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 Haryana State Legal Services Authority, Panchkula, Haryana
 Engineering Projects (India) Limited, Guwahati, Assam
 Corrigendum National Cooperative Development Corporation, Hauz Khas, New Delhi
 The Cotton Corporation of India Ltd., Aurangabad, Maharashtra
 Tamil Nadu Infrastructure Fund Management Corporation Limited, Chennai, Tamil Nadu
  General Insurance Corporation of India, Mumbai, Maharashtra
  Indian Institute of Science Education and Research, Kolkata, West Bengal
 India Post Payments Bank Ltd., New Delhi, Delhi
 India Trade Promotion Organisation, New Delhi, Delhi
  Madhya Pradesh State Tech e-Panchayat Society, Bhopal, Madhya Pradesh
 Hindustan Copper Limited, Bharuch, Gujarat
 West Bengal State Electricity Distribution Company Limited, Kolkata, West Bengal
 The Kolar And Chikballapura District Cooperative Central Bank Ltd., Kolar, Karnataka

Corrigendum National Cooperative Development Corporation, Hauz Khas, New Delhi
January, 14th 2022

 NATIONAL COOPERATIVE DEVELOPMENT CORPORATION

An ISO-9001:2015 Certif ied Oqannation
Tel. No. 01 1 -26567956
Fax : 011-26516032 Ministry ofCooperation, Government of lndia
Email : hkaur@ncdc.in General administration Division

4-Siri lnstitutional Area,
Hauz Khas, New Delhil 10016 lndia

Website: www.ncdc.in

{I-{.B.ft .: t.lr201 l).glg. R:rrrd: to/ol/2022

CORRIGENDUM

Tender notice No.: NCDC: 1-1/2020/GA Date: 15.u,2021
Tender lD -2021_DACO_633034_1 Date : 15-11.2021

With reference to above mentioned tender invited by this office and uploaded on website
of NCDC and CPP Portal for Engagement of firm of Chartered Accountants as lnternal Auditor of
NCDC for the year 2022-23, the minimum fee of the tender is < 3,27,6001- +GSf. Further the last
date of receiving tender is extended up to 20.0f.2022,

This issues with approval of the competent authority. t
Copy to
Efu<{crc+t{)

fr?r+1m.1.1

1. Chief Director (MlS): With request to kindly upload the notice on website of NCDC & CPP

Portal of Govt. of lndia.

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Tender for Engagement
of firm of Chartered Accountants

as Internal Auditor of NCDC
for the year 2022-23

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NATIONAL COOPERATIVE DEVELOPMENT CORPORATIO N
4, Siri lnstitutional Area,

Hauz Khas, New Delhi- 110016

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Web Site. http c.in Cost of tender: - Free

iof l0
INDEX

Sl.No" Particulars Page No.

Cover Page 2
3
2. Index 4-13
5
Notice lnviting Tender 6-7
8-9
4. Prequalification bid
l0
(i) Particulars of the firm (Annexure - I)

(ii) Scope of work
(ii) Essential Terms and Conditions
(iv) General Terms & Conditions

2ofl0
National Cooperative Development Corporation
(General Administration Division)

NCDC:1-l l2020lGA Date: 15.11.2021

National Cooperative Developrnent Corporation, 4, Siri Institutional Area, Hauz Khas, New

Delhi - ll00l6 invites application from reputed firms of Chartered Accountant 1'or

appointment of Internal Auditor of this Corporation for the financial year 2022-23. The

application may be forwarded to Director (GA), NCDC in a sealed cover with full brief of
the firm along with professional fee to be charged for the work, The last date for receivirrg

the application is 06.12.2021 upto 3:00 pm.

2.. The bid is to be submitted in two separate sealed envelopes with clear markings | 8. 2 (l-
Technical Bid & 2- Financial Bid) and both the envelopes are to be placed in a third
envelope. The third or outer envelope is to be superscribed as EXPRESSION OF'

INTEREST FOR APPOINTMENT AS INTERNAL AUDITOR.

3. The Offer (duly filled in and signed) must reach the office of the Director (GA), NCDC by

3.00 PM on 06.12.2021. Technical Bids will be opened on 06.12.2021 at 4:00 pm. Bidders
or their authorized representatives may participate in the meeting held for opening of

technical bid.

4. The bid should be accompanied with "Bid Security Declaration" accepting that if the bidder

withdraws or modifies its bid during period of validity etc. they will be suspended frorn participating
in tender process of the NCDC for a period of one year. An undertaking in this regard shall be

submitted with the bid documents.

5. The financial bid of only those firms will be opened whose technical bid are found to be acceptable

as per the eligibility criteria mentioned in the tender document.

6. The Financial Bid should clearly indicate whether the price quoted is inclusive or exclusive

of taxes.

7. All the documents submitted may be self attested.
8. Final selection of the internal auditor will be made after the approval of Board of

Management, NCDC. The Corporation reserves the right to accept any or reject all the

tenders without assigning any reasons thereof.

