Health And Family Welfare Department financial audit services -

audit report, financial reporting framework, review of financial statements; cag empaneled audit or ca firm.

Statutory Audit

ELIGIBILITY / EXPERIENCE REQUIREMENTS

Required Past Experience:

·         Minimum 3 years experience in similar services

·         Must have provided services to Central/State Govt/PSU

No Exemptions Granted:

·         No MSE exemption

·         No Startup exemption

Past Experience Criteria (Page 3):

Bidder must meet one of the following against the Estimated Value (₹1,30,000):

·         3 services ≥ 40% of estimated cost

·         2 services ≥ 50% of estimated cost

·         1 service ≥ 80% of estimated cost

 DOCUMENTS REQUIRED FROM SELLER

Bidder must upload:

·         Experience Criteria documents

·         Bidder Turnover proofs

·         Certificates requested in ATC

·         Additional Documents 1, 2, 3

·         Price Breakup (mandatory)

All documents will be visible to other bidders (buyer enabled this).

BID & EXTENSION RULES

·         Minimum bids to prevent auto-extension: 3

·         Auto-extension: 7 days, max 1 time

·         Bid Type: Two-packet (Technical + Financial)

·         Technical Clarification Window: 2 Days

·         Evaluation Method: Total Value Wise (L1)

·         Estimated Value: ₹1,30,000

 FINANCIAL REQUIREMENTS

EMD: Not Required

ePBG (Performance Guarantee): Required

·         3% of contract value

·         Duration: 14 months

·         Beneficiary: Account Officer, State Health Agency PMJAY

·         Advisory Bank: SBI

ADDITIONAL QUALIFICATION REQUIREMENTS

Bidder must have:

·         10 years firm existence (ICAI Certificate)

·         3 years experience in internal/external audits of PSUs, Govt institutions

·         Minimum staffing:

o    2 full-time CAs

o    1 must be FCA

·         DISA/CISA requirement: Not applicable

TECHNICAL EVALUATION (LCS METHOD)

Evaluation: LCS (Least Cost Selection)

·         Total Marks: 100

·         Minimum Passing Marks: 60

·         Scoring pattern uploaded as separate file

SCOPE OF WORK (Technical Specs)

Audit Services Required:

·         Audit Report

·         Financial Reporting Framework compliance

·         Review of Financial Statements

·         Reliability of financial reporting

·         Internal controls audit

·         Compliance with laws, regulations & contracts

·         Fraud investigation

·         Risk management audit

·         Review of systems and processes

·         Bank transactions

·         Internal control over financial reporting

Type of Audit:

·         Statutory Audit (Financial)

·         CAG empaneled / CA Firm

REPORTING & FREQUENCY

·         Progress Report: After every 2 months

·         MIS Reporting: Yes

·         Location: Rail Head Complex, Jammu