Chennai Metro Rail Limited Invites Application for Concurrent Audit of 2025–26 & 2026–27

Chen­nai Metro Rail Lim­it­ed Invites Bids for Con­cur­rent Audit Assign­ment of 2025–26 & 2026–27

Chen­nai Metro Rail Lim­it­ed (CMRL), a joint ven­ture of the Gov­ern­ment of India and the Gov­ern­ment of Tamil Nadu, has float­ed a ten­der invit­ing reput­ed and finan­cial­ly sound Char­tered Accountant/Cost Accoun­tant firms to under­take Con­cur­rent Audit of its project and oper­a­tional activities.

Key Tender Highlights:

• Ten­der No.: CMRL/FIN/AUDIT/II/2025/CONCURRENT AUDIT
• Scope: Full-time audit of project con­tract pay­ments (Phas­es I & II), oper­a­tions & main­te­nance (O&M) pay­ments, scruti­ny of con­trac­tors’ bills, risk-based assess­ments, and sub­mis­sion of quar­ter­ly audit reports.
• Audit Tenure: 2 years (extend­able by 1 year based on performance).
• Man­pow­er Require­ment: Min­i­mum 2 CAs/CMAs, 2 semi-qual­i­fied audit exec­u­tives, 2 senior audit man­agers, and 8 article/audit assis­tants on a full-time basis.

Important Dates:

• Pre-bid Meet­ing: 28th April 2025 at 15:00 hrs
• Last Date for Clar­i­fi­ca­tions: 30th April 2025, 18:00 hrs
• Bid Sub­mis­sion Dead­line: 20th May 2025 by 15:00 hrs
• Tech­ni­cal Bid Open­ing: 21st May 2025 at 15:00 hrs

Eligibility Snapshot:

• Min­i­mum 3 full-time part­ners (ICAI/ICMAI members)
• Annu­al turnover of ₹10 crore in each of the last 3 years
• At least 2 audit assign­ments for corporates/PSUs with ₹100+ crore turnover
• Func­tion­al office in Chen­nai for the past 3 years

The eval­u­a­tion will fol­low a Qual­i­ty and Cost Based Selec­tion (QCBS) mod­el: 60% weigh­tage to tech­ni­cal bid and 40% to finan­cial bid.

For fur­ther details and bid sub­mis­sion, vis­it: https://eprocure.gov.in/eprocure/app