9. The tender document can be downloaded from NCDC's website rvwvr,.rrcclc.in. Each page

of the tender document should be signed by the bidder. For any clarification in the matter.

the office of the Director (CA) may be conracted at Ph: 0ll-26565346.

n 1-

?l,q

(Harinder Pal Kaur)

Director (GA)

Copy to: CD (MIS) with request to upload the tender document on the CPP Portal and the

Corporation's website.

3ofl0
PREQUALIFICATION
BID

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I
Annexure-I

Particulars of the Firm
S.No Particular

1 Name of the firm

2 Regd. Office Address

J Delhi Address

4 Telephone No

5 Mobile No.

6 E-mail address

7 No. of partners of the Firm

8 Date of establishment of firm

g Annual turnover of firm

a.2018-19

b. 2019-20
c. 2020-21

10 Registration with C&AG

l1 No of Govt. bodies/ PSU/ Autonomous

bodies audited

12 CST No of the firm (enclose a copy)

l3 Any other relevant information

Signature of the bidder/ firm
(Name and address of bidder/ firm with seal)

(Please attach self attested separate sheet if required)

5 of l0
National Cooperative Development Corporation

Applications are invited from reputed firms of Chartered Accountant for appointment of
Internal ALrditor of this Corporation for the financial year 2022-23. The application may be
forwarded to Director (GA), NCDC in a sealed cover with full brief of the firm along with
profbssional fee to be charged for the worl<. The last date for receiving the application is

06,12.2021 upto 3:00 pm.

About NCDC:

NCDC is a statutory Corporation set up in I963 under an Act of Parliament. NCDC has 20
olfices across India, with Head Office at New Delhi, l8 Regional Offices in dilferent States and

a Training Academy at Gurugram.

The ob.iectives of NCDC are planning and promoting programmes for production, processirrg,

marl<eting, storage, export and irnport of agricultural produce, foodstuffs, industrial goods,

livestocl< and certain other notified commodities and services on cooperative principles aid fbr

matters concerned therewith or incidental thereto.

NCDC provides liberal assistance to strengthen and develop cooperatives to the extent of 90-
95% of tlre project cost which may include subsidy component of 15-25% under certain schenres

to cooperatives in various States.

The Scope of Internal Audit will be as follows:

NCDC is a financial institution with 20 offices across India, with Head Office at New Delhi, l8

Regional Offices in different States and a T'raining Academy at Gurugram. The firm will be

appointed for internal audit for NCDC as one unit.

L Checl<ing of accounts maintained: The firm of internal aLrditors will scrutinize records

to see that the accounts maintained are accurate. For this purpose internal audit will
scrutinize all transactions accounted for in books with reference to initial documents like

banl< voucher, journal voucher, cash voucher, 'pay roll, files of advances given to

cooperative societies and state government, records of Covt. grants, records of regional
offlces, records of statutory dues, worl< contracts etc. and checl<ing of books of accounts

lii<e general ledgers, banl< book and flnal accounts.

2" NCDC EP Fund and Employees Superannuation Scheme: The internal auditors will
verify and audit the transactions of the NCDC EP Fund and NCDC Employees

Superannuation Benefit scheme.

3. Taxation: Calculation and verification of all statutory liabilities Iike Income tax, TDS on

Income Tax, GST, TDS on CST and any other taxes.

4. Internal control / internal check:To safeguard against defalcation and fraud, the firrn

of internal auditors will review the effectiveness of the internal control system on a

continuing basis. Any weal<ness observed will be reported to management and

sLrggestions made to remove the weakness.

5. Observance of rules, regulations and proper delegation of powers: The firm of
irrternal auditors will also checl< conrpliance with rules, regulations and accounting

policies irr letter and spirit. Internal audit will also bring to the notice of the management
any cases of obsolete rules and procedures for rectification. Besides internal audit will see
that acts done, expenditure incurred and approvals given are within the frame work of the

delegation of powers.

6ofl0

I
6. Observance of rules, regulations and impartialiff in examination/ sanctioning of

proposals: The internal auditors will review the proposals examined/ sanctioned by the
Programme Divisions from the point of view of observation of funding guidelines of the
Corporation,fair & impartial examination and financial propriety.

7. Financial proprietyi economy & cost controls: The firm of internal auditors will review

the transactions not only to checl< their regularity, but also from the point of.view of

economy and financial propriety.

8. Fixed asset accounting: The firm of internal auditors will examine if the assets are

properly safeguarded. Auditor will verify that assets purchased are properly entered in

assets register, that the administration departrnent conducts a periodical verification of
assets and discrepancies, if any, are reported and investigated.

9. Physical verification of stores: firm of internal auditors may also be entrusted with the

responsibility of reviewing the report of physical verification of stores conducted by the
administration department and discrepancy if any are reported.
10" Management reports: Preparation/help/check in preparation of any information/ reports

required by the management as and when required.

I l. Statutory Audit: Assistance at the time of Statutory Audit/Govt. Audit of NCDC and

help in the preparation of compliance of audit reports.

7 of l0
Essential terms & conditions:

l. The firm must have minimurrr of 5 partners.

2. The firm should be empanelled with CAG for at least last l0 financial years. Copies of

CAG ernpanelment certificates to be enclosed with the bid.

