TENDERING-COST SHEET DOCUMENTATION-COMPLIANCE&SUBMISSION TO ICAI

In continuation of the Announcement published inthe February, 2011 issue of The Chartered Accountantjournal at page 1174, attention of the members inpractice is hereby once again drawn to the resolutionof the Council taken in December, 2010 required to becomplied with , while responding to tenders or enquiriesissued by various users of professional services .In terms of the said Council decision, a memberin practice responding to tenders and accepting
professional work based thereon is required to maintaina cost sheet incorporating therein details of the costsbeing incurred therein having regard to number ofpersons involved, hours to be spent, etc. The said costsheet is required to be submitted to the Institute, whenso directed.Members concerned are required to take noteof the above and ensure compliance, in their owninterest.