Hiring of Audit Resources from Third Party by IESCO

IESCO invites bids for the hiring of audit resources from a third party under a non-consultancy services arrangement on a national basis. This Standard Bidding Document outlines the procurement of audit personnel and related resources to support the organization's audit functions. The tender is being managed by the MM Directorate at IESCO Headquarters, Street no. 40, G-7/4 Islamabad, and will be conducted under a Single Stage-Two Envelope bidding process. The scope encompasses audit resource provision with specific deliverables and performance requirements outlined in the detailed Terms of Reference and scope of work section of the bidding document.

Eligibility criteria require bidders to demonstrate appropriate registration, financial capacity, and technical capability to deliver audit services. Bid security in the form of a bid guarantee is mandatory, and bidders must provide documentation of past experience, financial statements, and undertakings regarding minimum wages, conflict of interest, and contract performance. All eligibility requirements and evaluation criteria are detailed in the respective sections of this Standard Bidding Document, with particular emphasis on financial situation, average annual turnover, and relevant historical contract performance.

Bid documents are available from the contact provided: MM Directorate, Chief Engineer (MM), IESCO Headquarters Street no. 40, G-7/4 Islamabad, Phone: +92-319-599-1808, Email: ce_mm@iesco.com.pk. Interested bidders must submit their technical and financial proposals in separate envelopes in accordance with the prescribed forms and formats. The closing date for bid submission is 7 August 2026. Detailed instructions to bidders, general and special conditions of contract, evaluation criteria, and all required forms are contained within this comprehensive bidding document.

IESCO is procuring third-party audit resources under a non-consultancy services model via a national competitive tender. This appears to be a professional services contract for audit personnel, likely medium-scale based on organizational audit scope. The Single Stage-Two Envelope process implies both technical and financial bids are evaluated. Bidders must evidence strong audit credentials, financial stability, past contract performance, and compliance with minimum wage and conflict-of-interest undertakings. The document is comprehensive and formal, suggesting a structured procurement with high compliance demands.

Who can bid: Bidders must typically be registered with relevant authorities (SECP/NTN), possess valid business registration, and demonstrate financial capacity and average annual turnover meeting thresholds. Past experience in audit service delivery is required. Undertakings regarding minimum wages and conflict of interest are mandatory. Specific PEC or professional category registration may be required; the notice does not explicitly state all restrictions.