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The Deposit Insurance and Credit Guarantee Corporation (DICGC), a subsidiary of the Reserve Bank of India, has announced an e-tender for the appointment of a Concurrent Auditor for the financial year 2024-25. This initiative underscores DICGC’s commitment to maintaining high standards of transparency and accountability in its operations. Located in the RBI building in Byculla, Mumbai, DICGC plays a pivotal role in protecting depositors and ensuring the stability of the financial system.

The DICGC’s request for proposal for the appointment of a Concurrent Auditor for FY 2024-25 is a significant opportunity for auditing firms specializing in financial and regulatory audits. This tender not only highlights the corporation’s dedication to adhering to the highest standards of audit and compliance but also offers a chance for firms to contribute to the integrity and efficiency of a key institution in India’s banking sector. Interested firms must prepare their submissions meticulously, adhering to the guidelines and timelines specified in the tender document to be considered for this prestigious role.

DICGC Request for Proposal (RfP) for Appointment of Concurrent Auditor – DICGC ( FY 2024-25)

Office: Reserve Bank of India Building, Second Floor, (Opp. Mumbai Central Railway Station) Byculla, Mumbai – 400008.

This document is the property of DICGC. It may not be copied, distributed or recorded on any medium, electronic or otherwise, without DICGC’s written permission. Use of contents given in this document, even by the authorised personnel / agencies for any other purpose other than the purpose specified herein, is strictly prohibited as it shall amount to copyright violation and thus shall be punishable.

Deposit Insurance and Credit Guarantee Corporation
www.dicgc.org.in

Short Tender: (Brief about the tender for appointment of firm as Concurrent Auditor of the Corporation)

Tender No.: DICGC/HRMD/2/23-24/ET/

Deposit Insurance & Credit Guarantee Corporation (DICGC) invites e-tender for appointment of firm as Concurrent Auditor for FY 2024-25 as per the given scope of work.

2.1 The bids are invited through e-tender on portal of MSTC i.e., www.mstcecommerce.com in two parts viz., Technical and Price Bid. The Technical Bid shall contain details sought regarding various technical particulars of the proposal covering aspects of the firm like name and location, year of establishment, names of its partners, staff, their qualification / experience, registration number of the firm and all other such relevant particulars given in Annexure I (with Appendices 1 and 2)

2.2 The Price Bid shall contain details as per the Scope of Work given in Annexure III and Annexure III(A) and contain the details of the financial bid of the proposal exclusive of taxes, in the format given in Annexure II. The date and time of commencement of online submission of e-tender is February 16, 2024 . The bids shall be submitted by the firms not later than 11.00
AM on March 11, 2024.

3. Objective & Scope

The RfP is invited with a view to appoint a Concurrent Auditor for handling matters as per the given scope of work in Annexure III and Annexure III(A).

Date: February 16, 2024
Place: Mumbai

Chief General Manager
DICGC

Important Bidding Information Summary

Purpose

Particulars
E-Tender No. DICGC/HRMD/2/23-24/ET/3
Cost of Bidding Document No cost has been prescribed for the bidding document
Date & time of Commencement of online submission of e-tender (Technical Bid and Financial Bid) on the MSTC portal February 16, 2024 at 7:00 PM
Last Date and time of Submission of Bids March 11, 2024 at 11.00 AM
Bid Validity The proposal must remain valid and open for evaluation according to the terms and conditions of the RFP for a period of at least thirty days (30 days) from the time the RFP closes .
Online Link for submission of Bids www.mstcecommerce.com/eprocn/
Date & time of opening of Part – I (Technical Bid) Part-I (Technical Bid) of the e-tender will be opened electronically on March 11, 2024 at 12.00 PM.
Date of opening of Part – II (Financial Bid) Part-II (Financial Bid) will be opened electronically of only those bidder(s) whose Part-I (Technical Bid) is found acceptable by DICGC.

Such bidder(s) will be intimated regarding date of opening of Part- II (Financial Bid) on valid e-mail ids provided by them.

In the eventuality of any afore-mentioned date being declared as a Holiday, the next working day shall become operative for the respective purpose mentioned herein.

Number of bids to be submitted. The bids are invited through the portal of MSTC i.e., www.mstcecommerce.com/eprocn in two parts viz., Technical and Price Bid. The

Technical Bid shall contain details sought
regarding various technical particulars of the proposal covering aspects of the firm like name and location, year of establishment, names of its partners, staff, their qualification / experience, registration number of the firm and all other such relevant particulars given in Annexure I. The Price Bid shall contain details as per the Scope of Work given in Annexure III and Annexure III(A) and contain the details of the financial bid of the proposal exclusive of taxes, in the format given in Annexure II. Bidders must enter ‘Financial Bid’ under the ‘Event Catalog’ on the MSTC portal. The above bids shall be submitted by the firms not later than 11.00 AM on March 11, 2024

Date of opening Technical Bids March 11, 2024 at 12.00 PM.
Date of opening Financial Bids Will be intimated separately by e-mail.
Criteria for Technical Bid Evaluation Annexure V(A)
Criteria for Financial Bid Evaluation Annexure V(B)
The tender document can be downloaded from the ‘Notices ->Tender Notices’ link on our website www.dicgc.org.in as well as from www.mstcecommerce.com i.e., MSTC portal. Any amendment(s)/ corrigendum/ clarification(s) with respect to this tender shall be uploaded on the website/ e-portal only. The applicants should regularly visit the above-stated website/ e-portal for any Amendment/ Corrigendum/ Clarification.
Contact Details of DICGC Officials
Name Designation Phone Number Email Id
Shri Rahul Kumar Manager 9910566643 rahulkumar2@rbi.org.in
Shri Sandeep Kumar Asst. Manager 8847083816 ksandeep@rbi.org.in

Note: Please note that all the information as required under this RfP needs to be provided. Proposal submitted with incomplete information is liable to be rejected. DICGC’s decision in this regard will be final and binding.

To Read More :- Request for Proposal (RfP) for Appointment of Concurrent Auditor – DICGC ( FY 2024-25)

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