IFCI Limited has issued a Request for Empanelment (RfE) for Cost Accountants, inviting proposals from eligible individuals, firms, LLPs, or proprietary concerns. The empanelment aims to facilitate cost audits, DVA certifications, apportionment of ex-factory price, and other assignments linked to government schemes. The RfE, issued on December 24, 2024, outlines eligibility criteria, submission guidelines, and evaluation methods. The deadline for proposal submission is January 14, 2025, by 5:00 PM, with a non-refundable fee of ₹5900. A pre-bid meeting will be held on January 3, 2025, and the proposals will be evaluated based on experience, reputation, resources, and compliance with the eligibility criteria. The empanelment is valid for three years, extendable by another three years based on performance. IFCI reserves the right to amend or cancel the process at any stage without obligation or liability. Proposals received after the deadline or found to contain false information may be rejected. The final decision rests solely with IFCI, and updates or clarifications will be published on their official website.
REQUEST FOR EMPANELMENT (RfE)
OF
COST ACCOUNTANT
IFCI TOWER,
61, NEHRU PLACE
NEW DELHI – 110 019
Date of Issue: 24/12/2024
Last Date and Time of Submission*: 14/01/2025 up to 5 PM
*(subject to extension / pre termination)
Disclaimer
I. This Request for Empanelment (“RfE”) is not an offer by IFCI but an invitation to receive offers from interested and eligible parties. The purpose of this RfE is to provide the necessary information to such interested and eligible parties that may be useful to them in formulating their Proposals in response to this RfE.
II. No contractual obligation whatsoever shall arise from this RfE process.
III. IFCI reserves the right to modify or even not to proceed with the empanelment.
Contents
1. TERMS AND CONDITIONS FOR EMPANELMENT OF COST ACCOUNTANT
2. BACKGROUND OF IFCI
3. SCOPE OF WORK
4. ELIGIBILITY CRITERIA
5. SUBMISSION OF PROPOSALS
6. EVALUATION OF PROPOSALS
7. GENERAL TERM & CONDITIONS
8. Annexure-I: Proposal Format
9. Annexure–II: Not penalized or Found Guilty in any Court of Law
10. Annexure-III: Non-Disclosure Agreement
11. Annexure-IV: Declaration – No Ownership or Control of IFCI’s Directors/ Employees (or relatives)
12. Annexure–V: Terms of Engagement for Empanelment of Cost Accountant
13. Annexure-VI: Documents’ Submission Index
IMPORTANT INFORMATION
(RfE No.: 2024/PLI 1/IFCI dated December 24, 2024)
| 1 | Name of the Organisation | IFCI Limited (hereinafter referred to as “IFCI”) |
| 2 | Address for Communication Email address Website address IFCI | The Director – Advisory Services (PLI-Auto Scheme)
13th Floor, IFCI Tower, 61, Nehru Place, New Delhi – 110 019. pliauto@ifciltd.com https://www.ifciltd.com/
|
–
| Activity | Date, Time & Place | |
| 1 | Date of Issuance of RfE | December 24, 2024 |
| 2 | Last date for written request for any clarifications | December 30, 2024, by 5:00 p.m. |
| 3 | Pre Bid meeting | January 3, 2025, at 11:00 a.m., at IFCI Tower, Nehru Place, New Delhi |
| 4 | Last Date for submission of Proposal | January 14, 2025, at 5:00 p.m. |
| 5 | RfE document fee (Non-refundable) | Rs.5900/-
[non-refundable] along with submission of RfE |
| 6 | Payment Mode of RfE document fee | By way of bank transfer into IFCI’s bank account. |
| 7 | Date of opening of RFE | January 15, 2025, at 11:00 a.m. |
Note: –
1. IFCI reserves the right to change dates without assigning any reasons thereof. Intimation of the same shall be notified on the IFCI website.
2. This proposal document is not transferable.
3. If a holiday is declared on the dates mentioned above, the proposals shall be received / opened on the next working day at the same time specified above and at the same venue unless communicated otherwise.
1. TERMS AND CONDITIONS FOR EMPANELMENT OF COST ACCOUNTANT
1.1. This Request for Empanelment (RfE) document has been prepared solely to solicit proposals for empanelment of Cost Accountant (CMA) who are reputed and well-established in the form of partnership firms/Limited Liability Partnerships (LLP)/ proprietary concern/ individuals for conducting cost audit/ audit of domestic value addition (DVA) certification/ apportionment of ex-factory price in the case of internal consumption [manufacturing of composite product comprising target segment product(s) with other product(s)] and any other activity as may be assigned by IFCI/ concerned Ministry for various schemes of Government of India (GoI)/ state governments for schemes managed by IFCI Ltd.
