Appointment of Internal Audit for Jute Corporation of India Limited for Fy2019-20

Appointment of Internal Audit for Jute Corporation of India Limited for Fy2019-20

THE JUTE CORPORATION OF INDIA LIMITED
(A Government of India Enterprise)
 HUDCO Building (7th Floor)
15N, Nellie Sengupta Sarani, Kolkata-700 087
Phone: 033-2252-7027/28, Fax: 033-2252-6771

HIRING OF INTERNAL AUDITORS FOR THE JUTE CORPORATION OF INDIA LIMITED (JCI) FOR THE FINANCIAL YEAR 2019-20

To

Dear Sirs,

SUBJECT: NOTICE INVITING BIDS FOR HIRING OF INTERNAL AUDIT SERVICEFOR FY2019-20

1. The Jute Corporation of India Limited (JCI), a Government of India Enterprise (the implementation agency of GoI’s Minimum Support Price (MSP) policy for raw jute and a trading organization in raw jute and allied products) having Head Office in Kolkata and 16 Regional Offices/ RLDs& 141 DPCs in six jute growing states , i.e- West Bengal, Bihar, Assam, Orissa, Andhra Pradesh & Tripura invites application from reputed Audit Firms (Proprietary Concern and Partnership Firms) for providing Internal Audit service to JCI for the financial year 2019-20 with an option to extend the contract by two more years on the same rate, terms & conditions by mutual consent. The audit to be conducted both on ‘postmortem’ and ‘concurrent’ basis, as may be feasible.

(i) Date of Issue of Tender Document : 16-04-2020 (The same can also be downloaded from the website)

(ii) Last date of Submission of Tender Document : 06-05-2020 at 2.00 PM

(iii) Date of opening of Technical Bid : 06-05-2020 at 5.00 PM

2. SCOPE OF WORK: Internal Audit of JCI for the Financial year 2019-20 as per Annexure “III”, with an option to extend the contract by two more years on the same rate, terms & conditions by mutual consent.

3. FEES: Fees quoted should be on lump sum basis per year, Out of Pocket Expenses at actual as subject to JCI’sTA/DA Policyand exclusive of GST as per Annexure “IV”. 

4. PAYMENT TERMS: Fees Payment will be made on Half Yearly Reportand Reimbursement of Expenses on Monthly basis on submission of bill as per Annexure “VI”.

2. ELIGIBILITY CRITERIA (certified copy of testimonial to be enclosed):

a) The Audit Firms shall be in existence for a minimum period of five years as on due date of the Tender and have Annual Turnoverof at least Rupees Twenty-Five Lakhs(Rs.25,00,000/-). For the purpose of ascertaining parameter of Turnover of the bidder, average turnover of the bidder for the previous three financial years (2016-17 to 2018-19) shall be considered. In the techno commercial bid, the bidder shall submit ‘a 3rd party audit certificate of compliance’ to the effect of the above. Those Audit Firms, who will secure 50 marks and above in Technical Evaluation process as per Annexure II and Annexure VII, , shall be considered for price bid openingand then, selection will be on lowest price quote basis. In case of tie in price quote, preference will be given to that firmwhich has got more marks in Technical
Evaluation.

b) This tender/empanelment is for the purpose of short listing of Firms only and would not carry any assurance of allotment of Internal Audit assignments from JCI.

c) Should have Headquarters/Branch Office in Kolkata.

d) Firms need to quote for the entire audit work or as per individual Offices/Units of JCI. The work can be allocated on the basis of individual Offices/Units of JCI.

e) JCI reserves its right to accept or reject any application/s without assigning any reasons thereof. The decision of JCI for empanelment of/allotment of internal audit works to the Firm(s) will be final and binding upon the parties participating in the shortlisting. 

Click here for more details