Notice Inviting Expression of Interest for engagement of eligible
Consultancy Firms/ Chartered Accountants Firms for carrying out the
Project Management Consultancy Services (PMC) for Automation of
Accounts related activities of the Institute of Chartered Accountants
of India (ICAI)
[Announcement No. EOI/Accounts/PMC/2019-20 Dated 04/07/2019]
==================================================
ICAI invites applications from eligible Consultancy firms / CA firms for
carrying out the Project Management Consultancy Services (PMC) for
Automation of Accounts related activities of the ICAI.
A. Eligibility Criteria:
1. Basic Criteria:
Consultancy Firm / CA Firms 's standing should be of at least 10
years.
Consultancy Firm/ CA Firms should have at least 2 Chartered
Accountants / Partners of FCA level, who have a continued
association/employment of 2 years or more with the Consultancy
firm/CA Firm.
The average Annual Turnover/Gross Receipts of the Consultancy
Firm/ CA Firm should be at least Rs 2 crores in the last three
financial years
The firm should have relevant experience (ERP Accounting
Implementation) of 10 years and the same to be demonstrated by
providing proof of successful execution of similar PMC services
(certificate/copy of work order/completion certificate etc. be
enclosed).
Consultancy Firm/ CA Firms should have executed minimum 2
assignments of organisation having more than 50 offices / units
in last five years.
Head Office/Branch Office of the Consultancy Firm/ CA Firm
should be located at the Delhi/ NCR.
2. Disqualifications: The Firm shall not be eligible to apply if:
The Chartered Accountants Firm or any of its partners has been
declared guilty of any professional and/or other misconduct under the
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provisions of the Chartered Accountants Act, 1949 during the current
year and immediate past five years.
Any of the partners of the firm or their relative is / was a member of
Central Council/ Regional Council, Branch Managing Committee of
ICAI during last four years.
The Firm have been black- listed by any Government/Government
Agency in India during last five years.
Declaration:
The Firms while expressing their interest shall be required to submit a
declaration that they do not suffer from any of the above
disqualifications and the details furnished in this regard are true and
correct. Any incorrect information furnished by the applicant shall lead
to rejection of the application.
B. Scope of Work:
1. The scope of work/services to be rendered shall include:
1.1 Project Management Consultancy Services (PMC) in Automation of
Accounts related activities to Conceptualise, Visualise, prepare &
finalize EOI/RFP/Tender, identification & selection of vendors as per
ICAI Purchase policy, monitoring, implementation of projects and
post go live support to make the projects successful.
1.2 Project Management Consultant shall ensure alignment/integration
of all automation/developments on one platform, Cost benefit
analysis of each process and stages involved with recommendation
and adequate justifications, Guiding on optimum resource
(manpower and infra) mobilization & application thereof from initial
to go live phase, Integrating and Documenting of each projects in
form of governing documents and timely updation of such SOP till
all projects go live.
2. The detailed tentative Scope of work/activities to be undertaken by
Project Management Consultant shall be as mentioned and enumerated
hereunder.
2.1 Collection Portal/POS Scheme
Collection Portal/POS Scheme: Fee collections through online shall
be recorded line item wise which should match with total bank
collections net of refunds and provide exception report for resolution.
Control for complete audit trail and statutory configuration - Every
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receipt transaction to hit Advance (Liability) first & then to Income with
line item tagging for audit trail.
User creations (Members/Students/ Departments/Committees/
Branches/ Chapters etc.)
Vendor Section (Drilldown option for selecting HO/RC/DCO/
Branch/ Chapter/ Study Circles )
Having facility to be logged in by the respective unit as well as
member and students through passwords, for making the
payments by selecting nature of activity
Auto fill of the desired details of members/ students after login
i.e. address, mobile number, email id, GSTIN, etc,
Auto charging applicable GST as per nature of activity
Generation of GST Invoice on the basis of the login details
Having facility for all units, members, students to store the data
i.e. payments, invoices etc. and accessible through passwords by
the authorized user only
Breakup of Advance receipts members and students wise, Fee
breakup as per nature/type of fees (COP/Associate/Fellow) etc.
