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Tender Title: Chartered Management Accountant Services
Reference Number: e8a7b118
Issuing Authority: NMDC Limited (Ministry of Steel)
The Chartered Management Accountant Services tender has been issued by NMDC Limited under the Ministry of Steel. This tender seeks qualified bidders to provide professional finance and accounting services as defined in the scope of work outlined below. The services are essential for supporting the operational and financial management aspects of the Ministry's projects.
Scope of Work and Objectives
The primary objective of this tender is to acquire non-IT professional services that will encompass comprehensive financial management, accounting advisory, and related consulting services. The scope includes:
- Budget planning and allocation management.
- Financial reporting and analysis.
- Assistance in audits and compliance reviews.
- Financial forecasting and modeling.
- Cost management and financial strategy development.
Eligibility Criteria
To qualify for this tender, bidders must meet the following eligibility criteria:
- Must be a registered legal entity capable of providing the stated services.
- The bidder's team must consist of licensed Chartered Management Accountants with verifiable credentials.
- Previous experience in related services for government or large organizational sectors is highly favorable.
Technical Requirements
Bidders should adhere to the following technical requirements:
- Proven track record in delivering similar finance and accounting consultancy services.
- Availability of qualified staff with certifications relevant to chartered management accountancy.
- Capability to employ modern financial software in delivering services.
Financial Requirements
Bidders are expected to provide comprehensive documentation reflecting their financial stability and capability to undertake the services. Such documentation may include:
- Recent financial statements.
- Tax compliance certificates.
- Details of financial liquidity to support service delivery.
Document Submission Details
All submitted documents should be in PDF format to ensure consistent readability and accessibility. The bid submission should include:
- A technical proposal detailing the service delivery approach.
- Financial proposal indicating pricing structures and payment schedules.
Special Provisions
The tender offers special provisions promoting inclusivity:
- Micro, Small, and Medium Enterprises (MSEs) are encouraged to participate and will receive preferential consideration.
- Startups will also benefit from specific incentives designed to support new entrants in the finance and accounting domain.
Evaluation Process
The evaluation process will assess both technical and financial proposals. The criteria for evaluation include:
- Technical capability and previous experience.
- Compliance with the eligibility and technical requirements.
- Overall financial proposal including pricing and payment terms.
Delivery Locations
Services will primarily be delivered at the designated project sites as instructed by NMDC Limited. Flexibility in service delivery is expected to accommodate various project needs.
Contact Information
For further inquiries, please refer to the official NMDC Limited documentation to obtain accurate contact details. Any communication should be directed in accordance with the submission guidelines outlined in the tender documents.
This tender invites all eligible and qualified bidders to submit their proposals and is a significant opportunity for organizations capable of adding value in finance and accounting services within governmental projects.
General Information
Financial Information
Evaluation and Technical Information
Tender Documents
5 DocumentsDocuments Required from Seller
- 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
Corrigendum Updates
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Frequently Asked Questions
The eligibility requirements include being a registered legal entity, possessing a valid license as a Chartered Management Accountant, and demonstrating a proven track record of similar services in the government or corporate sector. Additionally, the team should include qualified personnel who can provide the required accounting advisory and support.
Bidders are required to provide several certificates during submission, including:
- Registration certificate of the bidding entity.
- Copy of valid Chartered Management Accountant licenses for team members.
- Tax compliance certificates ensuring adherence to all local regulations. These documents must be provided in PDF format.
During the registration process, bidders should ensure submission of relevant documents that verify their business capabilities, financial stability, and compliance with regulatory standards. Key documents necessary for registration include:
- Business incorporation information.
- Financial statements.
- Experience certificates from previous contracts.
The payment terms for the awarded tender will typically be outlined in the financial proposal submitted by bidders. Payments may be structured based on milestones achieved during the service delivery phase, and specific timelines for invoicing should be expected. Clarity in the payment structure will facilitate timely reimbursements for successfully completed services.
Yes, there are benefits specifically designed for Micro, Small, and Medium Enterprises (MSEs). MSEs participating in this tender can expect advantages such as relaxed financial criteria for bidding, preference in the evaluation process, and possible subsidies in consultation costs, aimed at promoting inclusivity and supporting MSE growth in government projects.
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