Tender Description: GEM/2025/B/6324534
Financial Audit Services - Review of Financial Statements, Financial Reporting Framework, Audit rep
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Tender Description: c5b54638
The c5b54638 tender is initiated by the Ministry of Skill Development and Entrepreneurship aimed at procuring comprehensive Financial Audit Services. This tender encompasses the review of financial statements, adherence to the financial reporting framework, and the preparation of audit reports, specifically focusing on documents such as Form 24Q (Salary), Form 26Q (Non-Salary), and the issuance of Form 16 (Yearly) and Form 16A (Quarterly). This tender emphasizes compliance with existing regulations and standards for financial auditing.
Scope of Work and Objectives
General Information
Financial Information
Evaluation and Technical Information
Tender Documents
3 DocumentsDocuments Required from Seller
- Experience Criteria
- Bidder Turnover *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 for this tender include that the bidder must be a registered entity with the necessary professional qualifications to provide financial audit services. They must demonstrate prior experience in conducting similar audits and must be validated as empaneled with the CAG if applicable. Additionally, financial stability and a proven track record are essential for participation in the bidding process.
Bidders must submit all relevant certifications that establish their authenticity and operational capacity. This includes a valid registration certificate, proof of empanelment with CAG (if relevant), and all certifications that relate to compliance with financial auditing standards. These certificates assure the eligibility of the bidder and adherence to regulatory norms.
The registration process involves creating an account on the GEM portal, where bidders should provide relevant details and documents. For submission, all required documentation must be uploaded electronically by navigating through the portal’s user-friendly interface. A complete checklist will be provided to ensure all required documents are included to avoid disqualification.
An Earnest Money Deposit (EMD) is typically required to demonstrate a commitment to the bidding process. This deposit will be specified in the tender documents and must be submitted at the time of proposal submission. Failure to provide the EMD could lead to disqualification from the tendering process, highlighting its importance in maintaining competitive integrity.
Yes, MSEs can benefit significantly from this tender. Provisions may allow for reduced financial criteria for participation, enabling smaller firms to compete. The government encourages MSE involvement, promoting inclusivity and local enterprise participation in national contracts, aligning with the goals of enhancing local economies and fostering entrepreneurship.
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