INDIAN INSTITUTE OF MANAGEMENT CALCUTTA
Engineering Division
D. H. Road Joka

Date: 19.02.2016.

Engagement of Chartered Accountant for Physical Verification of Fixed Assets

Offers are invited from leading Kolkata based Chartered Accountant Firms (empanelled with C&AG) having a minimum annual income of Rs.150 lakh, for Physical Verification of Fixed Assets and other allied jobs. Interested firms may submit their applications with all details within 15 days from the date of this advertisement to the Senior Administrative Officer (Purchase) at the above address.

Firms should have satisfactory completion certificate(s) of at least one similar work of an institution of repute.

A pre-bid meeting of the short-listed and eligible firms will be convened as early as possible. The purpose of this meeting will be to understand the firms and clarity the requirements as envisaged by the Authority and also to address the queries, if any, for the Technical bids by the applicants.

OBJECTIVE OF PHYSICAL VERIFICATION

The objective of physical verification is to reconcile the actual existence of the fixed assets with the Fixed Asset Register as on 31.3.2016.

SCOPE OF WORK

The scope of work will include the following:

  1. Physical Verification of all fixed assets (excluding library books) of the Institute.
  2. Identification mark on Fixed Assets, if necessary.
  3. Reconciliation between Fixed Asset Register and actual physical status and Preparation of Excess/Shortage Report.
  4. Presentation of the whole subject to appropriate authority – our officials, internal auditor, C&AG and assist IIMC officials in preparation of audit replies.
  5. Prepare a process manual of physical verification of Fixed Assets.

Senior Administrative Officer (Purchase)