National Projects Construction is invited quotation for appointment of Internal Auditors for the years 2015-16 & 2016-17

 1.1 Sealed
quotations are invited, for conducting Internal Audit at our Zones/Units and
Corporate Office, from registered firms of Chartered Accountants/Cost
Accountants having minimum three full time practicing Chartered
Accountants/Cost Accountants as partners. 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. Firms having
experience of Internal Audit / Statutory Audit in construction PSU(s) /
constructio  companies
of repute shall be given preference.

1.2 Internal
Auditor(s) shall be appointed, as far as possible, from the nearest place of
Unit / Zonal Office /Corporate Office. However out side firm(s) of Chartered Accountants/Cost
Accountants willing to conduct the Internal Audit shall also be considered for
appointment, subject to other usual criteria.

1.3 Internal
Auditor(s) will be appointed for a period of two financial years i.e. 2015-16
and 2016-17

1.4 However NPCC
reserves the right to withdraw the audit work for non-timely submission of
Internal Audit reports,
based on yearly review of performance of the Internal Auditors by the Sub
Committee.

1.5 Frequency of
internal audit will be once in a year. Internal Audit will be conducted at the
close of the financial year
covering all the months. Internal Audit will be conducted as per Audit Scope
provided hereunder.

1.6 Fee is to be
quoted Zone wise/Corporate Office considering number of Units/Projects/Offices
under the Zone, as listed here below. In case there is an increase in Unit(s)
/Project(s) under a Zone in 2015-16 fee for the same will be decided on pro
rata basis. Fee is to be quoted excluding Service Tax. TDS will
be deducted as applicable. Service Tax will be paid extra as applicable.

1.7 Out of pocket
expenses shall be inclusive of TA / DA and restricted to 25 % of their audit
fees or actual expenses
(supported with original bills) incurred which ever is lower.

1.8 Payment of
audit fee will be made by A/c payee cheque/Electronic mode by the respective
Zonal Offices /Corporate
Office after submission of bill or submission of vetted compliance report(s)
which ever is later. Payment(s)
/ fees will be released only after submission of vetted compliance report(s).

 1.9 Criteria
for selection shall be in the order of :- i) Fee quoted by the firm. ii) Number
and nature of Audit undertaken by the firm during last three years iii) Length
of experience of the firm. iv) Number of Partners in the firm.

 1.10 Bidder
may quote for one or more Zones. Bid shall be evaluated on Zone wise only and
lowest bidder for individual Zone shall be considered.

1.11 The Audit
firm appointed by NPCC shall not sub-contract the work.

1.12 Firms
selected by NPCC shall have to give an undertaking to follow all ethics of
faith and the information provided by NPCC shall be kept strictly confidential.
The Firm shall comply with all the applicable rules and regulations as
prescribed under the law.

1.13 NPCC
has the right to accept or reject any/all of the offers without assigning any
reason thereof. NPCC reserves the right to split the job in one or more
agencies without assigning any reason thereof. No claim on this account shall
be entertained by NPCC.

 1.14 Corrigendum/addendum,
if any, shall be displayed on NPCC website only i.e. www.npcc.gov.in and
same shall be binding on all the agencies.

1.15 In case of
dispute, the jurisdiction will be at Faridabad (Haryana).

1.16 EMD
to be submitted will be Rs.10000/- (Rupees Ten Thousand Only) (refundable on
successful completion of the work and will be claimed in the bill). However,
Rs.1000/- will be charged extra towards processing fees. All the bidders are
required to submit (2 No(s) Two separate Drafts/Banker cheques for Rs.10000/-
(Rs. Ten Thousand only) being E.M.D. (refundable)and Rs 1000/- (Rs. One
thousand only) being processing charges (Non refundable) favoring NPCC Ltd.
Drawn on any scheduled Bank payable at par at Faridabad shall have to be
enclosed along with the bid.

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