Empanelment of concurrent auditor by U.P. Metro Rail Corporation Limited.
U.P. Metro Rail Corporation Limited has invited tenders from Chartered Accountant firms/LLPs empanelled with C&AG, for the Internal audit of Uttar Pradesh Metro Rail Corporation Limited on concurrent basis
UPMRCL was formed as a special purpose vehicle (SPV) to execute Metro Rail project in Lucknow city. The Government further mandated it to implement the upcoming projects in other cities of Uttar Pradesh. Hence forth the constitution and name of the Company was changed from Lucknow Metro Rail Corporation Limited (LMRCL) to Uttar Pradesh Metro Rail Corporation Limited (UPMRCL).
Presently the Company, apart from running Metro Rail in the Lucknow, has commenced construction activity in Kanpur and Agra.
The UPMRCL has invited expression of interest (EoI) to carry out an Internal Audit function for the project and operations activities.
The period of audit shall be of 3 years starting from 01/07/2025 to 30-06-2028, renewable every financial year on mutually agreed terms.
Minimum Qualifying Criteria:
1. Chartered Accountants Firms/LLP should be empanelled with C&AG.
2. The firm should have 5 full time partners continuously associated with the firm/LLP for not less than 5 years.
3. Turnover of the firm/LLP (Average Annual turnover of the firm in last three financial years i.e 2021-22, 2022-23 & 2023-24) should be minimum Rs. 40 lacs.
4. The Firm/LLP should be in existence for not less than 5 years. (At least one existing partner should be continuing for last 5 years with the Firm)
5. The firm/LLP should have at least Five No. of assignments of Internal/ Statutory Audit of Corporate / PSUs entities except Bank / Branch Audit having an annual turnover of not less than Rs. 100 crores in the year of audit. (Out of five minimum 2 Nos should be PSU entities) Experience in PSU particularly infrastructure sector as Statutory / Internal Auditors and ERP (SAP) environment is mandatory. The minimum experience of such assignments should be in three preceding financial years.
6. The firm/LLP should have existence of its Head office in Lucknow for at least 5 years.
Tender Submission:
Tender submissions will be made online only. The bid shall be submitted online via GeM portal under “Two Cover Bid System” within the prescribed schedule. This is a two-bid open EOI. The firm / LLP has to submit the offer on GeM portal. One Package will be for technical bid Package ‘A’ and another Package will be for financial bid as Package ‘B’.
Download Expression of Interest Click Here >>
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