Tender Title: Financial Audit Services - Review of Financial Statements, Financial Reporting Framework, Audit Report

Reference Number: GEM/2025/B/6126878

Issuing Authority: Ministry of New and Renewable Energy

The Ministry of New and Renewable Energy is inviting bids for providing Financial Audit Services. This tender specifically focuses on the review of financial statements, adhering to relevant financial reporting frameworks, and producing comprehensive audit reports. The objective is to ensure transparency, accountability, and compliance in financial operations, reinforcing the integrity of financial statements associated with projects funded by the Ministry.

Scope of Work and Objectives

The awarded service provider will be responsible for performing detailed audits of financial records and documentation, ensuring that financial statements accurately reflect the ministry's economic activities. Key responsibilities include:

• Conducting audits in compliance with statutory requirements.
• Preparing audit reports that comply with the applicable financial reporting frameworks.
• Ensuring that all financial operations of the Ministry are transparent and in alignment with national audit standards.

Eligibility Criteria

To be eligible for bidding, the entities must meet the following criteria:

• Be a registered legal entity or firm.
• Possess experience in providing financial audit services.
• Be registered with the CAG (Comptroller and Auditor General) as an empaneled audit firm.
• Provide evidence of prior engagement in similar audits, demonstrating competence and capability.

Technical Requirements

Bidders must comply with the following technical specifications:

• Deliverables must adhere to the prescribed financial reporting frameworks established by national regulations.
• Documentation showing compliance with quality standards in auditing procedures.
• Capability to implement efficient compliance measures throughout the audit engagement.

Financial Requirements

Bidders must provide a clear outline of financial resources and pricing structures, demonstrating stability and capability to deliver the expected services without financial hindrance. Pricing must include all costs without hidden charges to ensure transparency.

Document Submission Details

All bid documents must be submitted electronically, complying with the formatting requirements outlined in the tender documents. Bidders are required to include the following in their submissions:

• Technical proposal detailing the approach and methodology.
• Financial proposal outlining the proposed fees for services rendered.
• Relevant certificates demonstrating eligibility and compliance with the eligibility criteria.

Special Provisions

This tender encourages participation from Micro, Small, and Medium Enterprises (MSEs) and startups, aiming to promote inclusivity and support local industry growth. Special provisions include:

• Preferential treatment in bid evaluations for MSEs.
• Advisory services available for new startups interested in participating.

Evaluation Process

The evaluation of bids will be conducted based on technical and financial assessments. Key aspects of the evaluation process include:

• Rigorously checking qualifications and experience against eligibility criteria.
• Financial viability and cost-effectiveness of the proposed services.
• Adherence to timelines and quality standards established in the tender documents.

Delivery Locations

The services will be required for entities under the purview of the Ministry of New and Renewable Energy, with specific locations determined based on operational needs within the ministry.

Contact Information

Direct inquiries related to this tender can be addressed to the Ministry of New and Renewable Energy. All communications must comply with the submission guidelines and be sent via official channels.