Industries and Mines Department Gujarat Tender by Commissioner Of Geology And Mining (GEM/2025/B/6172208)
Financial Audit Services - Audit report; CAG Empaneled Audit or CA Firm
Tender Timeline
Tender Title: Financial Audit Services
Reference Number: GEM/2025/B/6172208
Issuing Authority
The Financial Audit Services tender is being issued by the Industries and Mines Department, Gujarat. This department is responsible for overseeing various industrial initiatives and mandates across the state, and this tender is aimed at enhancing the transparency and accountability of financial operations within government-funded projects.
Scope of Work and Objectives
The scope of this tender involves procuring comprehensive financial audit services from qualified and CAG empaneled audit firms or chartered accountant (CA) firms. The main objectives are to ensure accurate financial reporting, compliance with applicable laws, and identification of financial discrepancies to foster better fiscal management and efficiency. The awarded firm will conduct audits, prepare reports, and provide recommendations based on their findings.
Eligibility Criteria
To be eligible for this tender, bidders must:
- Be a registered entity in India.
- Hold a valid CAG empanelment as an audit firm.
- Demonstrate prior experience in financial auditing, particularly in government projects.
Technical Requirements
Participating firms must fulfil specific technical requirements, including but not limited to:
- Proficiency in Indian accounting standards.
- Established quality control systems in place.
- Availability of qualified auditors with relevant experience.
Financial Requirements
Bidders are required to submit financial statements from the past three years, demonstrating stability and capacity to undertake the audit services requested in this tender. Compliance with GST, income tax returns, and other statutory payments must be evidenced through submitted documents.
Document Submission Details
All proposals and supporting documentation must be submitted in electronic format through the designated government e-marketplace (GEM) portal. Bidders should also ensure that their submissions meet the stipulated deadlines and include all mandatory forms.
Special Provisions
This tender includes provisions benefiting Micro, Small, and Medium Enterprises (MSEs) and startups. Preference will be given to these entities, encouraging participation and fostering local entrepreneurship within the auditing sector.
Evaluation Process
The evaluation will be conducted based on a predetermined criterion, which will include:
- Compliance with eligibility requirements.
- Technical capability and experience.
- Financial bid assessment.
A multi-level evaluation process will be implemented to ensure a fair and transparent selection of the winning bidder.
Delivery Locations
The audit services will primarily be delivered across various governmental sites within the state of Gujarat, as designated by the Industries and Mines Department.
Contact Information
For any inquiries related to this tender, potential bidders can reach out to the Industries and Mines Department, Gujarat. Contact details will be available on the GEM portal for direct communications.
This carefully structured approach aims to ensure that the selected audit firm meets the high standards set by the Gujarat government and is capable of delivering precise and comprehensive financial oversight.
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 under the laws of India, holding a CAG empanelment, and having demonstrable experience in financial auditing. Bidders should provide evidence of previous government audit projects and submit necessary documentation that attests to their capabilities and compliance with these criteria.
The technical specifications require that bidders are proficient in Indian accounting standards and possess robust quality control measures. The auditing teams must have qualified professionals with proven experience in financial audits. All firms must demonstrate their ability to comply with any applicable quality standards and regulations.
Bidders are required to provide an Earnest Money Deposit (EMD) along with their proposals. The payment terms for the project will be discussed and finalized upon contract award, ensuring transparency and accountability in financial transactions. The EMD will ensure the commitment of the bidders to the tender process, which will be released based on the contractual agreement and compliance with the tender conditions.
Bidders must submit their proposals through the designated GEM marketplace portal. Only electronic submissions will be accepted, which should include all requisite documents and forms specified in the tender notice. It is essential to adhere to the submission guidelines to avoid disqualification from the evaluation process.
Micro, Small, and Medium Enterprises (MSEs) are given priority in this tender. They are encouraged to participate based on relaxed eligibility norms and appealing terms. This initiative aligns with the government’s broader policies to promote inclusivity and strengthen the Make in India initiatives, fostering opportunities for localized service providers in the auditing sector.
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