Appointment as Internal Auditors for Cotton Corporation of India Ltd

Appointment as Internal Auditors for Cotton Corporation of India Ltd

THE COTTON CORPORATION OF INDIA LTD. CBD BELAPUR, NAVI MUMBAI.


Tender for Appointment as Internal Auditors for undertaking the Internal Audit work of our Corporation at the Branch Office Kalamboli

TENDER NOTICE

                          A Tender notice dated 06.03.2020 was floated by the Corporation for engagement of Chartered Accountant firm as an Internal Auditor for the B.O. Kalamboli and the same was to be opened on 27.03.2020. However, due to outbreak of Covid-19 pandemic and declaration of lockdown by Government of India the same could not be opened on due dates. Hence, the same has been cancelled.
Now, the Cotton Corporation of India Ltd.B.O. Kalamboli again invites sealed tenders in two bid system from Chartered Accountants firms for the Appointment as internal auditors of branch. It may be noted that the parties who had submitted their bids in reference to our tender notice dated 06.03.2020 needs to submit their bids afresh as the earlier bids submitted by them shall not be considered in this tender.
S. No.Particulars of the work
Blank Tender document Cost in Rs. 

E. M. D.

Rs.

1Tender for Appointment as Internal Auditors for undertaking Internal Audit work of our Corporation at the Branch Office Kalamboli
Nill5000/-

1. Blank tender forms for the said work are available at above address free of cost, on all working days between 10.00 am to 5.00 pm up to date 18.06.2020. 
2. The Corporation has an online Internal Audit reporting system. The online Internal Audit reports should be submitted to head Office on or before 11th of the following month.
3. Minimum monthly Consolidated Audit Fees will be Rs. 10,000/- (excluding applicable Taxes). Note: The Monthly Consolidated Audit fee should be quoted inclusive of TA/DA/Boarding/Lodging etc.
4. The firm may visit to our office on any working day till 18.06.2020 to understand the operations of the Corporation and our Branch Office and to have a look into the Internal Audit reporting system. 
5. The engagement of Internal Auditor will be initially for the Financial Year 2020-21 beginning from April 2020. The Corporation reserves its right to cancel the engagement prior to expiry of the tenure, in case services are not found satisfactory. In case of the satisfactory performance the period of engagement can be further extended by one year, i.e., 2021-22 at existing terms and conditions, provided their audit work is found satisfactory.
6. The tender documents can also be downloaded from the Corporation’s web site i.e. www.cotcorp.org.in or from the government tender portal i.e. www.eprocure.gov.in

7. Earnest money amounting to Rs. 5,000/- (Rupees five thousand only) in the form of Crossed Demand 
Draft/Pay Order/Banker’s Cheque drawn on any Scheduled Banks drawn in favour of THE COTTON 
CORPORATION OF INDIA LTD., payable at Navi Mumbai must accompany each tender. Any Tender not accompanied by the requisite Earnest Money and other documents or documents that are not complete, will be rejected.
8. Tenderer should submit the tender as under: Envelope A– (Technical Bid-I with all enclosures and EMD) Envelope B - (Financial Bid-II), Envelope C: Envelope “C” should contain both Envelope “A” & Envelope “B”Each envelope be super scribed as “Tender for Appointment as Internal Auditors for undertaking Internal Audit work of our Corporation at the Branch Office Kalamboli” and should bear the full address of tenderer at left side bottom.
9. The sealed tenders must be submitted/dropped in the Tender Box placed at
CCI Warehousing Complex, Plot S-5, Sector KWC, Kalamboli, Navi Mumbai – 410 218, Maharashtra State upto 3.00 P.M on 19.06.2020.
10. Tender Document consists of total 16 pages in addition to tender notice.
11. Technical Bids of the tenders shall be opened on the same day i.e. on 19.06.2020 at 3.30 P.M. in the 
presence of tenderers who may wish to remain present. However, the Financial Bids of the technically qualified Tenderers may be opened on same day or within three working days from the date of opening of the Technical Bids in the presence of the technically qualified tenderers who may wish to remain present.

THE CORPORATION RESERVES ITS RIGHT TO ACCEPT OR REJECT ANY TENDER(s). HOWEVER, PARTY MAY SEEK THE REASONS FOR REJECTION FROM THE CORPORATION. 

Dy. General Manager