Tender Details
Description / Scope of Work
Quaid-e-Azam Solar Power (Pvt.) Ltd, a solar power generation company operating in Punjab, invites competitive bids from qualified external audit firms to conduct its annual statutory audit and issue a compliance certificate under the public sector code of corporate governance rules for the financial year 2026-2027 in accordance with the Companies Act 2017. The audit engagement is valued at approximately Rs. 1,479,188 and encompasses comprehensive financial statement audit, internal controls assessment, and compliance verification. The scope includes examination of all financial records, transactions, and accounting practices to ensure accuracy, legality, and adherence to applicable regulatory frameworks and corporate governance standards.
Eligible bidders must be registered with the relevant regulatory authorities and possess current audit firm licenses with demonstrated experience in auditing listed or regulated entities in the energy sector. Firms must not have conflicts of interest with QASPL or its related parties and should comply with auditor independence requirements under professional standards and applicable law. Bidders are required to submit a bid security of Rs. 60,000 (approximately 4 percent of the estimated budget) on the e-Procurement portal in favor of Quaid-e-Azam Solar Power (Pvt.) Ltd, with tender documents available for free download from the e-Procurement platform, PPRA website, and QASPL's official website.
Bid submission deadline is 03 September 2026 at 11:00 AM on the e-Procurement portal, with bid opening scheduled for the same day at 11:30 AM at QASPL's office located at 3rd Floor, 83-A, E/1, Main Boulevard, Gulberg III, Lahore. Representatives of bidding firms are invited to attend the public bid opening. For clarifications and additional information, prospective bidders should contact the Chief Executive Officer at QASPL's registered address via telephone (042-99332261-65 extension 121), fax (042-35790366), or email (am-procurement@qasolar.com or cfo@qasolar.com).
For Bidders: Our Analysis PAKISTANTENDER INSIGHT
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A solar power company seeks an external auditor for statutory financial year 2026-2027 audit plus governance compliance certification.
The engagement is mid-sized at approximately Rs. 1.48 million. This is annual recurring work requiring energy sector audit experience and regulatory compliance knowledge. Submission is on e-Procurement with 4 percent bid security. The tender deadline is tight with less than typical notice period, suggesting QASPL may need auditor continuity or prior appointment resolution.
Who can bid: Bidders must hold valid audit firm registration with relevant regulatory bodies (typically SECP for companies engaged in auditing listed or regulated entities). Independence, no conflict of interest, and demonstration of prior experience auditing energy sector or similar regulated entities is expected. Professional standards compliance including auditor rotation and ethics rules typically apply.