Tender Details
Description / Scope of Work
Punjab Thermal Power (Pvt) Limited, based in Lahore, Punjab, invites proposals from qualified consultants for the hiring of internal audit services under RFP No. IAF-01/2026. This engagement involves providing comprehensive internal audit support to strengthen the organization's governance, risk management, and control frameworks. The scope encompasses systematic audit assessments across operational, financial, and compliance domains to enhance organizational effectiveness and regulatory adherence.
Eligible bidders must demonstrate professional competency in internal audit methodologies and possess relevant certifications such as CIA (Certified Internal Auditor) or equivalent qualifications. Bidders are required to have an active NTN (National Tax Number) registration and comply with all anti-corruption and conflict of interest provisions set forth in the RFP. A performance security deposit will be mandated upon contract award to ensure service delivery obligations are met throughout the engagement period.
Proposal documents can be obtained from the organization's office at Ground Floor 7 C-1, Gulberg-III, Lahore-Pakistan, or by contacting the office at telephone +92 (42) 35711278-9 and fax +92 (42) 35711282. Technical and financial proposals must be submitted in sealed envelopes by the closing date of 9 September 2026. Opening of technical proposals will be conducted in the presence of bidders, with financial proposal opening scheduled following technical evaluation. All proposals must be prepared in English and comply strictly with the RFP requirements and standard forms provided.
For Bidders: Our Analysis PAKISTANTENDER INSIGHT
Independent analysis by PakistanTender — not part of the official notice. Always confirm details against the original tender document.
Punjab Thermal Power seeks an internal audit services provider to deliver governance and control assessments across the organization.
The RFP follows standard World Bank consultant procurement procedures with formal technical and financial evaluation. Given the utility sector context, the engagement likely requires experience with power generation operations auditing, regulatory compliance in energy, and possibly ISO-aligned control frameworks. The September 2026 deadline allows reasonable preparation time. This appears to be a defined-scope engagement rather than a retained/recurring arrangement.
Who can bid: Typically eligible are individual consultants or consulting firms registered with relevant professional bodies and holding NTN. CIA or equivalent internal audit certification is strongly indicated. Bidders must comply with conflict-of-interest and anti-corruption undertakings in the RFP. No specific restriction on firm size or location is apparent in the notice.