Tender Details
Description / Scope of Work
Punjab Education Foundation invites sealed bids for hiring of an external audit firm to conduct audits for the financial years 2024-25 and 2025-26. This is a professional services tender for external audit engagement covering comprehensive financial statement audits, compliance reviews, and audit reporting for a public sector education foundation operating in Punjab, Pakistan. The tender is issued by the Director of Human Resources and Administration at the foundation's headquarters in Lahore.
Bidders must be audit firms registered with the relevant regulatory authorities and comply with applicable professional accounting standards and regulations in Pakistan. The bidding process requires submission of technical and financial proposals demonstrating audit capability, relevant experience with public sector or development sector organizations, and professional qualifications of the audit team. A bid security will be required as specified in the tender documents, and bidders must provide evidence of previous audit engagements of comparable scope and complexity.
Bid documents are available from the Punjab Education Foundation office at 52-L Gulberg III near Kalma Chowk, Lahore, Pakistan, or online at www.pef.edu.pk. Sealed bids must be submitted by the closing date to the Director (HR & Admin) at the PEF office. Bid opening will occur at the procuring agency premises on a date to be specified. Bidders may contact the foundation at telephone (+92) 04299232791-98 for clarifications regarding the tender scope, eligibility requirements, or submission procedures.
For Bidders: Our Analysis PAKISTANTENDER INSIGHT
Independent analysis by PakistanTender — not part of the official notice. Always confirm details against the original tender document.
PEF is seeking a two-year external audit contract for financial years 2024-25 and 2025-26. This is a recurring professional services engagement for a public sector education foundation, suggesting stable audit scope across both years. Firms must have demonstrated experience with public or development sector audits and strong technical capacity. The engagement appears medium-scale based on the foundation's operational scope. Bidders should note the tender reference and ensure early document collection from the Lahore office.
Who can bid: Bidders must be audit firms registered with the State Bank of Pakistan or relevant regulatory body in Pakistan. Typically required are a valid audit license, professional membership (CA Pakistan or equivalent), minimum three years experience with similar-scale audits, and compliance with International Standards on Auditing or equivalent Pakistan-adopted standards. The notice does not explicitly state minimum firm size or team composition requirements.