PUNJAB STATE POWER CORPORATION LIMITED

Request for ProposalRegarding: Consultancy services in Various fields of Accounts, Finance & InternalControls systems, Compliance of various provisions of Companies Act, 1956 & otherApplicable Acts, Rules, Guidelines etc thereof after un-bundling and Finalization ofAnnual Accounts1. INTRODUCTION1.1 You are required to submit Proof of Eligibility, Technical Proposal and Financial Proposal,for consulting services required for the Assignment named in the attached Data Sheet. YourProposal could form the basis for future negotiations and ultimately a contract between yourfirm and the PSPCL (“Client”).1.2 A brief description of the assignment and its objectives are given in data sheet.1.3 The Assignment shall be implemented in accordance with the phasing indicated in the DataSheet and TOR. Continuation of services for the second phase shall be subject to satisfactoryperformance of the previous phase, as determined by PSPCL.1.4 You must familiarize yourself with local conditions and take them into account in preparingyour Proposal. To obtain first-hand information on the Assignment and on the localconditions, you are encouraged to pay a visit to PSPCL before submitting a Proposal.1.5 Please note that(i). The costs of preparing the proposal and of negotiating for the contract, including a visit,shall be borne by your firm and are not reimbursable as a direct cost of the Assignment;and(ii) PSPCL is not bound to accept any of the Proposals submitted.1.6 PSPCL policy requires that consultants provide professional, objective, and impartial adviceand at all times hold the Client’s interests paramount, without any consideration for futurework, and strictly avoid conflicts with other assignments or their own corporate interests.Consultants shall not be hired for any assignment that would be in conflict with their prior orcurrent obligations to other clients, or that may place them in a position of not being able tocarry out the assignment in the best interest of the Client.1.7 Without limitation on the generality of this rule, consultants shall not be hired under thecircumstances set forth below:(i). A firm, which has been engaged by the Client to provide goods or works for a project,and any of their affiliates, shall be disqualified from providing consulting services for thesame project. Conversely, firms hired to provide consulting services for the preparation orimplementation of a project, and any of their affiliates, shall be disqualified fromsubsequently providing goods or works or services related to the initial assignment (otherthan a continuation of the firm’s earlier consulting services) for the same project.(ii). Consultants or any of their affiliates shall not be hired for any assignment, which, by itsnature, may be in conflict with another assignment of the consultants.4