Name: Hiring of Consultant for Review of Accounts and Preparation of Financial Statements
Start: 2023-10-31
End: 2023-11-20
Location: Petroleum and Natural Gas Regulatory Board

Organization Details:

Organization Name:

Petroleum and Natural Gas Regulatory Board

Country:

India

Contact Person:

- -

Address:

- - -,

Contact Details - Email:

info@pngrb.gov

Phone

Notice Details:

Notice Type

Tender Notice

Bidding Type

Other

Notice No.

73825208

Deadline

2023-11-20

Description

The Petroleum and Natural Gas Regulatory Board (“PNGRB”) hereby invites sealed
tender in duplicate on “ Hiring of consultant for Review of Accounts and Preparation
of Financial Statements ”.
The salient features of the tender are as under:
1 Tender No PNGRB/Com/4-Audit (1)/2023
2 Type of Bid Two Bid System
(Technical Bid & Financial Bid)
3 Pre-Bid Meeting 6
th November, 2023 at 11:00 hrs at PNGRB
office
4 Bid Submission Start Date &
Time
9
th November, 2023 at 11:00 hrs at PNGRB
office
5 Bid Submission Closing date &
time
20th November, 2023 at 11:00 hrs at PNGRB
office
6 Place of Submission of Bid
Petroleum and Natural Gas Regulatory Board,
1
st Floor, World Trade Centre, Babar Road,
New Delhi - 110001
7 Technical Bid Opening date &
time
23rd November, 2023 at 15:00 hrs at PNGRB
office
8 Financial Bid Opening date &
time
Shall be intimated to entities whose Technical
Bids are qualified.
9 Bid Validity 90 days from date of opening of Technical
Bid.
10 Tender document
The intending tenderers may download the
tender document from pngrb website.
https://pngrb.gov.in/eng-web/tender.html
11
Bid Security/ Earnest Money
Deposit (EMD) (To be enclosed
with the Technical Bid only)
NIL, However, bidders are required to furnish
Bid Security Declaration in lieu of EMD, as
per the attached Annexure-VII
12
Bid Eligibility Criteria The intending tenderers shall have to furnish
proof of their bidder eligibility and experience
along with the Technical Bid.
1. The Consultant should be a Practicing
Chartered Accountant (“CA”) Firm with
Page 7 of 41
minimum 4 partners as on the date of
submission of bid.
2. The Consultant should have minimum
15 years of experience in the field of
Audit and preparation of accounts for
clients.
3. The Consultant should have completed
at-least one internal audit or statutory
audit of any Autonomous Body/ Central
Public Sector undertaking established by
the Government of India anytime during
any of the last Five years ending on last
day of the month immediately prior to
the month in which the last date of bid
submission falls shall be considered (in
case of extended bid submission date,
original bid submission date shall be
considered).
13
Amount of Performance
Security to be submitted by the
Successful bidder.
10% of the contract value, valid upto
31.12.2025
14 Signing of contract Contract is to be signed within 7 days from
the date of issue of LOA.
15 Time period for completion of
Annual Accounts As per specified timelines
16
Quantum of Price
Reduction for default in
completion of the scope of work
as per the contract
At the rate of 0.5 % of the contract value per
week or part thereof subject to a maximum
of 10% of the contract value.
17 Annexures to Tender Document
Bid Forwarding Letter Annexure I
Letter of Authority for Attending Technical Bid Opening
and Financial Bid Opening
Annexure II
Technical Bid Quality Cum Cost Based Selection
methodology and parameters
Annexure III
Page 8 of 41
Check-list Annexure IV
Details of the bidder Annexure V
Bidder’s particulars with respect to Bid
eligibility Criteria
Annexure VI
Format of Bid Security Declaration
from Bidders In Lieu Of EMD
Annexure VII
Draft Contract Annexure VIII
Proforma for Performance Bank
Guarantee
Annexure IX
Undertaking by the Bidders Annexure XI
18 Financial Bid Annexure X
1. In case the day specified above happens to be a holiday in PNGRB, the next
working day shall be implied.
2. Any bidder, who meets the Bid Eligibility Criteria (BEC) and wishes to quote under
this Tender Document, may download the complete Tender Document along with
its amendment(s) if any from PNGRB website https://pngrb.gov.in/engweb/tender.html of Invitation to bid and submit their Bid complete in all respects as
per terms & conditions of Tender Document on or before the Due Date & Time of
Bid Submission
3. Bidder(s) are advised to submit their bid strictly as per terms and conditions of the
Tender Documents and not to stipulate any deviations/exceptions.
4. The bidder shall certify that:
a. Its bid submission is genuine and is not made in the interest of or on the behalf of
any undisclosed person, association of persons, firm, company, or co-operative
society, and is not submitted in conformity with and agreement of any undisclosed
person, association of persons, firm, company, or co-operative society.
b. It has not solicited or induced any undisclosed person, association of persons,
firm, company, or co-operative society to refrain from submitting the bid.
5. Bidders are requested to submit the documents / confirmations strictly as per the
check list enclosed with the tender document and also confirm to the checklist given
at Annexure IV.
6. PNGRB reserves the right to accept or reject any or all bid (s), and to annul the tender
process and reject all bids at any time prior to award of contract, without thereby
Page 9 of 41
incurring any liability to the affected Bidder or Bidders or any obligation to inform
the affected Bidder or Bidders of the grounds for the PNGRB’s action.
7. The bidder is expected to examine all the contents of the tender document, including
all instructions, forms, terms and conditions and all the rules of PNGRB. The tender
document together with all its annexures thereto shall be considered to be read,
understood and accepted by the bidder. Failure to furnish any information required
as per the tender document or submission of tender document not complete

Soft Copy

Soft copy

Documents

Download documents

In case you are unable to document the documents, please copy the link and paste it in a new tab.

View Petroleum and Natural Gas Regulatory Board tenders for free on Global Tenders

Filter Your Search