3. The firm should have a minimum average annual turnover of Rs. 2.00 crore in the past

three financial years. Copies of the audited annual accounts of the last financial year to

be enclosed with the bid.

4. The firm should have at least l0 year experience in Internal Audit of Govt./PSU/Banl<s/

ALrtonomous Body. Copies of worl< award certificates to be enclosed with the bid.

5. Firm must have'Head or the Branch office in Delhi/NCR. Deqlaration on letter head, that

the team will be based in Delhi,rNICR and address of the Head/Branch office to be

provided with the bid,

TechnicalBid - Selection Criteria (Points Allocation)

SI Particulars Points to be allocated Maximu Supporting Documents
m Points
I Number of years a)more than 30 years - Registration certificate of the
of establislrment 25 points 25 firm issued by the ICAI.
of the firm
b) 20 -30 years - 20 (twenty Information related to year of
five)
points establishment of Head Office(s)

c) Less than 20 years- & Branch office(s). Details of

l5 points partners and their membership

2 No. of partners of a) 4 (four) for each 25 nos. etc as indicated in the

the firms partner (twenty certificate.

b) 5 (five) for each five) Registration certificate of the

DISA partner firm issued by the Institute of

c) 5 (five) for each Chartered accountants of India.

FAFD partner Copies of appointment orders

J Experience of the I (one) per audit of 25 The audited annual accounts of
firm in audit/ PSU/ PSU Bank/ Govt (twenty audit firm.

internal audit of Autonomous body five)

PSU/ PSU Banl</

Govt,

Autonomous Body

4 Average turnover a) Above Rs. 4.00 crore 25

of last three years - 25 points (twenty

(F.Y" l8-19, l9- b) 3.00 to 4.00 crore - five)

24,20-21) 20 points

c) 2.00 crore - less than
3.00 crore - l5 points

8ofl0
The EOI is to be submitted in two separate sealed envelopes with clear markings I S. Z (l-
Technical Bid & 2- Financial Bid)
outer and both the envelopes are to be placed in third envelope. The
third or envelope is to
be superscribed as EXPRESSION OF INTEREST FOR.

APPOINTMENT AS INTERNAL AUDITOR.

Only those firms who secure at least TOoh andabove marks as per selection criteria mentioned
above shall be considered for opening of financial bid.

METHOD OF SELECTION:. QUALITY & COST BASED SELECTION (QCBS)

1' Technical Components will carry 70Yo weightage and financial component will carry

30% weightage"

2. The bids of eligible bidders will be scrutinized by Evaluation committee (EC).
3. The minimum qualifying marks in the technical evaluation shall beT}ohof the total score

for technical component"

4. Only those bidders, who qualify technically, would be considered for financial

evaluation.

5. Weight for financial parameters - Proposal with the lowest cost will be given a financial
score of I00 and other proposals will be given financial scores proportionately with

ret'erence to score of lowest price bid.

6" The total scoi'e will be obtained by combining the Technical and Financial scores. Only

successful bidder would be communicated the award of consultancy assignment.

9ofl0
General Terms and conditions:

l. The appointment of internal auditor will be for an initial term of one year which may, if

NCDC so desire, be extended for two more years, one year at a time, subject to

satisfactory performance and approval of Board of Management, NCDC.

2. In case the service of the firm is not found satisfactory, the NCDC reserves the right to

cancel the contract any time.

3, The bidder should furnish a declaration (to be signed by the authorized signatory) that his

firm has not been blacl<list in the past by any Ministry/ Department/ Autonomous Body/
PSU/ any other organization.

4. NCDC reserves the right to accept/ reject any bid and to annul the bid process and reject

all the bids at any time/prior to the award of the assignment, without assigning of any

reasons,

5, One flrrn is allowed to submit only one bid, If more than one bid is submitted by a firm,

all the bids subrnitted by the firrn will be rejected.

EMD
The bid should be accompanied with "Bid Security Declaration" accepting that if the bidder withdraws or
modifies its bid during period of validity etc. they will be suspended from participating in tender process
of the NCDC for a period of one year. An undertaking in this regard shall be submitted with the bid

documents.

Security Deposit
T'he successful bidder shall furnish a refundable Security Deposit of 3% of Contract Value in the
fbrm Banl< Guarantee or DD in favour of "National Cooperative Development Corporation"
arrd payable at New Delhi. Security Deposit shall be returned to the contractor after successful
completion of the job. No interest shall be payable on the Security Deposit.

Payment Terms

25o/o of total lees will be paid at the end of each quarter subject to completion of work for the

qLrarter to the satislaction of NCDC. TDS/applicable taxes shall be deducted from the fees paicl
by NCDC.

Evaluation of Bids

l" Bids that do not comply to terms and conditions, instructions, qualifications will be

considered non-responsi ve.

2. Only those firms who secure at least 70o/o in the technical bid will be considered tbr

opening of financial bid.

3. Bidder with the highest score/ points, combined of financial and technical bids, among

the responsive bids will be declared successful bidder.

4. In case there are more than one bidders with same score/ points the bidder with highest

average turnover of last three F.Y. will be consider the successful bidder"

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