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Appointment of Cost Auditor for the FY 2026-27

Karnataka Power Corporation Limited

KPCL General Manager Finance office Bengaluru | Bengaluru Urban, Karnataka

Amount: Refer DocsCloses: 18 Jul 20266d left

Tender Value

Refer Docs

Closing Date

18 Jul 2026, 9:20 pm6d left

Tender Inviting Organisation

Name

Karnataka Power Corporation Limited

Work Description

Appointment of Cost Auditor for the FY 2026-27 Accountants for carrying out Cost Audit of Karnataka Power Corporation Limited from Financial Year 2026-27. (For one year, extendable by another two years viz 2027-28 to 2028-29 one year at a time).

Tender Information

Tender ID

KPCL/2026-27/SE0368

Reference Number

KPCL/2026-27/SE0368

Tender Type

Open

Location

KPCL General Manager Finance office Bengaluru

Source Website

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Documents Required

3 documents required · 0 mandatory · 3 optional

Technical Bid

OptionalAnnual Turnover Certificate

OptionalCompany Registration Certificate

OptionalSmall Scale Industries Certificate

Eligibility Criteria

Validity of Appointment: The validity of appointment will initially be for a period of one financial year starting from 2026-27 for conducting Cost Audit. The Company at its sole discretion may extend the validity with the approval of Competent Authority of the Company, for another two years, (one year at a time).

It shall be the responsibility of the Bidder to ensure credit of Tender Processing Fee and EMD into the respective receiving bank accounts of e-Procurement on or before the last date and time of bid submission.

EMD Payments through e-Payment mode shall be made as one single transaction and payments made in part are liable for rejection.

Financial Bids for conduct of Cost Audit: Financial bids of those Cost Accountant firms/ Cost auditors will be opened, if they qualify in the Technical bid round.

Place of Audit: The cost audit has to be conducted at the Corporate Office of the Company at No.82, Shakti Bhavan, Race Course Road, Bengaluru and at all relevant project locations of KPCL.

Payment Terms: Payment will be released within one month from the date of submission of bill by the Practising Cost Accountants/Firm after issuance of Cost Audit Report to the satisfaction of KPCL. No advance payments shall be made for conduct of Cost Audit. Out of pocket expenses will be reimbursed at actuals after production of necessary vouchers and documents subject to the maximum limit of 10% of the fees excluding GST.

Minimum fees for Cost audit as per decision of ICAI Council: Attention is invited to the Guidelines issued by the Council of ICAI vide Gazette Notification CWA/1/2017 dated 19.04.2017 relating to responding to the tenders by the members in practice. Accordingly, minimum fees of Rs.2,50,000/- (exclusive of GST) is prescribed for the cost audit assignment.

Appointment based on the lowest quote criteria: It is to intimate that the appointment of cost auditor is based on L1 (Lowest quote) criteria. In case of more than one L-1 bidder, the selection of the successful bidder will be made on the basis of Highest Experience Criteria, i.e. the oldest registered firm (based on Firm/ COP registration date mentioned in the certificate issued by the CMA Institute). No future objections in this regard will be entertained.

Dispute: In case of any dispute relating to contract terms and Conditions, decision of MD, KPCL will be final and binding on both the parties to the Contract.

Separate Upload of Technical and Financial Bids: Technical Bid and Financial Bid are to be signed by Authorized Signatory on each page of offer document, along with duly filled in format enclosed as Annexure I, II separately.

The technical and financial bid shall not be clubbed together and any such action shall result in rejection of such offer.

Technical Criteria

Past Experience

The Lead Partner/Proprietor/Individual, under whose supervision the Cost Audit of KPCL will be carried out, should have minimum post Qualification experience of 10 years as a practicing cost accountant. The cut off date for ascertaining experience will be 31.03.2025.

Others -- Certificate issued by CMA Institute

The Practicing Cost Accountant (PCA)/ Firm should have conducted or in-hand Cost Audit of at least one Company engaged in the activity of generation/ transmission or distribution of electricity

Work Done Certificate

Financial Status

The Practicing Cost Accountant (PCA)/ Firm should have conducted or in-hand Cost Audit of at least one Company having Paid up Capital of Rs.100 crores or more in the financial year 2021-22 or later.

Work Done Certificate

Others

Should have Headquarter or Branch in Bengaluru.

GST RegistrationOthers -- COP or Form Registration Certificate

Fee & Financial Details

Tender Fee Amount

₹500

EMD Fee Amount

Exempted

Important Dates

Last Activity

1 Jul 2026

Published

1 Jul 2026

Bid Opening

20 Jul 2026

Download Ends

13 Jul 2026

Documents

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NIT Documents

Cost Audit_Call 2.pdf

Tender Document • 2.78 MB

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