Empanelment of CA Firm for Internal Audit of City and Industrial Development Corporation of Maharashtra Limited

CIDCO, a Government of Maharashtra owned company, planning and developing cities for the last 50 years, began its journey as a Town Planning and Development Authority on 17th March 1970. It was initially designated as the special planning authority for a collective area of 344.39 km, which covered 95 villages within Thane, Panvel and Uran talukas of Thane and Raigad districts and gave birth to 14 self sufficient and independent nodes in Navi Mumbai. Development Authority for NAINA Project. It was also designated as planning authority for New Towns Aurangabad, Nashik, Amaravati, Nanded, Jalna, Latur, Oros, Palghar and Nagpur by the Government of Maharashtra.

CIDCO Ltd. intends to appoint Chartered Accountant firm / Cost Accountant firm to conduct the concurrent Internal Audit of the accounts of the various departments, nodal offices and New Township offices under its jurisdiction for the year 2022-23. The work of Internal Audit of all the above mentioned offices needs to be completed in a time bound manner and the audit reports need to be submitted on or before the due dates mentioned in the R.F.P. Document. (Annexure – 2)

General Instructions

1. This Request for Proposal (RFP) document Consists of the following :

a. General Instructions (GI)
b. Data Sheet (DS)
c. Terms of Reference (TOR)
d. Duration and Deliverables
e. Payment Schedule
f. Technical and Financial Proposal Forms (TFPF)

Detailed description of the objectives, CIDCO’s requirements, scope of the assignment, Deliverables and other requirements related with this assignment are prescribed in the Terms of Reference; and the Annexures 1 and 2.

2. The proposal must be digitally signed as detailed below :

a. by the proprietor, in case of a proprietary firm.
b. by the partner holding the power of attorney, in case of a partnership firm.
c. by the Authorized Signatory in case of others.

3. All documents accompanying the Technical and Financial proposals shall be in English and strictly on the forms / formats as specified in the RFP document.

4. The cost of preparing the proposal and subsequent action, including visits to the CIDCO office are not reimbursable.

5. CIDCO will not respond to any enquiries or enter into communication concerning or relating to selection process.

6. The evaluation of the proposals received by CIDCO with in stipulated period shall be carried out by the Proposal Evaluation Committee.

7. EARNEST MONEY The Bidder shall deposit and keep deposited (for the period specified hereafter) with CIDCO a sum as shown in this Notice Inviting Bid as the Earnest Money. The Earnest Money deposited by way of online Payment Gateway Mode.

Proposal Evaluation

The Technical Proposals will be opened online in the presence of the representatives of the Chartered Accountant firms/Cost Accountant firms (herein after referred as “C.A. Firms“) who choose to be present at the time of opening of the proposals. The technical evaluation shall be carried out by the Proposal Evaluation Committee based on the data and information provided by the Chartered Accountant firms/Cost Accountant firms for experience, no. of Partners, Staff, qualification experience of the firm no. of branches of the firm and the annual turnover of the firm, and finally on the basis of ‘Technical Score‘ obtained by the firm.

The marking criteria for technical proposal shall be as under. The Chartered Accountant firms/Cost Accountant firms scoring equal to or more than 75/100 in technical proposal evaluation shall only be considered for opening of Financial Proposals. After qualifying in Technical Proposal evaluation stage, the Financial Proposals of those qualified Chartered Accountant firms/Cost Accountant firms, shall be opened in presence of the representatives of the Chartered Accountant firms/Cost Accountant firms, who choose to remain present. Minimum 75/100 Technical Score shall be relaxed by the competent authority (V.C. & M.D.) of CIDCO, if less than 3 firms score 75 or more out of 100. The Financial Proposal indicating the lowest Professional fees for conducting the internal audit of financial year 2022-23 shall be considered for award of the assignment.

Bid Submission Procedure

The on-line submission of Bid document should be done on website by the bidders as per Bid Programme. The Bidder has to enter Name of the Bidder / Bidding Firm / Company in particular cell of BOQ uploaded in excel format. Then Bidder has to enter amount in figure in Column No.13 for each item as mentioned in Excel File. The total quoted amount in figures is worked out automatically as well as amount in words is also worked out automatically and shall display in the Excel sheet. Annexure 7 of bid document is for information of the bidder.

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