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Delhi Transport Corporation, New Delhi, Delhi |
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September, 07th 2018 |
DELHI TRANSPORT CORPORATION
GOVT. OF NCT OF DELHI
I.P. ESTATE: NEW DELHI-110002.
No. Act./PF/2018/258 Dated:- 21.08.2018
To,
Sub:- Engagement of Chartered Accountant or Consultant for shifting the
Employees Provident Fund Trust to EPFO.
Sir,
DTC Employees Provident Fund Trust invites sealed quotations from the
consultants/professionals for shifting Trust to EPFO. You are requested to quote
your consolidated rate + GST in the sealed envelope for the above said work as per
timeline prescribed in the enclosed limited tender document.
Kindly, submit price bid along with signed tender document of DTC and
the documentary evidence with regard to experience as mentioned in the clause-3
to the Dy. Manager (Tender Cell), Delhi Transport Corporation, Room No. 207,
I.P. Estate, New Delhi-110002 in sealed cover, which must reach on or before 18-
Sep-2018 by 1200 hrs. through speed post/courier/by hand etc.
The offers/price bids received shall be opened on the same day at 1500 hrs.
The offers received after due date & time shall not be entertained. The firms may
attend the process of opening of bids on the above date, if they desire so.
Sonam
Manager (P.F)
DELHI TRANSPORT CORPORATION
GOVT OF NCT OF DELHI
I.P. ESTATE: NEW DELHI-110002
No. Act./PF/2018/258 Dated:- 21.08.2018
Sub:- Engagement of Chartered Accountant or Consultant for shifting the Employees
Provident Fund Trust to EPFO.
1. Background.
a. Delhi Transport Corporation (Govt. of NCT of Delhi) has its own PF Trust constituted in
1964 and since then, its affairs are being managed by DTC EPF Trust under the
Guidelines/Rules of EPFO exempted U/S 17 of the Employees Provident Fund and Misc.
Provident Act 1952 vide Govt of Delhi Administration Gazette notification dated 13/06/1963
and execution of Trust deed dt. 19/02/1964. While erstwhile DTU operated by MCD of Delhi.
As on date, the PF Trust is having funds corpus to the tune of Rs. 1475 Crore ( Approx.)
These Funds are presently invested by the EPF Trust in the FDs with Nationalised
Banks, special deposit in RBI, Govt. Securities etc.
b. Now, the DTC board vide its Resolution No. 36/2015 dt. 22/07/2015 and also endorsed by the
DTC EPF Trust in its meeting dt. 22/07/2015 has resolved that the said Funds of the Trust
may be put at the disposal of RPFC for better management of Funds. Accordingly, there is
need of a consultant for smooth execution of the shifting of Trust work to EPFO.
2. Scope of Work.
The following shall be the brief scope of work of the consultant to be engaged.
1) To help/guide the PF Trust in obtaining Cancellation/Surrendering of the exemption
granted u/s 17(1) (a) of the EPF Act from appropriate govt. if required.
2) To help/guide the PF Trust in transferring the Funds of the Trust available in the various Govt.
Securities/FDs with the Nationalised Banks.
3) To help/guide the PF Trust in reconciliation of funds Transferred / Balance Funds of
Employees Share of Pension opted Employees.
4) To submit the record of Assets and liabilities of the Trust and statements as per requirement of
the EPFO.
5) To help/guide the PF Trust in making the procedures/systems for granting/sanctioning the
loans to the DTC Employees as well as for final settlement of retiring/retired employees
during shifting work.
6) Any other work (which is not covered in the above) relating to transfer of the Trust or the
funds of the Trust. Finally, to obtain (from EPFO) or submit work completion certificate to
DTC.
3. Eligibility Criteria.
a. Any firm/consultant who has undertaken the shifting work of at least one PF Trust prior to
this work or work in hand as on date. The documentary evidence with regard to
experience of shifting the work of any trust to EPFO needs to be submitted along with
price bid.
4. Periodicity of Visit:
The firm/consultant shall visit this office at least twice in a week or thrice half day in
week as per convenience of both the parties and as per requirement of the work of the
Corporation.
5. Payment Terms.
a. The payment (after deducting TDS) shall be made in two instalments i.e 50% payment
after shifting the work/funds of PF Trust to the EPFO and remaining 50% payment after
submission of satisfactory work completion certificate by the firm subject to clause- 5 (b).
b. DTC reserves its right to forfeit 10% amount of the contract value in the event of non-
performance/unsatisfactory performance by the firm.
6. Submission of offer and opening of bids:
The interested firms may submit their price bids along with signed tender document
of DTC and the documentary evidence with regard to experience as mentioned in the clause-3
to the Dy. Manager (Tender Cell), Delhi Transport Corporation, Room No. 207, I.P. Estate,
New Delhi-110002 in sealed cover, which must reach on or before 18-Sep-2018 by 1200
hrs. through speed post/courier/by hand etc.
The offers/price bids received shall be opened on the same day at 1500 hrs. The offers
received after due date & time shall not be entertained. The firms may attend the process of
opening of bids on the above date, if they desire so.
7. Validity of offer:
The bidders shall keep their offers valid upto 90 days from the date of opening of bids.
8. Dispute Settlement:
In the event of any dispute arising under these conditions of contract/performance of the
firm, the dispute shall be resolved by both the parties with mutual discussions, failing which
the matter shall be put up before the Chairman -PF Trust - DTC. The decision of the
Chairman PF Trust shall be final and binding on both the parties.
9. Termination of Contract:
DTC reserves its right to terminate the contract of the firm at any time without assigning
any reason.
I hereby agreed all your terms and conditions as enumerated above and undertake that
entire documentation work of the modalities of transfer of DTC EPF Trust Funds to RPFC as
per their satisfactions.
BIDDER
(Authorized Signatory of the Company)
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