Tender For Appointment Of Internal Auditors For Container Corporation Of India Limited


   

Tender For Appointment Of Internal Auditors For Container Corporation Of India Limited

Container Corporation of India Ltd.
(Navratna Undertaking)
(Ministry of Railways)
(Northern Region)
Tughlakabad, New Delhi -110020

 

In continuation to above referred EOI, in which you had participated, Container Corporation of India Ltd. {CONCOR} hereby invites quotations from your firm for carrying out internal audit of its Northern Region for financial years 2019-20 (Jul’19 to March’20), 2020-21 and 2021-22 . You are requested to kindly go through the terms and conditions, technical eligibility criteria and documents required to be furnished as per Annexure ‘A’.

The offer must be made for a consolidated fee (i.e., fee and all expenses including travel, boarding and lodging, etc.) in the format enclosed as per Annexure ‘B’. List of terminals falling under the administrative control of region with turnover for FY 2018-19 and estimated man-days required to complete the audit based upon past experience has been indicated at Annexure ‘C’. This information is indicative only and final assessment will have to be done by you before quoting the professional fee. For any further information with regard to address of the terminals and activities carried out by CONCOR, please refer to CONCOR’s  website www.concorindia.co.in.

Terms & Conditions:


1.
CONCOR reserves the right to verify / confirm all documentary evidences submitted by the bidder(s) in support of their eligibility criteria. Each page of the bid documents should be duly signed by the authorized signatory of the Firm with official seal affixed.

2. Appointment shall be initially for a period of one (1) year, which may be renewed for further two (2) years at the sole discretion of CONCOR after review of performance.

3. CONCOR reserves the right to accept or reject any or all requests for appointment without assigning any reasons thereof.

4. CONCOR reserves the right to cancel or annul the appointment process at any stage and call for fresh appointment. 

5. CONCOR reserves the right to avail services of any item in any task from sources other than those empanelled with CONCOR.

6. The firm shall bear all costs associated with the preparation and submission of its response and CONCOR in no way will be responsible or liable for these losses, regardless of the conduct or outcome of the appointment process. 

7. Mere submission of technical cum financial bid does not, in any way, constitute guarantee for allotment of audit assignment. 

8. The firms/partners shall not in any case be disqualified under the provisions of Companies Act and/ or no action shall be pending against the firms/partners by the disciplinary committee of the Institute of Chartered Accountants of India/Institute of Cost Accountants of India. 

9. Appointment of the firms/ partners shall not have been terminated on any earlier occasion.

10. Internal audits would be conducted on quarterly basis and payment of audit fees thereof would also be made on a quarterly  basis  after completion of audit, submission of reports thereon and acceptance of the same by CONCOR. 

11. No communication will be sent by CONCOR in respect of firms who have not been selected for appointment.

12. The bid(s) shall remain valid for a period of 120 days from the date of  opening. 

13. As CONCOR is a listed Company, the appointed firm shall comply with all statutory and regulatory requirements applicable including Insider Trading Regulations, etc.

14. The appointed firm shall conduct the audit by following the best principles, practices and standards in the field as applicable from time to time.

15. The firm which refuses to take up the assignment after their appointment as Internal Auditors will be debarred from participating in all future assignments of CONCOR and necessary intimation about their such action would be given to the Institute of Chartered Accountants of India (ICAI)/ Institute of Cost Accountants of India (ICMAI}, as the case may be.

 

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Team SC

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