Appointment of Concurrent Auditors
|Syndicate Bank, London branch invites quotations from Audit firms based in UK for appointment as its Internal (Concurrent) Auditors for 8 quarters from quarter ending 31.03.2019 till 31.12.2020.|
Syndicate Bank is a leading nationalised bank of India. Its London branch is in operation since 1976. Balance Sheet of the Branch is around £4.00 bn as of date. The branch is inviting bids from various UK based auditing firms for conducting the quarter-end audit (Concurrent/Internal Audit) of the branch for 8 quarters from quarter ending 31.03.2019 till quarter ending 31.12.2020. The bids will be in two parts, viz. 1.Technical Bid & 2. Financial Bid.
Quotations are invited from UK based Auditing firms who are eligible and interested. The Technical bid and Financial bid shall reach us in separate sealed envelopes latest by 2pm of 27th March 2019
The broad areas of the captioned Concurrent audit for the branch are:
Eligibility Criteria for Bidding:
Please note that the UK based auditing firm is eligible to participate in the bids only if-
Only those UK based auditing firms who satisfy all the above eligibility criteria can submit their Technical as well as Financial bids simultaneously, however, in 2 separate sealed envelopes. The sealed envelopes shall bear the names of the firm and also specify at the top right hand corner of the envelope as Technical Bid or Financial Bid, as the case may be. The bids shall be addressed to the following:
Mr. Ashok Reddy Nukala Chief Executive Officer Syndicate Bank
The bids in the sealed envelopes shall reach the branch latest by 27th March before 2:00 pm.
The Technical bid shall contain the following confirmations:
The Financial bid shall contain fee quote for Concurrent/Internal Audit The out of pocket expenses, if any, shall also be specified.
Please note that the Financial bids will be opened only in respect of those firms who have qualified in the Technical bid.
Chief Executive Officer