Please refer to the above mentioned Tender for awarding contract for conducting concurrent audit of College of Agricultural Banking, Reserve Bank of India (the Bank), Pune uploaded on the MSTC portal on October 04, 2019.
| Sr. No. | Query | Section | Existing clause | Revised clause |
| 1 | It was pointed out, whether the date mentioned in the clause 1.1.1 (g) of the Section I – Eligibility Criteria is September 30, 2019? | Section I – Eligibility Criteria Clause 1.1.1 (g) | The firms which are currently Statutory Branch Auditors/ Concurrent Auditors of RBI and those firms which have conducted such audits in RBI in the past but at least two years have not elapsed since the completion of such assignment, as on September 30, 2019 are NOT eligible to apply. | The firms which are currently Statutory / Statutory Branch Auditors / Concurrent Auditors of RBI and those firms which have conducted such audits in RBI in the past but at least two years have not elapsed since the completion of such assignment, as on October 31, 2019 are NOT eligible to apply. |
| 2 | It was pointed out, whether the date mentioned in the clause 1.1.1 (g) of the Section I – Eligibility Criteria is June 30, 2019? | Foot Note of Annex II | Firms which are currently Statutory / Statutory Branch Auditors / Concurrent Auditors of RBI and those firms which have conducted such audits in RBI in the past but at least two years have not elapsed since the completion of such assignment as on June 30, of current year are not eligible. | Firms which are currently Statutory / Statutory Branch Auditors / Concurrent Auditors of RBI and those firms which have conducted such audits in RBI in the past but at least two years have not elapsed since the completion of such assignment as on October 31, 2019 are not eligible. |
| 3 | With respect to clause 19 of Section II – Scope of work, it was asked whether there would be major or minor change in the scope of work. | Section II: Scope of work, Clause No. 19 | RBI reserves the right of addition/alteration of the scope of audit by adding to or omitting any work without prejudice to this appointment. There would be no change in the monthly remuneration on account of this change in the areas of audit. | RBI reserves the right of addition/alteration of the scope of audit by adding to or omitting any work, without prejudice to this appointment. Nature of change, if any, will depend on changes in Bank’s policy. There would be no change in the monthly remuneration on account of this change in the areas of audit. |
| 4 | It was asked in relation to scope of work, whether the firm needs to prepare and file Income Tax/ GST returns of the Bank and also other related returns, as it may lead to conflict of interest. | Section II: Scope of work, Clause No. 16 | The firm shall assist Bank’s staff in determination of all statutory taxes and returns thereof. The firm will prepare and file Income Tax/GST returns of the Bank (and also any other related return/s which may come in force subsequently) at the designated intervals. The Bank reserves the right to add/delete areas of audit as per its requirement for which there would be no change in the monthly remuneration quoted and agreed. | The firm shall assist Bank’s staff in determination of all statutory taxes. |
| 5 | | Section III, clause 3.3.2 | Financial Bid : Part-II of the tender will contain no conditions but Bidder’s financial bid only (Monthly Rate to be quoted). The rates quoted must be excluding GST, which will be shown separately and will be paid as per the government directives. The bidder should submit their bid online in the excel format only and no other format of document should be uploaded for financial bid. | Financial Bid : Part-II of the tender will contain no conditions but Bidder’s financial bid only (Monthly Rate to be quoted). The rates quoted must be excluding GST (CGST and SGST), which will be shown separately and will be paid as per the government directives. The bidder should submit their bid online (in the portal) only and no document should be uploaded for financial bid. |
| 6 | The clause 3.4.3 (iii) has been modified. | Section III, clause 3.4.3 (iii) | has been blacklisted by any government agency and the blacklist is still in force. | has been blacklisted by any government agency / ICAI/ regulatory authority and the blacklist is still in force. |
| 7 | | Section V – Form of Tender | A new clause is inserted at Sr. No. 2. As a result, Clause at Sr. No. 2 would be at Sr. No. 3. | I/we hereby confirm that the firm has not been blacklisted by any government agency / ICAI/ regulatory authority. |
| 8 | | Annex II – Criteria for technical evaluation | | The range of the number of full time CA s given in the third bucket under the parameter at Sr. No. 4 of Annex II should be read as 6 to 10 CAs (instead of 5 to 10) |
| 9 | | Annex II – Criteria for technical evaluation | | The range of the number of skilled staff given in the third bucket under the parameter at Sr. No. 5 of Annex II should be read as 16 to 20 (instead of 15 to 20). |
| Sr. No. | Query | Section | Existing clause | Clarification |
| 10 | It was asked whether Rs. 10.00 lakh per annum as mentioned in clause 1.2 of Section 1 is the minimum remuneration. | Section 1 - Clause 1.2 Estimated cost of work | Rs. 10.00 lakh per annum inclusive of GST | In terms of clause 1.1.1 (e)
The minimum monthly remuneration will be Rs. 70,000/- exclusive of GST. The bid indicating less than the minimum remuneration will be out rightly rejected.
Only monthly rate exclusive of GST should be quoted in financial bid. |
| 11 | Whether appointment letters in respect of Assistant should be uploaded. | Annex V, Sr. No. 12 | Appointment letters issued by the firm | It is clarified that in respect of Assistants, there is no need to upload the appointment letters. Only the number of Assistants should be indicated at Sr. No. 15 in Annex VI. Revised Annex V is being uploaded. |
| 12 | Is there any limit in size of files in uploading the documents in MSTC portal | | | In case of any technical issues while uploading the documents on MSTC portal, the bidder may contact MSTC helpdesk as given in the Tender Document (Page No. 3) |
| 13 | What is the definition of other Assistants? | | | Other Assistants refer to the support staff of Concurrent Auditor who do not have qualifications mentioned. |