PUNJAB STATE POWER CORPORATION LIMITED

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APPENDIX IIIFinancial Proposal Submission Form[Location, Date]FROM: (Name of Firm)____________________________________________TO: (Name and Address of Client)____________________________________________________________Ladies/Gentlemen:Subject: Consultants’ Services for ------------------------------------------------------------------------------- Financial Proposal.We, the undersigned, offer to provide the consulting services for the above in accordancewith your Request for Proposal dated [Date], and our Proposal (technical and financialproposals). Our attached financial proposal is inclusive of statuary taxes and duties exceptservice Tax. The financial proposal is as under:ForConsultancyCost (including Taxes & Duties ServiceTotal AmountIn figure In Words Tax @ In figure In WordsOur financial proposal shall be binding upon us subject to the modifications resulting fromcontract negotiations, up to expiration of the validity period of the Proposal, i.e., 120 days fromthe submission date or up to any further extension given thereafter.Yours sincerely,Authorized Signature:Name and Title of Signatory:Name of the Firm:Address:We understand you are not bound to accept any Proposal you receive.22
APPENDIX IVPUNJAB STATE POWER CORPORATION LIMITED (PSPCL)CONSULTANCY SUPPORT IN THE AREAS OF ACCOUNTS, FINANCE &INTERNAL CONTROL SYSTEMS AND IN FINALIZATION OF ANNUALACCOUNTSTERMS OF REFERENCE (TOR)BackgroundKeeping in line with the provisions of the Electricity Act 2003, the Punjab State Electricity Board(PSEB) has been restructured and unbundled into two successor entities. Govt. of Punjab, videnotification no. 1/9/08-EB (PR) 196 dated16.04.2010, has unbundled the erstwhile PSEB into twosuccessor companies, viz.:• Punjab State Power Corporation Limited (PSPCL), to undertake the Distribution, Tradingand Generation Businesses, and• Punjab State Transmission Corporation Limited (PSTCL), to undertake transmission ofelectricity in the State along with the operation of SLDC functions. PSTCL has been notifiedby the State Govt. as the State Transmission Utility.The restructuring process involves a complex and challenging change management exercise. Postrestructuring, an effective change management process is the critical success factor for achievingenhanced performance. The following are the key post reform challenges likely to be faced bythe accounts and finance department of PSPCL:• Compliance of the provisions of Companies Act,1956;• Compliance of Accounting Standards issued by ICAI; & Convergence with IFRS, ifapplicable;• Compliance of Distribution License conditions and other regulatory compliances for financefunctions• Mandatory requirement to maintain cost records in accordance with the Cost AccountingRecords Rules, 2001;• Timely finalization of as per changed scenario.• Establishment of new cash flow mechanism;• Revision of manuals in respect of Financial accounting, Budgeting, Internal audit andinternal control system;• Organization restructuring, if required• Inter-corporate transactions;• Formulation of key performance indicators (KPIs), their monitoring and evaluationmechanism and• Development of MIS for effective decision making purpose.23
Page 1 and 2: PUNJAB STATE POWER CORPORATION LIMI
Page 3 and 4: FOR PROPOSAL” must be furnished i
Page 5 and 6: 2. DOCUMENTS COMPRISING THE RFP2.1
Page 7 and 8: 4.4 If the Earnest money is not sub
Page 9 and 10: DATA SHEETInformation to Consultant
Page 11 and 12: a) The Consulting/Professional firm
Page 13 and 14: APPENDIX I-AFirm credential showcas
Page 15 and 16: APPENDIX II-ATechnical Proposal Sub
Page 17 and 18: APPENDIX II-CConsulting Firm’s Na
Page 19 and 20: APPENDIX II-EFormat of Curriculum V
Page 21: TEAM COMPOSITION AND TASK ASSIGNMEN
Page 25 and 26: Activity 1 - Study of existing proc
Page 27 and 28: Module 3 - Organization Restructuri
Page 29: Activities and TimelinesSl.No.Activ
Page 33 and 34: Appendix-VGeneral Terms & Condition
Page 35 and 36: alternative arrangements at any tim
Page 37 and 38: Contract or any contravention in th
Page 39 and 40: (c) Whatever the Accepting Officer
Page 41 and 42: 21. PENALTY CLAUSEThe time allowed
Page 43: APPENDIX VICONTRACT AGREEMENT FORM(

PUNJAB STATE POWER CORPORATION LIMITED

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