Chartered Accountant Empanelment with National Housing Bank for Concurrent Audit

National Housing Bank invited application for the appointment of Concurrent Auditors.

National Housing Bank (NHB) Concurrent Audit Note: –

• *Due to ongoing Covid-19 pandemic, generally meetings are being conducted online. Interested bidders can send pre-bid queries over email as per RFP or send the VC links to NHB designated officials for face-to-face queries/clarifications in online manner.
• #Technical Bids will be opened in the presence of Bidders who choose to attend as above. The above schedule is subject to change. Notice of any changes will be provided through e-mail from designated contact personnel only or publishing on NHB’s website. Further, please note that Commercial Bid opening Date, Time & Venue will be intimated to the technically qualified Bidders at a later date.
• All data/information, submitted vide documentary proofs/company records along this RFP, must be reported & will be treated as on date of publication of this RFP.

National Housing Bank

National Housing Bank (NHB), established under National Housing Bank Act, 1987 (“the Act”) is a statutory body under the Government of India.

a. NHB has been established to achieve, inter alia, the following objectives –

• To promote a sound, healthy, viable and cost effective housing finance system to cater to all segments of the population and to integrate the housing finance system with the overall financial system.
• To promote a network of dedicated housing finance institutions to adequately serve various regions and different income groups.
• To augment resources for the sector and channelize them for housing.
• To make housing credit more affordable.
• To supervise the activities of housing finance companies based on supervisory authority derived under the Act.
• To encourage augmentation of supply of buildable land for housing and to upgrade the housing stock in the country.
• To encourage public agencies to emerge as facilitators and suppliers of serviced land, for housing.

b. The head office of NHB is located at New Delhi and regional offices are located at Mumbai, New Delhi, Hyderabad, Bengaluru and Kolkata. It has representative offices located at Chennai, Ahmedabad, Lucknow, Guwahati and Bhopal.

National Housing Bank (NHB) Concurrent Audit Purpose

National Housing Bank (NHB) (hereinafter referred to as the Bank) proposes to invite Request for Proposal (RFP) tenders from the eligible vendors to provide their services for conducting Concurrent Audit of the Bank as described under scope of work. The invitation for RFP document is now being issued to enable vendors to submit their responses to the Bank.

The purpose of this RFP is to select a vendor to provide their services for conducting concurrent audit.

The Request for Proposal document contains statements derived from information that is believed to be relevant at the date but does not purport to provide all of the information that may be necessary or desirable to enable an intending contracting party to determine whether or not to enter into a contract or arrangement with NHB. Neither NHB nor any of its employees, agents, contractors, or advisers gives any representation or warranty, express or implied, as to the accuracy or completeness of any information or statement given or made in this document. Neither NHB nor any of its employees, agents, contractors, or advisors has carried out or will carry out an independent audit or verification exercise in relation to the contents of any part of the document.

Subject to any law to the contrary, and to the maximum extent permitted by law, NHB and its officers, employees, contractors, agents, and advisors disclaim all liability from any loss or damage (whether foreseeable or not) suffered by any person acting on or refraining from acting because of any information including forecasts, statements, estimates, or projections contained in this RFP document or conduct ancillary to it whether or not the loss or damage arises in connection with any negligence, omission, default, lack of care or misrepresentation on the part of NHB or any of its officers, employees, contractors, agents, or advisers.

National Housing Bank (NHB) Concurrent Audit Objective:

Concurrent audit is an examination which is contemporaneous with the occurrence of transactions or is carried out as near thereto as possible. It attempts to shorten the interval between a transaction and its examination by an independent person. There is an emphasis in favor of substantive checking in key areas rather than test checking. This audit is essentially a management process integral to the establishment of sound internal accounting functions and effective controls and setting the tone for a vigilant internal audit to preclude the incidence of serious errors and fraudulent manipulations. The audit will necessarily have to see whether the transactions or decisions are within the policy parameters laid down by the Head Office, they do not violate the instructions or policy prescriptions of the RBI, and that they are within the delegated authority. The audit will have to pick up and report early warning signals and report serious irregularities /fraudulent activities noticed at the Bank.

National Housing Bank (NHB) Concurrent Audit IMPORTANT BID DETAILS

Tentative Date of commencement of sale of Bidding/Tender/RFP Documents

22nd October 2021 (Friday)

Pre-Bid meeting with Bidders (Date and Time)*

29th October 2021 (Friday) (11:30 AM)

Last date and time for sale of Bidding Documents

12th November 2021 (Friday) (05:00 PM)

Last date and time for receipt of Bidding Documents

12th November 2021 (Friday) (06:00 PM)

Date and Time of Technical Bid Opening#

15th November 2021 (Monday) (11:30 AM)

Technical Presentation by the Bidders

Will be intimated later

Cost of RFP (Non-refundable)

Cost of RFP (Non-refundable) – ₹2,500/-

However, the RFP cost will be exempted for those bidders who have already paid RFP cost in response to the RFP floated on June 23, 2021 for “Appointment of Concurrent Auditors of NHB”. Further, exemption of RFP cost for bidders falling under Micro & Small Enterprises category, subject to submission of valid MSE Registration Certificate.

National Housing Bank (NHB) Concurrent Audit Earnest Money Deposit Amount

Bidder has to submit the “EMD/Bid Security Declaration” on their organizations letter head duly signed and stamped by their authorized signatory” accepting that if they withdraw or modify their bids during period of validity of the bid, or if they are awarded the contract and they fail to sign the contract, or fail to submit a performance security before the deadline defined in the request for proposal (RFP) document, they may be Suspended/Blacklisted at Bank’s Discretion.

Place of opening of Bids(Will be intimated to bidders over email if conducting through VC)

National Housing Bank,
Audit Department, Head Office
Core 5-A, 4th Floor, India Habitat Centre, Lodhi Road, New Delhi – 110003

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