Hiring of Audit Resources from Third Party for Islamabad Electric Supply Company (IESCO)

The Islamabad Electric Supply Company (IESCO) through its MM Directorate on behalf of Audit (IESCO) invites bids for the hiring of audit resources from a third party for the financial year 2026-27. This procurement is planned under the reference number P129061 and will be conducted using the National Single Stage-Two Envelope procedure via the e-Pak Acquisition and Disposal System (EPADS) v2.0. The contract involves the provision of non-consultancy services specifically for audit resources, with a requirement of 25 qualified personnel preferably with CA (Inter) and experience related to audit and finance. Items being procured: - Audit Resources (25 Nos.) The scope includes supplying trained audit staff to support IESCO's internal audit functions in Islamabad. The service provider must ensure all personnel meet the minimum qualification and experience criteria, provide insurance coverage, and comply with labor laws including minimum wages as notified by ICAP and government authorities. The contract duration is one year with possible extension based on performance and mutual consent. Bidders must be registered firms with ICAP Quality Control Review ratings and meet all eligibility criteria including FBR registration, EOBI registration, and no blacklisting. The bidding process includes a technical evaluation weighted at 70% and financial evaluation at 30%, with a minimum technical score of 70 required to qualify for financial bid opening. Key dates include a pre-bid meeting on September 29, 2026, and bid submission deadline on October 12, 2026, at 10:30 AM via EPADS. Bids must be accompanied by bid security in the form of Pay Order, Call Deposit, or Demand Draft. Performance guarantee of 10% of contract price in the form of bank guarantee is required from the successful bidder. The contract will be awarded to the most advantageous bid based on Quality and Cost Based Selection (QCBS). Bidders are advised to carefully review the detailed terms and conditions, eligibility criteria, and submission instructions available on EPADS portal. Manual bids will not be accepted. One practical tip for bidders is to ensure timely registration on EPADS v2.0 and submission of all required documents including bid security originals before the deadline to avoid disqualification.