Urban Transport Tender by Uttar Pradesh Metro Rail Corporation Limited (GEM/2025/B/6139248)
Financial Audit Services - Review of Financial Statements, Audit report, Financial Reporting Framew
Tender Timeline
The tender titled Financial Audit Services - Review of Financial Statements, identified by the reference number GEM/2025/B/6139248, is issued by the Ministry of Housing & Urban Affairs (MoHUA) under the jurisdiction of the Urban Transport department. This tender invites qualified bidders to submit proposals for comprehensive financial audit services, aiming to conduct thorough reviews of financial statements, audit reports, and compliance with financial reporting frameworks.
Scope of Work and Objectives
The primary objective of this tender is to ensure the effective evaluation of financial accountability and integrity within the relevant projects managed by the Ministry. The successful bidder will perform in-depth analysis and verification of the financial statements and audit reports, ensuring compliance with applicable financial reporting frameworks and standards.
Eligibility Criteria
To qualify for this tender, bidders must meet stringent eligibility requirements. These include being a registered entity, possessing the necessary qualifications and experiences in financial auditing, particularly as a CAG Empaneled Audit or CA Firm. This assures that bidders have the industry-recognized capabilities to conduct thorough financial audits.
Technical Requirements
Bidders are expected to demonstrate expertise in financial audit practices and familiarity with governmental auditing standards. The technical proposal must outline the firm's capabilities, including staff qualifications, previous audit experience, methodologies employed in audits, and adherence to compliance requirements.
Financial Requirements
The bidders should provide a detailed financial proposal that outlines the fees associated with the audit services, including any additional costs that may arise during the engagement. It will be critical for bidders to ensure that their pricing is competitive while maintaining high-quality service delivery.
Document Submission Details
Bidders must submit all required documents electronically through the designated procurement platform. Specific guidelines regarding the format and required documentation will be provided within the full tender documentation. It’s essential that submissions are complete, accurate, and meet all specified requirements to be considered eligible.
Special Provisions
This tender prominently encourages participation from Micro, Small, and Medium Enterprises (MSEs) and includes special provisions and benefits aimed at facilitating their involvement in government projects. Startups are also welcomed, thus promoting innovation and local business growth.
Evaluation Process
The evaluation process will be conducted to assess both technical and financial submissions, ensuring a transparent and fair selection of the winning bidder. Proposals will be reviewed based on a set criteria, which evaluates the bidder's experience, proposed methodologies, and value for cost.
Delivery Locations
The delivery of audit services covered in this tender will relate predominantly to projects managed by the Ministry and located throughout urban regions, as defined in the tender specifications.
Contact Information
For further inquiries regarding this tender, potential bidders can reach out to the ministry via the official channels provided within the tender documentation.
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 with experience in financial auditing, specifically as a CAG Empaneled Audit or CA Firm. Bidders must demonstrate their capability through proper documentation and past audit records.
Bidders must present relevant certificates that validate their experience and qualifications in financial auditing. This includes registration certificates, past audit reports, and any recognition from regulatory bodies that affirm their professional standing.
To register for the tender submission process, bidders should follow the online registration procedures outlined on the procurement platform. It typically involves creating an account, filling out necessary details, and submitting required documentation for verification.
Bidders must adhere to stringent technical specifications outlined in the tender documentation, including compliance with governmental auditing standards and demonstrating their methodology for conducting financial audits effectively.
Payment terms, along with performance security requirements, will be defined within the tender documentation. The award will primarily consider quality and value for money, focusing on the bidder’s ability to meet all specified criteria and offer competitive pricing.
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