Maintaining of Member wise ledger /Student wise ledger to
provide balances & Invoice level details
Invoicing for b2b as well as B2C & mailing to concerned
Exceptions Reporting required in case
Advance VS Actual date of service
Accrued Vs collections
Billed Vs cancellation
2.2 Payment Process
2.2.1 Vendor Payment Process
Uploading the vendors details
KYC of Vendors at regular intervals
Uploading of invoice
Verification of Invoice (available budget)
Rejection / Approval of Invoice
If rejected auto intimation to all concerned
If approved Auto numbering of Voucher
Recording of Transaction
Approval of Transaction
Payment Approval
Intimation to Payment Team
Auto updation of the Payment details, i.e. net amount,
TDS to all units and vendors
Balance Confirmation emails at regular intervals with
vendors
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Document Management System: Transaction base
documents like bills, approvals etc. within the voucher
itself for checking as attachment to avoid looking hard
copies of voucher supportings
MIS & exceptions reports: Nature wise/ Period wise/vendor
wise/ cost unit wise /Branch wise/ Region Wise/
Department/Committees/DCOs/ HO level. Reports should
be grid or table based
Excel based templates for import of bulk transactions for
Purchases line items wise for exhaustive details
2.2.2 Payment Process of Utility Bills
Utility Bills: Water, Electricity, Internet, data card bills, mobile,
telephone etc. and insurance of assets
Uploading of bills
Verification of bills
Rejection / Approval of Invoice
If rejected auto intimation to all concerned
If approved Auto numbering of Voucher
Recording in books
Payment of bills
Auto updation of the Payment details
MIS & exceptions reports: Nature wise/ Period wise/vendor
wise/ cost unit wise /Branch wise/ Region Wise/
Department/Committees/DCOs/ HO level. Reports should
be grid or table based
Pop up feature for reminder in case bills/invoice not
received as per regular frequency
2.2.3 Insurance of Assets
Selection of adequate insurance policy for each asset
Approval of the policy and premium amount
Linking with payment process & Accounting Module
Generation of various types of MIS reports including assets wise/
location wise/value wise etc.
Auto Popup feature for timing/due dates of insurance
2.2.4 Council Payments
Council Members (CCM/RCM/ Branch Managing Committee)
Co-opted Members (CC/RC/ Branch Managing Committee)
Special Invitees (CC/RC/ Branch Managing Committee)
Separate Advance Account to record transactions like
travelling/ payments made on behalf of members
E- TA/ DA form with online facility to fill in
Separate login ID
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Payment and Auto updation in ledger Accounts and its
auto linking with E- TA/DA form
If there is any debit balance auto SMS/Email at regular
intervals
Protection of data
MIS & exceptions reports: Nature wise/ Period wise/
Member wise/ cost unit wise /Branch wise/ Region Wise/
Department/Committees/DCOs/ HO level
2.2.5 Foreign Remittances
Payments for Participation in Foreign
Conferences/Seminars/Meetings
Payment of Expenses relating to ICAI overseas Chapters/
Offices (Dubai)
Payment of expenses relating to Exam Centres in foreign
Countries
Payment of Membership fee subscription of Foreign
Bodies
Any other payments as approved
Process
Uploading of Approval Note for remitting foreign
payment
Verification of invoice
Approval of payment
Recording in books
Payment with supporting documentation
Auto updation to concerned body and the
participant
MIS & exceptions reports: Nature wise/ Period wise/ Participant wise/ cost
unit wise /Branch wise/ Region Wise/ Department/Committees/DCOs/ HO
level.
2.2.6 Statutory Compliances (System should provide every statutory
report required as per law)
(I) TDS
TDS Payable
Auto Deduction of TDS at the prescribed rates, at the time of
making the payments/processing of bills
Data for TDS returns (in desired reporting format)
TDS reconciliation with TDS Return
Generation of Form 16 & Form 16A
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TDS receivable: TDS receivable Bank wise/ customer wise/ unit wise
in a way to enable reconciliation with Form 26AS
Accounting for refund should be unit wise as per the reconciliation of
Form 26AS
TDS reports Income Tax Section Wise with further breakup at nature of
expense/income level. All reports have complete trail & reconciliation
with books at ledger & group level.
(ii) Income Tax
Reports relating to exemption section 35(1)(iii)
Data for filling of annual returns, filling for exemption etc.
Data relating to exemption under Scientific Research Organization
(SIRO) / Exemption u/s 80G.
(iii) Goods & Service Tax (GST)
Ensuring GST compliance (31 registrations, Taxability, ITC, Tax
Payments, Returns)
Auto recoding of GST at the prescribed rates, at the time of making the
payments or receipts
Purchase register should have proper input tax credit
tagging for eligible, ineligible & common and should enable
mapping with GSTR2A vendor related transactions from
GST portal
Sales register should be exhaustive enough to provide
detail of complete income as per FS with breakup line item
& nature wise, taxability)
Data/Generation of GST returns (in desired reporting format)
Tax ledger reconciliation and Matching with GST Portal
GST on taxability of advance & reverse charge shall be captured and
identifiable for linking to specific transactions.