1.2. While this document has been prepared in good faith, neither IFCI nor any of its employees make any representation or warranty or shall have any responsibility whatsoever in respect of this document. Any liability is accordingly and expressly disclaimed. This document is meant to provide information only and upon the express understanding that the recipients / respondents will use it only for the purpose set out herein.
1.3. The CMA firm/ respondents shall bear all costs associated with the preparation and submission of the proposal including but not limited to additional information required by the IFCI, attendance of meeting, if required, etc. and IFCI will in no case be held responsible or liable for these costs, regardless of the conduct or outcome of the empanelment process. The CMA firm / respondents must apply its own care and conduct its own investigation and analysis regarding any information contained in the RfE document and the meaning and impact of that information.
1.4. This document constitutes no form of commitment on the part of the IFCI. The issuance of RfE document is merely an invitation to offer and must not be construed as any agreement or contract or arrangement nor would it be construed as material for any investigation or review to be carried out by the CMA firm / respondents. The CMA firm / respondents unconditionally acknowledge by submitting its response to this RfE document that they have not relied on any idea, information, statement, representation or warrant given in this RfE document. The evaluation will be based on the experience, reputation, their empanelment with similar kind of institutions for similar nature of works, manpower & logistical support available with the applicant, financial capabilities, quality consciousness, etc. Based on the details furnished as per eligibility criteria, the CMA firm / respondents shall be empaneled. Decision of the IFCI regarding selection / rejection for empanelment will be final and binding and no further correspondence will be entertained.
1.5. If information and details furnished by respondent (CMA applicant) are found to be false at any time in future or any information withheld, which comes to the notice of the IFCI at a later date, the empanelment of such respondent will be cancelled immediately.
1.6. The empanelment shall be valid for an initial period of three (3) years from the date of empanelment. However, the IFCI may extend the validity period by another three (3) years, subject to performance review at its discretion. IFCI reserves the right to de-list the name of the respondents at any stage, if found unsatisfactory or does not comply with IFCI’s requirement or due to any other internal reasons. IFCI’s decision will be final in this regard.
1.7. The present RfE shall not be the only channel for empaneling the CMAs. The IFCI, depending on its requirement may empanel CMAs to cover the geographical area or which may require expertise to undertake assignment which is not addressed by its panel of CMAs.
1.8. The IFCI may be notified of any omission / discrepancy in the RfE before the closure of proposal. If required, the IFCI may thereafter modify the RfE. Corrigendum/Addendum to RFE would only be published on the IFCI’s website. IFCI also reserves the sole right for carrying out any amendments/ modifications / changes including any addendum to this RfE. Such amendments / modifications / changes including any addendum to this RfE shall be notified on the IFCI’s website (https://www.ifciltd.com/ ) and these will be binding on the respondents.
1.9. IFCI reserves its right to reject any / or all the applications without assigning any reasons whatsoever.
1.10. Before submitting the proposal, the respondents are requested to carefully examine the proposal documents, terms & conditions of RfE, specifications and if there appears to be any ambiguity therein, they should immediately refer the matter to IFCI, for clarification as per the date specified hereinabove.
1.11. Any Proposals received by IFCI after the deadline prescribed by IFCI for submission of proposal will be summarily rejected and returned unopened to the respondents. IFCI shall not be responsible for any delay or non-receipt/ non-delivery of the documents.
1.12. From the time the proposals are opened to the time of empanelment, respondents should not contact the IFCI or any of its employees or representatives on any matter related to the proposal with a view to influence the examination, evaluation, ranking and empanelment. Such an effort shall result in rejection of the proposals.
1.13. Clarification to the queries received up to the date and time specified in the section ‘Important Information’ shall only be hosted on the IFCI’s website. IFCI may, in its absolute discretion seek, but being under no obligation to seek, additional information or material from any respondents after the closure of RfE and all such information and material provided will be taken to form part of that respondent’s response.
Read Full Document at below link:
https://www.ifciltd.com/2024/RFE%20of%20Cost%20Accountant_updated_24122024.pdf
