Empanelment of CA Firm for Internal Audit of Tea Board of India

Empanelment of CA Firm for Internal Audit of Tea Board of India

Introduction

a) “TEA BOARD” means Tea Board Of India, a Commodity Board under the Government of India, Ministry of Commerce and Industry and having its Head Office at 14 B.T.M Sarani, Kolkata 700001 b) “The Tea Board Of India” means the Chairman Tea Board, KOLKATA acting through the Secretary, TEA BOARD, Kolkata. c) “The Bidder” means “Service Provider” or firm who participates in this tender and submits its bid. d) “The Firm” means the successful bidder providing services under the contract. e) “Provisional acceptance letter/letter of intent” means the intention of the Tea Board Of India to place the Work order on the bidder. f) “The Work order” means the order placed by the Tea Board Of India on the Firm signed by the Tea Board Of India including all attachments and appendices thereto and all documents incorporated by reference therein. g) The Work order shall be deemed as “Contract” appearing in the document. h) “The Contract Price” means the price payable to the Firm under the Work order for the full and proper performance of its contractual obligations.

Eligible Bidders

The eligible bidder shall be an Indian Chartered Accountant Firm having experience of 15 years. Further, the bidder should have capability and experience in the following:-

1) Auditing of Banks dealing in the bank lending business. 2) Auditing of organizations dealing in Commodities like, Tea, Coffee, sugar, Jute etc 3) Must have a team of accounting staff, minimum 10, to take care of Tea Board’s work Documentary proof (attested copies of relevant documents) for the above facts shall be attached.

Bids not confirming to these conditions will be rejected outright.

General Conditions of Contract

1 Application:

The General Conditions shall apply in the contract made by the Tea Board Of India for the procurement of Services.

2 Standards:

The services supplied under this contract shall conform to the standards prescribed in the Technical Specifications.

3 Patent Rights:

The Firm shall indemnify the Tea Board Of India against all third party claims of infringement of Patent, trademark or industrial design rights arising from use of the services or any part thereof in Tea Board.

4 Performance Security:

1. The Firm shall furnish performance security to the Tea Board Of India for an amount of 10% of contract value for contract period within 15 days of Firm’s receipt of the Advance Work order. 2. The proceeds of the performance security shall be payable to the Tea Board Of India as compensation for any loss resulting from the Firm’s failure to complete its obligations under the Contract. 3. The performance Security Bond shall be in the form of bank guarantee issued by a Scheduled Bank and in the format provided in the Bid Document, Section VII. 4. The performance Security Bond will be discharged by the Tea Board Of India after completion of the Firm’s performance obligations including Warranty obligations under the Contract.

5. Service Delivery:

1.  Delivery of the services and documents shall be made by the Firm in accordance with the terms specified by the Tea Board Of India in its schedule of requirements 2. The Delivery of the services and documents shall commence immediately on placement of Work order and be valid initially for a period of 1 year subject to annual reviews

6. Payment Terms:

Payment for the services as mentioned in the Price Schedule will be effected in monthly manner after getting the bills certified by the User Section of Tea Board. To Read More Details Download PDF Given Below: