Request for Proposal

Bank of Baroda

Appointment of -1- Concurrent Auditor to carry out Concurrent Audits of Branches/RLBO/CBOs/TFBO/CPC/Other Units For each of the following Zones of Bank of Baroda Namely Ahmedabad Zone (Group I), Ahmedabad Zone (Group II), Meerut Zone (earlier Bareilly), Mangaluru Zone & Rajkot Zone for – 12- months From 01-10-2019 to 30-09-2020

Also Read- E-Tender for Appointment of Concurrent Auditors by RBI

Date: 05th August, 2019

RFP Reference: RFP: CIAD: 111/3

RFP for Appointment of Concurrent Auditors for Branches/RLBOs/CBOs/TFBO/CPC/Other units for -5- Zones/ Groups of the Bank

Request for Proposal (RFP) for Appointment of -1- Concurrent Auditor to carry out Concurrent Audits of Branches/RLBO/CBOs/TFBO/CPC/Other Units For each of the following Zones of Bank of Baroda Namely, Ahmedabad Zone (Group I), Ahmedabad Zone (Group II), Meerut Zone (earlier Bareilly), Mangaluru Zone & Rajkot Zone for -12-months From 01-10-2019 to 30-09-2020

# Particulars Timeline
1 RFP Issuance Date 05th August 2019
2 RFP Co-ordinator Ashok Jena
Telephone 022-66985284
Email id gm.ciad.bcc@bankofbaroda.com
Address for Proposal
Submission
2nd Floor, Baroda Corporate Centre
C-26, ‘G’ Block Bandra Kurla Complex, Bandra East Mumbai 400051
3 Last Date of Written request for Clarifications Before the Pre-bid Meeting 16th August 2019
4 Pre–bid Meeting 11.00 am 19th August 2019

Address:

Baroda Corporate Centre C-26, ‘G’ Block Bandra Kurla Complex, Bandra East, Mumbai 400051

5 Last Date of Submission of RFP Response (Closing Date) 2.00 pm 26th August 2019
Address: 2nd Floor, Baroda Corporate Centre C-26, ‘G’ Block Bandra Kurla Complex, Bandra East Mumbai 400051
6 Opening of Eligibility Cum Technical Bid 2.30 pm, 26th August 2019

Address:

Baroda Corporate Centre C-26, ‘G’ Block Bandra Kurla Complex, Bandra East Mumbai 400051

7 Date for presentation Eligible short-listed bidders may be invited for a presentation on the Technical Proposal at the discretion of the management. Date for the presentation will be communicated to the short-listed bidders; the Bank’s decision is final in this regard.

# Particulars Timeline
8 Opening of Financial Bid The Financial Proposals of only those who qualify in Technical Proposal will be opened. The date for opening of the Financial Proposal would be communicated separately only to those bidders who are eligible and Technically qualified.
9 Application Money INR 20,000/- (Rupees Twenty Thousand Only)
10 Proposal Security (Earnest Money Deposit or EMD) INR 1,00,000/- (Rupees One Lakh Only) By DD/ Pay order payable on Mumbai or by Bank Guarantee issued by Scheduled Commercial Bank other than Bank of Baroda and should be valid up to 28-02-2020 (in the format given in Annexure -12.)

Definition of Terms used in the RFP:

Following terms are used in the document interchangeably to mean:

1. “Assignment /Job/ Engagement” means the work to be performed by the selected Bidder pursuant to the Contract

2. “Bank or BOB” means Bank of Baroda

3. “BCC” means Baroda Corporate Centre, Bandra Kurla Complex, Mumbai

4. “Day” means business day

5. “ICAI” means Institute of Chartered Accountants of India

6. “Personnel/ Resources” means professionals and support staff provided by the selected Bidder

7. “Proposal/ Bid/ Tender” means Response to the RFP Document

8. “RBI” means Reserve Bank of India

9. “Recipient, Respondent, Consultant and Bidder” means interested and eligible applicants responding to this RFP for Concurrent Audit

10. “Successful/ Selected Bidder” means the bidder selected as the successful bidder by the Bank in accordance with this RFP who is also referred to as ‘Concurrent Audit Firm’

Confidentiality

This document is meant for the specific use by the Firm/ person/s interested to participate in the RFP process. This document in its entirety is subject to Copyright Laws. Bank of Baroda expects the Firms or any person acting on behalf of the Firms strictly adhere to the instructions given in the document and maintain confidentiality of information. The Firms will be held responsible for any misuse of information contained in the document, and are liable to be prosecuted by the Bank in the event that such a circumstance is brought to the notice of the Bank. By downloading the document, the interested party is subject to the confidentiality clauses.

Download Full Text of the RFP Document

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6 Comments

  1. CA. M. Lakshmanan says:

    We, the CAs who are in practice, more particularly the Small and Medium firms, can not apply for this. Whether this area will also be taken away from the small firms by the Big Firms?
    Quoting fees and allotting to the smallest bidder do not seem to be in good taste and not ethical too.
    We are not civil contractors to buy the application and pay EMD.

  2. PADMANABHAN PRAKASH & CO says:

    For reading the proposal itself, the bank has to give an incentive of Rs.20000 instead of asking the auditor to pay application money.

  3. Ashok Shah says:

    RBI has done away with appointing independent auditor function of its. It has delegated this job to Bank’s Management. Branches below 20 crores advances are not subject to audit. They are trying to save money by reducing audit function. Result is now out. Saved penny and made foolish by pound. I mean penny wise pound foolish. Hope better sense will prevail on RBI as well as Ministry of Finance. Ignorant of this ground reality, Mr. Modi Slammed CAs in his speech there by unintentionally becoming tool to tarnishing image of CA in the eyes of public across not only nation but the World at large. Shameful things for both.

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