Availability of every statutory report required as per law. All reports
having complete trail & reconciliation with books at ledger & group
level.
2.3 Banking System (Clearing House) and Auto BRS
Selection of Bank and MOU for desired services by ICAI
Generation of Unique reference number for all receipts and
payments by any online mode debit/credit cards, NEFT,
Paytm etc.. and the same should be linked to Bank for
processing.
This should be mapped with Bank Statement for Auto BRS.
Tagging Accounts Payable, Accounts Receivable, and Payroll
cheques/ NEFT/RTGS etc. as cleared, and entering service
charges and other miscellaneous debits and credits, reporting
the differences.
System should prompt to record additional Bank transactions.
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Linking with Accounts Module for auto BRS
Generation of Customised MIS
2.4 Accounting Software/ERP/ Dash Board/Finalization of Accounts
Capturing of year end provisions/closing entries
Aging of balances as per the requirement
Schedule of assets, liabilities , expenses, incomes as per requirements
Trial Balance/ Balance Sheet - Unit wise/ company wise/
consolidated
Ind AS compliant
2.5 PAYROLL Processing and Staff Payments
Validation of data of Employees at regular intervals on the basis
of category of employees (Permanent, Temporary, RC level, DCO
level, Branch level)
Verification and approval of monthly payroll for different
categories of employees (Permanent, Temporary, RC level, DCO
level, Branch level)
Income Tax compliance with verifications proofs and declarations
Verification and processing of Different categories of Loans/
Advance to Staff, Housing, Vehicle, Household Assets, Medical,
Computer, Diwali, Personal Loan and auto updation in records
Payment of insurance premium on Medical Insurance or any
other insurance of employees and its auto updations
Availability of Data for Actuarial Valuation of Leave Encashment,
Pension & Gratuity for all employees
Payments in Settlement cases on resignation and retirement
and recording the same
TA/DA/LTC Payments pertaining to Employees
Other miscellaneous payments pertaining to employees
Pension Processing and data verification
MIS & exceptions reports: Nature wise/ Period wise/ Employee
wise/ cost unit wise /Branch wise/ Region Wise/
Department/Committees/DCOs/ HO level.
2.6 Fixed Assets Register/ Schedule- cloud based
Fixed Assets module liking with accounting
Fixed Asset Accounting should be complete with item wise
date wise details.
Asset purchase & disposal with gross block & net block to be
made available in system reports.
Based on FA group & Item level rate configuration should
enable auto accounting for depreciation with Fixed Assets
Schedule
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2.7 Interunit Reconciliation (Auto Reconciliation mode : should be
reconciled at all points of time)
Auto capturing of Inter Unit transactions between Head Office
& Branches/DCO's/RC's and Branches/DCO's/RC's with
other Branches/DCO's/RC's
For Inter Unit accounting, all transaction shall automatically
flow from one Unit to another & vice versa for approval before
posting.
Differentiating between the branch to branch transactions
as well as branch to HO/Nodal Office and providing correct
picture of inter unit transactions at consolidation level
2.8 Treasury and Investment
Availability of all investments (FDR and other Investment
Details) item wise, date wise, category wise, with feature to
record interest due, amortization for the period automatically.
Auto recording of interest mapping with the Bank details
Generation of MIS/Reports ( Investments as per law reports
for deviations)
Link with Investments Portal:- Portal for investments wherein
Banks may bid in encrypted for the investments of the ICAI
Automation of Investment related activities and Fund
management of the ICAI
2.9 Inventory Management
Linking with CDS for accounting purpose (both for
publications as well as items)
Auto recoding of sales entry with statutory compliances
(GST)
Robust to keep real time stock situation updated with
physical stock.
Availability of Data for Inventory valuation
2.10 Budgetary Control and Processing of Grants (Capital & Revenue)
2.10.1 Budgetary Control
Budget codes for all units as cost centre wise
Recording of Budgets by the units at cost centre wise
(department/committee/branch/regional council/DCOs)
Consolidation of data after the approval - Approval of budgets
by the Approver should revise/validate as per the mandate
which should be enforced at group/ department/
ledger/activity level - transaction level.
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Reporting Budgets at group/department/ledger/activity level
at Unit, Region, Consolidated level.
