Inviting Tender For Services of Chartered Accountant For Internal Audit,Karnataka
The Managing Director, Karnataka State Coir Development Corporation Limited, Bangalore, invites sealed tenders through e-procurement for Engaging services of Chartered Accountants for conducting Internal Audit for the year 2019-20 empanelled with C & AG, as per the Nature of Work mentioned in Schedule-I.

TERMS AND CONDITIONS

1. The tender should be submitted through E-procurement Portal as TENDER FOR ENGAGING SERVICES OF CHARTERED ACCOUNTANT FOR CONDUCTING INTERNAL AUDIT FOR THE YEAR 2019-20 addressed to The Managing Director, Karnataka State Coir Development Corporation Ltd, Bangalore 560001.
2. The tender for the bid should be as per the Nature of Work – Schedule I.
3. Date and Time for Receipt and Submission of the Tender is 25.04.2019 to 08.05.2019 upto 3.00 P.M.
4. The date and time for opening the Tender is 09.05.2019 at 3.30 P.M. in the presence/absence of such tenderers/their authorised representatives. Only one person per tender is permitted to be present.
5. No tender with corrections shall be considered as valid unless such corrections are attested by the tenderer / authorised person. The tender should be neatly written as given in the bid format.
6. The Tenderer shall pay the EMD through e-procurement by following modes:
   a)Credit Card, b)Debit Card, c)NEFT (National Electronic Fund Transfer) &
   d)OTC (Over the Counter ICICI Bank payment).
   EMD details are indicated in Annexure-A. The E.M.D. does not carry any interest. E.M.D. will be returned to the unsuccessful tenderers within a month of finalization of the tender.
7. Tenders not supported by E.M.D. or not complete in any respect are liable for rejection.
8. The E.M.D. of the successful tenderer will be retained as Security Deposit with the Corporation.
9. The rate quoted by the tenderer should be firm and binding for TWO YEARS from the date of issue of Order.
   Further, 10% enhancement of charges on the accepted rate for the second year on mutual consent with the successful bidder, if agrees. Thereafter, if the Company decide to continue the successful bidder for one more year, 15% enhancement will be paid on the previous year rate, if the bidder agrees on mutual consent. Otherwise, a fresh tender will invited on completion of two year term.
10. The rate should be quoted through e-procurement portal which includes Service Charges, other taxes, Conveyances and all other related expenses as applicable.
11. The Chartered Accountants succeed in the tender should provide qualified and efficient men at places as indicated in Annexure-A. The successful tenderer has to provide the services as per the applicable terms and conditions.
12. The Tender Committee will evaluate the tenders and the Managing Director reserves the right to accept/reject the tender. without assigning any reasons thereof and the decision of the said authority will be final.
13. The successful tenderer is required to make an agreement on Rs.200/- stamp paper pertaining to tender terms and conditions within 15 days from the date of communication of tender acceptance in Annexure-B, failing which, the EMD will be forfeited.
14. Payment will be made within 30 days on submission of bill quarterly along with the detailed audit report. The Tenderer should mentioned the Audit Fee along with the applicable taxes and other levies in the bill.
15. The decision of the Managing Director, Karnataka State Coir Development Corporation Ltd., Bangalore is final and binding on both the parties in case of any disputes that may arise during the period of contract. However, the appeal is confined to the jurisdictional courts in Bangalore, Karnataka.
16. Service provider is entirely responsible for all taxes, duties, license fees, octroi, permits and other levies, etc. incurred until termination of the contract.