This tender invites qualified consultancy firms or joint ventures to conduct the 3rd party annual assessment and verification of Lahore Electric Supply Company's (LESCO) five years investment plan covering fiscal years 2023-24 to 2027-28 in Islamabad under the National Electric Power Regulatory Authority (NEPRA). The assignment requires a comprehensive audit of LESCO's investment plan execution, including financial and physical progress, cost overruns, compliance with NEPRA targets, and technical assessments of projects such as grid stations, transmission lines, SCADA, AMI metering, and cyber security. The consultant must have a minimum of ten years relevant audit experience, valid PEC registration, and active taxpayer status. The evaluation will be based on a quality and cost-based selection method with a two-stage bidding process conducted through the e-Pak Acquisition and Disposal System (e-PADs). Applicants must ensure compliance with PEC categories, FBR active taxpayer lists, and provide affidavits regarding blacklisting, litigation history, and conflict of interest. The contract spans five years with payments staggered annually based on report submissions and NEPRA approval. Submission deadline is on the 18th of February 2026 at 1400 hours, with technical proposals opening at 1430 hours the same day at NEPRA Tower, Ataturk Avenue (East), G-5/1, Islamabad. Bidders should prepare technical proposals demonstrating their audit methodology, team qualifications including financial auditors and power sector specialists, and past relevant experience. Financial bids will be opened only for technically qualified firms scoring at least 70% in the technical evaluation. Earnest money of 5% of the bid value is required at the financial proposal stage. The tender emphasizes strict adherence to PPRA rules and NEPRA guidelines, with penalties for delayed report submissions. Pro-Tip: Ensure all affidavits and supporting documents are correctly notarized and submitted as per the tender instructions. Pay special attention to the detailed technical evaluation criteria and the two-stage bidding process to avoid disqualification. Also, verify the active taxpayer status and PEC registration validity before submission to meet eligibility requirements.