Checking the budget code allotted to the different committee
of the ICAI and GL Codes of the respective Expenditure head
of the ICAI to ensure budgetary control over the vouchers.
Variance analysis should be readily available at group, Unit,
Ledger, Department, Activity & consolidated level
2.10.2 Capital Grants (released on Request Basis)
Online Template of Capital Grant to be filled by the respective
unit
Approval of grant
Payment process
Auto emails to RCs, Branches, DCOs and other officials relating
to grants, etc.
Revenue Grants (Released on due basis)
Online Template of the Revenue Grant
Revenue Grant (Staff & Admin Grant, Adhoc Grant, Revenue
Grant etc.)
Linking with data count of members and students (branch wise)
Approval of grant
Payment process
Auto emails to RCs, Branches, DCOs and other officials relating
to grants, etc.
C. Details of Projects:
The Project Management Consultant shall be required to provide PMC
services in respect of the following Projects.
S. NO. Project Brief details of necessary
requirements
1 Receipts Process & Online Collection Portal with linking of
Collection Portal AR Accounts Module, Students and members
Data base, CPE, Invoicing, Banking, also
ensuring Statutory Compliances like, TDS,
GST, Income Tax etc. (Refer 2.1 above)
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2 Payment Process & Payment Portal with Document
Payment Portal AP Management System (DMS), having
limited access to vendors for
(Centralised Payment
uploading details and getting online
System including Vendor
responses, linking with Approvals
Payment Process, Payment
and Banking System (Clearing
of utility bills, Insurance of
House) through APIs and Linking
assets, Council Payments,
with Accounting Module (Refer 2.2
Foreign Remittances and
above)
Statutory Compliances
TDS, GST, Income Tax,
FEMA etc.)
3 Banking System (Clearing MOUs with Banks to provide the
House) to have auto BRS requisite services to ICAI and
facility availability of desired reports and
automation of information and
linking of collection and payment
Portal (receipts/ payments) with
Accounts module (Refer 2.3 above)
4 Accounting Software/ Accounting Software -ERP system as
ERP /Dash board platform, dashboard reports to suits
reporting various Key Management Personnel
in their decision making requirement
& to overview day to day
performance and having features of
transactions recording and reporting
as per IndAS. (Refer 2.4 above)
5 Pay Roll Processing & Payroll Portal and linking with
Staff Payments Accounts Module (currently HR
works is being used in ICAI but
limited purpose), Attendance &
Leave Module with Payment
Instruction considering statutory
requirements, Financial Integration,
Reporting. (Refer 2.5 above)
6 Fixed Asset Register- Separate Portal/ Online Asset
cloud based Register for tracking movement of
assets and linking with Accounts
Module, Project Monitoring
including Asset Master Data, Asset
Classification, Asset Purchase
Process, Multiple Depreciation
Method, Depreciation Run,
Composite Asset, Asset Tagging,
Asset Retirement, Inventory to Asset
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Transfer & Vice-versa, Asset
Reporting etc. (Refer 2.6 above)
7 Inter-unit Reconciliation The various entries standing among
Branches/RCs & HO need to be
(Developing System/SOPs
properly documented & reconciled,
for auto interunit
Proper recording & consolidated
reconciliations)
books of accounts. (Refer 2.7 above)
8 Treasury and Investment Portal for Investments/ Automate
Management treasury operations, get real-time
visibility into funds positions,
forecasting and liquidity
management, minimise financial
risk, Comply with accounting
regulations, and more. (Refer 2.8
above)
9 Inventory Module (CDS) Refer 2.9 above
10 Budgetary Compliances Separate Portal (RBA Portal, Infra
and Processing of Grants Portal) and linking with Accounts
(Capital and Revenue) Module (Refer 2.10 above)
D. Schedule of Deliverables:
Phase I (Design Phase): till appointment of Vendor for development of
the aforesaid portals : 2 Months from the date of allotment of work
Phase II (Monitoring & Implementation Phase): will be concurrent to
that of the Portal Developer Vendor: 4 months from the date of
completion of phase I
Phase III (Post Implementation Phase): Post Go Live : 2 Months from
the date of completion of Phase II
E. Submission of EOI
Technical (Form A) and Financial bids (Form C) should be kept in separate
sealed envelopes super scribing "Technical Bid, "Financial Bid and the
two bids be placed again in a single envelope super scribing "Project
Management Consultancy Services (PMC) for Automation of Accounts
related activities of the Institute of Chartered Accountants of India
(ICAI)". The duly filled in Bids be submitted to Joint Secretary (Accounts),
Accounts Department, 5th Floor, Research Block, ICAI Bhawan, The
Institute of Chartered Accountants of India, A-29, Sector 62, Noida 201309
latest by 24th July 2019 up to 1600 hours.
