Page 136 - Quick Insights Book 2022

Ann. 5 – Tendering Guidelines issued by ICAI

“AWARENESS DRIVE MATTERS RELATED TO TENDERING’’
The ICAI has always been concerned about the tendering process and evaluation of tenders especially in case of Professional
Services.
In order to monitor analyze and streamIine the decisions taken by Council from time to time mentioned below a Group namely
“Tender Monitoring Group “has been constituted. The Group works to streamline the process of tendering and to monitor the bids
quoted by CAs in all the permissible tenders and analyze them. It may further refert he deviations at appropriate level.
E-mail id : tmg@icai.in
NOTIFICATIONS & COMPLIANCES
The ICAI has issued notifications for adherence and compliances by the Members of ICAI while responding to the tenders.

CA. (Dr.) Debashis Mitra CA. Aniket S. Talati CA. Kemisha Soni CA. Prasanna
President Vice President Chairman, PDC Kumar D.
Vice Chairman, PDC

CAs NOT TO RESPOND TO EXCLUSIVE TENDERS

CAN RESPOND TO OPEN TENDERS IF MINIMUM FEE PRESCRIBED
(I) A member of the Institute in practice shall not respond to any tender issued by an organization or user of professional
services in areas of services which are exclusively reserved for chartered accountants such as audit and attestation
services. However, such restriction shall not be applicable where minimum fee of the assignment is prescribed in the
tender document itself or where the areas are open to other professionals along with the Chartered Accountants.
Notification: https://www.icai.org/new_post.html?post_id=12547

FIXED BUDGET BASED SELECTION METHOD (FBS)
In addition to above, we would also like to inform that Department of Expenditure Procurement Policy Division has issued a
General Instruction on Procurement and Project Management dated 29th October 2021 in which they provided additional method
of Procurement other than three methods for selection/evaluation of consultancy proposals namely Fixed Budget- based selection
(FBS) for consultancy services. Under this method, cost of the consulting services shall be specified as a fixed budget in the
tender document itself. We urge members to promote utilisation of the Fixed Budget - based selection (FBS) method for hiring of
professional services among various Government departments. Copy of Document is available at link:
(https://doe.gov.in/sites/default/files/General%201nstructions%20on%20Procurement%20and%20Project%20 Management.pdf)

NON ADHERENCE TO COUNCIL GUIDELINES CAN ATTRACT DISCIPLINARY
Proceedings as per the second schedule part II of the Chartered Accountants Act, 1949.

MAINTENANCE OF COST SHEET
Council at its 301st meeting held in December 2010 decided that-

(i) A Cost sheet be maintained by members of the Institute responding to tenders and accepting the professional work based
thereupon, incorporating details of the costs being incurred therein having regard to number of persons involved, hours
to be spent, etc., so that the same may be called for by the Institute for perusal.

(ii) The format of the same can be viewed at https://resource.cdn.icai.org/38366pdc28039.pdf
Please adhere to tendering guidelines. Any violation of norms may be brought to notice of ICAI
For clarification write to us at tmg@icai.in

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