Empanelment of CA Firms for Internal Audit of National Highways Authority of India

The National Highways Authority of India (NHAI/ Authority) is mandated with implementation of the National Highways Development Projects (NHDP)/ Bharat Mala Projects. The present level of annual expenditure is near about Rs. 125000 crores and annual collection of toll fee is over Rs. 40000 crores (approximately). Its Head Office is located in New Delhi and having more than 195 field units (called Project Implementation Unit/Corridor Management Unit) apart from Regional Offices and State Level Offices located all over the country.

General Terms of Bidding

1. National Highways Authority of India, Plot No. G-5 & 6, Sector 10, Dwarka, New Delhi – 110075 (hereinafter called as Authority) intends to select a firm of Chartered Accountants / Cost Accountants in accordance with the method of selection indicated in clause 2.4.10 of Section 2 of RFP.

2. Firms of Chartered Accountants /Cost Accountants [hereinafter referred to as Bidder] meeting the pre-qualification requirements are invited to submit Technical and Financial Proposals for internal auditing services required for the assignment of Internal Auditing in NHAI for Head Quarter Office.

3. The Assignment shall be implemented in accordance with the schedule of audit mentioned in TOR. When the Assignment includes several phases, the performance of the contract under each phase must be to the NHAI’s satisfaction before work begins on the next phase.

4. The Bidders must familiarize themselves with local conditions and take them into account in preparing their proposals. To obtain first-hand information on the Assignment and on the local conditions, Bidders may visit NHAI HQ before submitting a proposal.

5. Please note that (i) the cost of preparing the proposal including visits to the NHAI HQ, is not reimbursable irrespective of the outcome of the evaluation process; and (ii) the NHAI is not bound to accept any of the proposal submitted and reserves the right to reject any or all proposals without assigning any reason.

6. NHAI would require that Bidders shall also provide professional, objective, and impartial advice and at all times hold NHAI’s interests paramount, without any consideration for future work, and strictly avoid conflict with other assignments or their own corporate interests. Bidders shall review their operations and satisfy themselves that the proposed internal audit assignment is not in conflict with their prior or current obligations, or that of their associates/ affiliates that may place them in a position of not being able to carry out the assignment in the best interest of the NHAI.

Eligibility Criteria

Eligibility criteria for technical qualification for the assignment is prescribed as under:-

1. No. of years of experience of the firm

Minimum Requirement: 20 years

2. Head office of the firm in Delhi/ NCR and/ or a Branch office of the firm in Delhi/ NCR with at least 5 partners stationed in Delhi/ NCR.

Minimum Requirement: Head Office or branch in Delhi/ NCR

3. No. of full time partners

Minimum Requirement: 10

4. No. of Qualified CA /CMA in full time employment excluding the Partners.

Minimum Requirement: 10

5. Minimum annual turnover of the bidder in any of the FY 2019-20 or 2020-21.

Minimum Requirement: Rs. 10 Cr.

6. In any one financial year, i.e. FY 2019-20 or 2020-21, the applicants should have conducted statutory audit or internal audit of at least five PSU/Private Sector Company dealing in infrastructure development with minimum turnover of unit/branch (in case audit of unit/ branch) audited.

Minimum Requirement: Rs. 1000.00 Cr.

7. No. of Companies (Registered under Companies Act) audited in the capacity of statutory auditors and / or Internal auditor during the financial year 2019-20 and/ or 2020-21. (Various branches/units of a company will be considered as one company and audit of the same company in both the years will also be considered as one company.)

Minimum Requirement: At least 100 companies including 5 PSUs

8. Experience as Auditor for auditing the entities having PPP/ BOT/ EPC Projects (EPC projects for construction/ widening of the highway of Rs. 250 Crs or more only will be considered) during last two years in road sector/ Audit of NHAI PIU/ RO/ HQ. (one PIU will be considered as one entity irrespective of number of years)

Minimum Requirement: At least 5 entities in last 2 years

• For technical qualification, the applicant must possess minimum requirement under each qualification criteria and should score at least 85 marks.

Note: Documents to be submitted online in support of above facts are given below: – No submission / incomplete of partial submission/ illegible submission of the documents will lead to the rejection of the bid.

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