Appointment of External Auditors for Statutory Audit of Power Planning and Monitoring Company for FY 2025-26

This tender invites qualified audit firms to provide external statutory audit services for the Power Planning and Monitoring Company (PPMC) in Islamabad. The assignment covers the financial year 2025-26 under the Companies Act, 2017 and the SoE Act, 2023, focusing on delivering audited financial statements, audit reports, and board letters. The scope requires firms with strong credentials, including Category-A listing on the State Bank of Pakistan panel and satisfactory Quality Control Review ratings by ICAP. The audit work demands thorough technical expertise and adherence to statutory requirements. Firms must demonstrate experience auditing government and power sector entities, with a robust team of partners, chartered accountants, and audit staff. The evaluation process follows a single stage, two-envelope procedure emphasizing technical merit (80%) and financial competitiveness (20%). The contract duration is one year, with possible extension by mutual consent. Bidders should ensure compliance with PEC category requirements and maintain valid FBR/ATL status for the fiscal year 2025-26. The bid security of PKR 50,000 must be submitted physically before the closing time, while bids are submitted electronically via EPADS. Firms must also provide affidavits confirming no blacklisting and registration with relevant authorities. The submission deadline is set for 14th April 2026 at 11:00 a.m., with bid opening conducted online. Physical bids are not accepted except for the bid security. The office address for bid security submission and clarifications is Office #112, 1st Floor, Evacuee Trust Complex, Agha Khan Road, Islamabad. Pro-Tip: Carefully review the bid security submission process and ensure timely physical delivery to avoid disqualification. Also, verify all technical documents and certifications to meet the stringent eligibility criteria before submission.