National Projects Construction Corporation (NPCC) Limited has invited sealed quotations from registered firms of Chartered Accountants (CA)/ Cost Accountants (CMA) for conducting Internal Audit for a period of two financial years.
NPCC Ltd. established on 9th January 1957. NPCC has been awarded credit rating as A+ company by ICRA and has a mission to achieve a turnover exceeding Rupees 2,000 crores with positive net worth by 2015-16.
Eligibility criteria for Appointment as an Internal Auditors
Following are the eligibility criteria for Appointment as an Internal Auditor at Zones/ Units and Corporate Office of NPCC Ltd.
The CA/CMA firms must have at least three full time practicing Chartered Accountants/Cost Accountants as partners.
Registered CA/CMA Firms:
The firms of Chartered Accountants/ Cost Accountants should have been registered with the ICAI/ICWAI at least five years before the date of sending the quotations to NPCC for internal audit.
There is no experience required for applying for Internal Auditor in NPCC Ltd. However, all CA/CMA Firms having experience of Internal Audit/ Statutory Audit in either construction Public Sector Undertaking (PSU) or reputed construction companies shall be given preference.
Period of Appointment:
Internal Auditor(s) of NPCC Ltd. shall be appointed for two financial years from the nearest place of Unit / Zonal Office / Corporate Office. Thus, CA/CMA firms shall be appointed as an internal auditor of NPCC for financial years 2015-16 and 2016-17.
Audit Fee Payments:
Payment of audit fee will be made by account payee cheque/Electronic mode by the respective Zonal Offices / Corporate Office after submission of bill or submission of vetted compliance report(s) whichever is later. Note that the payment(s) / fees will be released only after submission of vetted compliance report(s).
Criteria for selection:
Internal auditor for NPCC Ltd. shall be selected by criteria in the order of:
a) Fee quoted by the firm;
b) Number and nature of Audit undertaken by the firm during last 3 years;
c) Length of experience of the firm;
d) Number of Partners in the firm.
Bid shall be evaluated on Zone wise only and lowest bidder for individual Zone shall be considered. However, the firms of Chartered Accountants/ Cost Accountants may quote for one or more Zones. List of successful bidders will be placed on NPCC website i.e. www.npcc.gov.in
Last term the following firms of Chartered Accountants have been found successful bidders in response to NIT No. 400782/02 dated 02.01. 2014:
1) M/s J. K. Sarawgi & Co., Chartered Accountants, 141, Siddhartha Enclave, New Ashram Chowk, New Delhi-110 014.
2) M/s K. D. Shukla & Co., Chartered Accountants, 111A/185, Patrakar Bhawan, Ashok Nagar, Kanpur-208 012.
3) M/s K. Pandeya & Co., Chartered Accountants, 207, Ratanlal Commercial Complex, Opp. Radio Station, Ratu Road, Ranchi-834 001.
4) M/s MSN & Associates, Chartered Accountants, G-1, Mezzanine Floor, Naurang House, 21, K. G. Marg, Connaught Place, New Delhi-110 001.
EMD and Processing Charges:
Bids submitted without Demand Drafts/Banker cheques of ₹ 1,000 towards processing charges (Non-Refundable) and ₹ 10,000 towards EMD (Earnest Money Deposit) shall not be considered and will immediately be rejected. EMD will be refundable on successful completion of the work and will be claimed in the bill itself.
Last Date for Quotation:
Quotations in the prescribed format marked “QUOTATION FOR APPOINTMENT OF INTERNAL AUDITORS”, addressed to Internal Audit Division, NPCC Ltd., Plot No. 67-68, Sector-25, Faridabad -121004 should reach on or before 17th September,2015 up to 5.00 PM. However, the offers will be opened on the next day i.e. on 18th of September, 2015 at 11.00 AM at our Corporate Office.
For more detailed information like format of quotation for appointment of internal auditor and prescribed format of Internal Audit Reports, please download the tender notice.