. These must be submitted in the prescribed formats as specified in the tender documentation. It is crucial to ensure that all documentation is complete and complies with the stated submission requirements.

Payment terms will be outlined in the final contract following the selection of the winning bidder. Typically, the payment structure may include milestone payments based on the completion of audit phases or a lump sum payment upon final audit report approval. Specific terms will be confirmed upon contract commencement.

The evaluation and selection process will involve a comprehensive review of the proposals submitted by bidders. Factors include technical qualifications, past experience, compliance with submission criteria, and financial stability. Bidders will be scored on these criteria, with the highest-scoring entity being awarded the contract for financial audit services. Notifications regarding the results will be communicated directly to the bidders after the evaluation is complete.