Tender Title: Financial Audit Services - Financial Reporting Framework, Audit report
Tender Reference Number: GEM/2025/B/6172422
Issuing Authority/Department: Rural Development Department Gujarat
The Rural Development Department Gujarat is inviting bids for the provision of Financial Audit Services. This tender is specifically designed to engage a qualified CA Firm that is empaneled with the CAG to conduct comprehensive audits that adhere to the Financial Reporting Framework. The primary objective of this tender is to ensure that financial reports and statements are accurate, transparent, and compliant with established standards.
Scope of Work and Objectives
The selected firm will be responsible for:
- Conducting thorough financial audits in accordance with the prevailing regulations.
- Preparing detailed audit reports that reflect the financial standings of the department.
- Collaborating with department officials to ensure the audit process is transparent and effectively communicated.
- Ensuring compliance with quality standards and adherence to audit timelines.
Eligibility Criteria
To qualify for this tender, bidders must:
- Be a registered and recognized CA Firm with robust experience in financial audits.
- Have a valid empanelment with the CAG and meet all associated regulatory criteria.
- Demonstrate past performance in similar audit assignments, emphasizing successful audit reports.
Technical Requirements
Bidders are required to provide:
- Evidence of prior audits performed, including references and contact information for verification.
- Profiles of assigned auditors, detailing their qualifications and relevant audit experience.
- A clear plan illustrating how the audit will be conducted, risks involved, and mitigation strategies.
Financial Requirements
Bidders must provide:
- A comprehensive breakdown of service fees and any applicable taxes.
- A detailed list of terms and conditions related to payment, including timelines for invoicing.
Document Submission Details
All documents related to the tender need to be submitted electronically through the designated government portal. A detailed checklist should accompany the submission to ensure all required documents are included.
Special Provisions
The tender provides special provisions for Micro, Small, and Medium Enterprises (MSEs) and Startups, promoting equitable access to opportunities in this sector. Incentives for these entities may include relaxed compliance requirements and preferential evaluation criteria.
Evaluation Process
Upon submission, bids will undergo a rigorous evaluation process based on:
- Qualification of the firm and auditors.
- Completeness and clarity of the proposal.
- Cost-effectiveness and value offered. The evaluation committee will assess submitted bids based on the aforementioned criteria ensuring fairness and transparency.
Delivery Locations
The audit services will primarily be conducted at various locations within Gujarat as specified by the Rural Development Department.
Contact Information
For queries related to this tender, contact details will be available through the official department pages. Ensure all communications are made in a professional manner adhering to the protocols established by the department.
Additional Information
Participating in this tender is an opportunity to contribute meaningfully to the governance of rural development financing in Gujarat. Interested firms are encouraged to read the tender documents thoroughly to understand all obligations and submission requirements to ensure compliance.
General Information
Financial Information
Evaluation and Technical Information
Tender Documents
5 DocumentsDocuments Required from Seller
- Experience Criteria
- Bidder Turnover
- Certificate (Requested in ATC)
- Additional Doc 1 (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 CA Firm that is empaneled with the CAG. Bidders must demonstrate significant experience in conducting financial audits and present evidence of past successful audit reports. Additionally, firms must ensure compliance with all applicable regulations and standards laid out by the Rural Development Department Gujarat.
Bidders are required to submit detailed profiles of auditors who will conduct the audit, showcasing their qualifications and relevant experience. They must also provide a comprehensive audit plan, outlining the methodology, scope, and approaches to risk management during the audit process. Compliance with relevant quality standards and adherence to the Financial Reporting Framework is imperative.
The EMD details will be outlined in the tender documents. Generally, the EMD is required to secure the bid and is refundable upon completion of the tender process. It ensures that only serious bidders participate, and specifics regarding the amount will be available within the official documentation of the tender.
Bidders must submit all documents electronically through the designated government procurement portal. Paper submissions are typically not allowed. Ensure that all required documents are uploaded correctly and in the specified formats to avoid disqualification.
This tender offers preferential treatment for Micro, Small, and Medium Enterprises (MSEs) and Startups, including potential exemptions from certain compliance requirements and support in the evaluation process. These provisions encourage local businesses to participate and foster economic growth in the region as part of the ‘Make in India’ initiative. Local content and procurement rules may also be considered to enhance participation.
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