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F. Other Terms & Conditions:
1. Interested Consultancy Firms/ CA Firms which meet the pre-
qualification criteria may furnish their Expression of Interest at the
following address latest by 24th July 2019 up to 1600 hours:
Joint Secretary (Accounts),
Accounts Department, 5th Floor, Research Block
ICAI Bhawan, The Institute of Chartered Accountants of India,
A-29, Sector 62, Noida 201309
2. There shall be no fee for the application.
3. Queries, if any, in this regard may be sent to accountstender@icai.in
The last date for receipt of queries regarding submission of expression
of interest is 16th July 2019 up to 1600 hours.
4. Pre-bid Meeting will be held on 17th July 2019, at 2nd floor, Research
Block, The Institute of Chartered Accountants of India, ICAI Bhawan,
A-29, Sector 62, Noida.
5. The application for the said assignment should be submitted latest by
24th July 2019 up to 1600 hours.
6. Any amendment / corrigendum / clarification to the EOI will be posted
on the website of the Institute of Chartered Accountants of India, i.e.
www.icai.org.
7. The ICAI shall not be liable for non-receipt/Late receipt of any of the
EOIs.
8. The ICAI reserves the right to reject any of the applications or whole
process without assigning any reason at any time and may call for
any other details or additional information from any of the applicants
/members at its own discretion. Non submission of details sought for
will render the firm ineligible for the assignment. In this regard, the
decision of ICAI shall be final and binding on all the applicants.
9. The decision of the ICAI shall be final as regards to the criteria to finalize
the firm out of the applications so received.
10. Incomplete applications shall be summarily rejected.
11. Assignment shall be conducted by appointed firm only and shall not be
allowed to sublet the assignment.
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12. The firm shall maintain confidentiality of information obtained during the
course of assignment.
13. The engagement of the selected firm shall be initially valid for a period of
nine (9) months. If the parties so desire, the period of contract may be
extended further on mutually agreed terms.
14. Notwithstanding anything contained at clause 13 herein above, the
engagement of the appointed firm shall terminate on completion of the
assignment. However, ICAI may terminate the engagement of the firm, at
any time, without assigning any reason. In such cases, the firm shall not
be eligible for any remuneration from the date of termination.
15. In case of any dispute or difference arising out of or in connection
with any of the terms and conditions to this Notice / Engagement, in
the first instance, the parties shall try to resolve the same by mutual
consultation, failing which the same shall be referred to the sole arbitrator
to be appointed mutually by the parties. The Arbitration and Conciliation
Act, 1996 and any statutory modification or re-enactment thereof, shall
apply to these arbitration proceedings. Arbitration proceedings shall be
held at Delhi and the language of the arbitration proceeding shall be in
English. The arbitral award shall be final and binding upon both the
parties. All arbitral awards shall be in writing and shall state the reasons
therefor. The cost of the arbitration shall be borne by both the parties.
16. Subject to the arbitration clause as mentioned above, the Courts at
Delhi/New Delhi shall have the exclusive jurisdiction to try any suit in the
matter.
17. The Bids shall be valid for a period of 90 days from the last date for
submission of the Bid.
G. Bid Opening, Evaluation Process and Selection Procedure
Evaluation criteria will be based on evaluation of the bidder meeting the
technical qualification (including eligibility criteria) and subsequently
evaluation of financial bid. The evaluation shall consist of following phases:
Phase I Evaluation of Technical bid
Phase II Evaluation of Financial bid
It is mandatory for the bidder to qualify all the Technical qualifications
(including eligibility criteria) to be technically qualified and for being
considered for opening of their Financial Bid and evaluation thereof.
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Phase I: Evaluation of Technical Bid
Detailed technical evaluation shall be carried out and other conditions in the
tender document to determine the substantial responsiveness of each tender.
For this clause, the substantially responsive bid is one that conforms to all
the eligibility and terms and conditions of the tender without any material
deviation.
The evaluation committee may call the responsive Bidder(s) who comply all
terms and conditions of the tender for discussion and presentation to facilitate
and assess their understanding of the scope of work and its execution. The
service provider should give a detailed presentation on how their methodology
is best suited for ICAI.
