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Team Studycafe | May 13, 2022 | Views 63643

Empanelment of CA Firms for Concurrent Audit of Bank of Baroda

Empanelment of CA Firms for Concurrent Audit of Bank of Baroda

Request for Proposal (RFP) for Appointment of -1- Concurrent Audit Firm to carry out Concurrent Audits of Branches/CBOs/Other Units for each of the following Zones of Bank of Baroda Namely, Chandigarh Zone, Ernakulam Zone & Hyderabad Zone for -12-months From 01-07-2022 to 30-06-2023

The RFP document is not recommendation, offer or invitation to enter into a contract, agreement or any other arrangement, in respect of the services. The provision of the services is subject to observance of selection process and appropriate documentation being agreed between the Bank and any successful Firms identified by the Bank, after completion of the selection process as detailed in this RFP document.

The RFP document is intended solely for the information of the party to whom it is issued (“the Recipient” or “the Respondent”) and no other person or organization.

Bank of Baroda hereby invites responses from competent and registered Chartered Accountancy Firms registered with ICAI & RBI for Appointment of -1- Concurrent Audit Firm to carry out Concurrent Audit of Branches/CBOs/ Other Units for each of the following Zones of Bank of Baroda namely Chandigarh Zone, Ernakulam Zone & Hyderabad Zone for -12- months From 01-07-2022 to 30-06-2023.

Details Are Given Below:

RFP Issuance Date

10th April 2022

RFP Co-ordinator/ Telephone/ E mail ID

Assistant General Manager
IS Audit Department, BCC Mumbai
022-66985284
[email protected]

Address for Proposal Submission

Assistant General Manager,
IS Audit Department
2nd Floor, Baroda Corporate Centre
C-26, ‘G’ Block
Bandra Kurla Complex, Bandra East
Mumbai 400051

Last Date of Written request for Clarifications

05.00 PM 20th May 2022

Pre Bid Meeting

  • Pre bid meeting will be held online through Bank’s Online Meeting Platform (i.e. Microsoft Teams) on 23rd May 2022 at 03:00 PM.
  • Meeting invite link will be sent by the Bank to bidder’s on email IDs provided to join the Online Meeting as per the schedule mentioned above.
  • Bidder representatives will have to click the Bank provided link (provided in the e-mail) to join the on-line Pre-bid meeting.

Reply to individual Pre–bid query

05.00 PM 23rd May 2022

Address:

Assistant General Manager,
IS Audit, 2nd Floor,
Baroda Corporate Centre
C-26, ‘G’ Block
Bandra Kurla Complex, Bandra East,
Mumbai 400051

Last Date of Submission of RFP Response (Closing Date)

03.00 pm 31st May 2022

Address:

Assistant General Manager,
IS Audit,
2nd Floor, Baroda Corporate Centre
C-26, ‘G’ Block
Bandra Kurla Complex, Bandra East
Mumbai 400051

Opening of Eligibility Cum Technical Bid

11.00 am 01st June 2022

Address:

Baroda Corporate Centre
C-26, ‘G’ Block
Bandra Kurla Complex, Bandra East
Mumbai 400051

Date for presentation

Eligible short-listed bidders may be invited for a presentation on the Technical Proposal at the discretion of the management. Date for the presentation will be communicated to the short-listed bidders. The Bank’s decision is final in this regard.

Opening of Financial Bid

The Financial Proposals of only those who qualify in Technical Proposal will be opened. The date for opening of the Financial Proposal would be communicated separately only to those bidders who are eligible and Technically qualified.

Application Money

INR 20,000/- (Rupees Twenty Thousand Only)

Proposal Security (Earnest Money Deposit or EMD)

INR 50,000/- (Rupees Fifty thousand Only) By DD/ Pay order payable on Mumbai or by Bank Guarantee issued by Scheduled Commercial Bank other than Bank of Baroda and should be valid up to 30-11-2022 (in the Format given in Annexure – 12.)

For Micro and small Enterprises (MSEs) and the firm registered with the concerned Ministries / Departments : “Bid Security Declaration” as per Annexure 15

Terms of the RFP Response

2.1 RFP Response Submission

2.1.1 Application Money

Application Money as mentioned in “Key Information on the RFP Response Submission” by way of Demand Draft favouring ‘Bank of Baroda’, payable at Mumbai, which is non-refundable, must be submitted separately along with RFP response. The Bank may, at its discretion, reject any Firm where application money has not been furnished with the RFP response.

2.2 Registration of RFP Response

Registration of RFP response will be effected by the Bank by making an entry in a separate register kept for the purpose upon the Bank receiving the RFP response in the above manner. The proposal must contain all documents, information, and details required by this RFP. If the submission to this RFP does not include all the documents and information required or is incomplete or submission is through e-mail, the RFP is liable to be summarily rejected.

All submissions, including any supporting documents, will become the property of the Bank. The Recipient shall be deemed to have licensed, and granted all rights to, the Bank to reproduce the whole or any portion of their submission for the purpose of evaluation.

2.3 RFP Validity period

RFP responses must remain valid and open for evaluation according to their terms for a period of at least 180 days from the RFP opening date.

2.4 Appointment period

Post the evaluation process, the selected firm would be initially appointed by the Bank for twelve months and may be extended annually for further two years subject to satisfactory performance and at the sole discretion of the Bank. The appointment period will be governed by the extant RBI guidelines in this regard. Bank reserves the right to increase/decrease the number of auditable entities at any time.

2.5 Communication on the RFP

Recipients are required to address all communication/ clarifications/ queries if any relating to the RFP in writing via email on or before the last date of receiving request for Clarification as per details provided in the RFP. The Bank will try to reply, without any obligation in respect thereof, every reasonable query raised by the Respondents in the manner specified. Any changes to the RFP will be communicated as Addendum to the RFP and will be published on the Bank’s website under Tenders section. However, the Bank will not answer any communication initiated by the Respondents beyond the dates provided in “Key Information on the RFP Response Submission”.

The Bank may in its absolute discretion seek, but under no obligation to seek, additional information or material from any Respondents after the RFP closes and all such

Eligibility Criteria :

Only Bidders that fulfil ALL the eligibility criteria as mentioned in Annexure 3 are eligible to participate in this Bid. The Bidder should submit their responses along with documentary evidence and self-declaration, as required for the above eligibility criteria. Proposals of those bidders, who do not fulfil any of the eligibility criteria as stated in full, will be summarily rejected. Firms fulfilling the eligibility criteria as laid out above will proceed to the next stage of the Technical Evaluation. The Bank’s discretion on ‘Eligibility Criteria’ is final.

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