ANNOUNCEMENT- MECHANISM TO MONITOR TENDERING
With a view to contain the tendering system for attest functions, the Council at its special (338th) meeting considered the report of the Group constituted under the
convenorship of CA. Tarun Jamnadas Ghia, Member, Central Council and decided as under:
1. Tendering
has been prohibited in the exclusive areas of practice of chartered
accountants like audit and attestation services. i.e.
those areas where the assignments can be performed only by chartered
accountants. In those areas, where alongwith chartered accountants, the
other professionals can also apply for the tender, there is no
restriction for the chartered accountants to respond
to the tenders floated by authorities from time to time.
2.
Members are advised to adhere to the recommended scale of fees
prescribed by ICAI in the context of various professional assignments.
To ensure such adherence,
a member responding to a tender should be required to furnish to ICAI at the designated e-mail address
pdc.tender@icai.in
with
estimated hours to be devoted by the partner/proprietor, paid CAs, other
staff and the fees quoted in the tender. Such details will be furnished
by the member within a period of fifteen days of his responding to the
tender. If the member
is successful in securing the tendered assignment, then the member will
also furnish the actual hours devoted by the partner/proprietor, paid
CAs and the staff within two months of completion of the assignment.
3.
Members are required to maintain cost sheet in the given format while
submitting any tender/bid. The format of the same can be viewed at
<hyperlink Cost Sheet >.
4. Members
are required to maintain the cost sheet compulsorily and submit a soft
copy of the bid submitted by them in response to any tender within 15
days to ICAI. The
office can check whether recommended scale of fees has been followed or
not in those bids, to ensure adherence to quality standards.
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