1.1 Sealed
\nquotations are invited, for conducting Internal Audit at our Zones\/Units and
\nCorporate Office, from registered firms of Chartered Accountants\/Cost
\nAccountants having minimum three full time practicing Chartered
\nAccountants\/Cost Accountants as partners. The firms of Chartered
\nAccountants\/Cost Accountants should have been registered with the ICAI\/ICWAI at
\nleast Five years before the date of sending the quotations. Firms having
\nexperience of Internal Audit \/ Statutory Audit in construction PSU(s) \/
\nconstructio  companies
\nof repute shall be given preference.<\/p>\n

1.2 Internal
\nAuditor(s) shall be appointed, as far as possible, from the nearest place of
\nUnit \/ Zonal Office \/Corporate Office. However out side firm(s) of Chartered Accountants\/Cost
\nAccountants willing to conduct the Internal Audit shall also be considered for
\nappointment, subject to other usual criteria.<\/p>\n

1.3 Internal
\nAuditor(s) will be appointed for a period of two financial years i.e. 2015-16
\nand 2016-17<\/p>\n

1.4 However NPCC
\nreserves the right to withdraw the audit work for non-timely submission of
\nInternal Audit reports,
\nbased on yearly review of performance of the Internal Auditors by the Sub
\nCommittee.<\/p>\n

1.5 Frequency of
\ninternal audit will be once in a year. Internal Audit will be conducted at the
\nclose of the financial year
\ncovering all the months. Internal Audit will be conducted as per Audit Scope
\nprovided hereunder.<\/p>\n

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

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

1.8 Payment of
\naudit fee will be made by A\/c payee cheque\/Electronic mode by the respective
\nZonal Offices \/Corporate
\nOffice after submission of bill or submission of vetted compliance report(s)
\nwhich ever is later. Payment(s)
\n\/ fees will be released only after submission of vetted compliance report(s).<\/p>\n

 1.9 Criteria
\nfor selection shall be in the order of :- i) Fee quoted by the firm. ii) Number
\nand nature of Audit undertaken by the firm during last three years iii) Length
\nof experience of the firm. iv) Number of Partners in the firm.<\/p>\n

 1.10 Bidder
\nmay quote for one or more Zones. Bid shall be evaluated on Zone wise only and
\nlowest bidder for individual Zone shall be considered.<\/p>\n

1.11 The Audit
\nfirm appointed by NPCC shall not sub-contract the work. <\/p>\n

1.12 Firms
\nselected by NPCC shall have to give an undertaking to follow all ethics of
\nfaith and the information provided by NPCC shall be kept strictly confidential.
\nThe Firm shall comply with all the applicable rules and regulations as
\nprescribed under the law.<\/p>\n

1.13 NPCC
\nhas the right to accept or reject any\/all of the offers without assigning any
\nreason thereof. NPCC reserves the right to split the job in one or more
\nagencies without assigning any reason thereof. No claim on this account shall
\nbe entertained by NPCC.<\/p>\n

 1.14 Corrigendum\/addendum,
\nif any, shall be displayed on NPCC website only i.e. www.npcc.gov.in and
\nsame shall be binding on all the agencies.<\/p>\n

1.15 In case of
\ndispute, the jurisdiction will be at Faridabad (Haryana). <\/p>\n

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