Phase II: Evaluation of Financial Bid
The financial bid shall be opened of only those Bidders who have been found
to be technically eligible. The financial bids shall be opened in presence of
representatives of technically eligible Bidders, who may like to be present.
ICAI shall inform the date, place and time for opening of financial bid.
The Score of Technical Proposal:
S. No. Technical Parameters Checklist Maximum Marks
1 No. of Projects in ERP Accounting 20
Implementation having more than 50 offices
/ units executed in last five years
2 assignment 10 Marks
3-5 assignment 15 Marks
Above 5 assignment 20 Marks
2 Average Annual Turnover for last three years 15
(Year 2015-16, 2016-17 and 2017-18)
Rs. 2 Crores 5 Marks
Above 2 Crores 5 Crores 10 Marks
Above 5 Crores 15 Marks
3 Experience in ERP Accounting 20
Implementation
10 years 10 Marks
Above 10 years 15 years 15 Marks
Above 15 years 20 Marks
4 No. of Chartered Accountants / Partners of 15
FCA level having continued association/
employment of 2 years with the applicant.
2 CAs / Partners 5 Marks
3-5 CAs / Partners 10 Marks
Above 5 CAs / Partners 15 Marks
5 Presentation 10 marks 30
Proof of Concept (POC) - 20
Total 100
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Form A
Technical Bid
Details to be filled by Bidder on Letter Head
S. Items Information to Attachments
No be Filled by (If any) &
Bidder Page Number
1. Name, Address, Mobile, (Please Specify)
Landline, email and other details
2. Name and address of the partners (Please Specify)
3. Year of Establishment and Nature (Please Specify) Registration
of business carried by the firm Certificate
4. Branches and Offices in cities in (Please specify)
India
5. Related organizations/sister (Please specify)
concerns and their address
6. GST, PAN and Bank Account (Please specify) GST, PAN and
Details Cancel
Cheque
7 Persons authorized to execute (Please specify) Declaration
documents with ICAI Letter on
Letter Head
by Authorized
Person.
8 The Bidder average annual (Please specify) Self-
turnover of during last three Declaration &
financial years i.e. 2017-18, 2016- Audited
17, 2015-2016 Balance Sheet
of Last 3
Years.
9 Bidder Number of Years' (Please specify) Self-
experience Declaration &
Copy of Work
order.
10. Total Number of (Please specify) Self-
Partners/Permanent Technical Declaration
Employee involved PMC
11. Total Number of PMC Successfully (Please specify) Self-
Completed by Bidder. Declaration
and PO/Client
Certificate
Note: ICAI may ask further Detailed supporting documents for point number
1 to 11 during the evaluation process. Submission of False
Information/Misleading Information may lead to disqualification for Bidder.
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Form-B: Covering Letter & (On Bidders Letter head)
Date:
To,
The Acting Secretary, ICAI
Dear Sir,
Sub: Project Management Consultancy Services (PMC) for Automation
of Accounts related activities
Having examined the EOI, I/we, M/s___________, offer our proposals for the
subject works and are in full conformity with the said EOI. We have read
the provisions of EOI and confirm that these are acceptable to me/us. I/We
further declare that additional conditions, variations, deviations, if any,
found in my/our bid, it shall not be given effect to.
I/We agree to abide by the terms and conditions of this Bid, including this
letter, the Technical and Financial Bid, the duly notarized written power of
attorney, and all attachments and it shall remain binding upon me/us and
may be accepted by you at any time before the expiry of the validity period.
I/We hereby declare that all the information and statements made herein
and in the bids are true and any misleading/false information contained in
it may lead to our disqualification.
We understand that you reserve the right to accept or reject any bid.
Dated this [date / month / year]
Authorized Signatory (in full and initials):
Name and title of signatory:
Duly authorized to sign this Bid for and on behalf of [Name of Firm]
Address:
Note: This will be enclosed in original along with both Technical & Financial
Bid.
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Form C: Financial Bid (On the Letterhead of the Bidder)
The Bidder is required to submit sealed quotations in the following format.
Sr. Item Cost in INR
No. (Excluding GST)
1 Phase I (Design Phase): till appointment
of Vendors for development of the
Portals
2 Phase II (Monitoring & Implementation
Phase) : will be concurrent to that of the
Portal Developer Vendor
3 Phase III (Post Implementation Phase) :
Post Go Live
Total: (1+2+3) will Decide L1
Note: ICAI will not be responsible for any other payments apart from the
aforesaid commercials.
Name:
Date:
Sign:
Address with Phone No and E Mail ID:
Stamp:
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