SCOPE OF WORK FOR INDEPENDENT AUDITOR [see rule 45(5)]

(1) The role of the Independent Auditor would encompass: (a) Advising Procuring Entity in the calculation of all financial parameters of the Project including the Total Cost of the Project, Returns and Recovery accounting and shall provide, at the end of each financial year, a certificate confirming the accuracy of all calculations made during the relevant financial year. (b) Verification of the records and invoices provided by the Concessionaire and shall advise the Procuring Entity of the results of his quarterly audit within one month after the end of the relevant quarter. (2) The scope of work as envisaged will be carried out during two different stages of the project. - Construction Stage. - Operation Stage. (3) The Independent Auditor would carry out the work specified as scheduled above and would employ qualified and experienced person of the type and nature as desirable to carry out the assignment. (4) The appointment of the Independent Auditor would be for a period of three years initially and could be extendable as mutually agreed between the parties concerned. (5) The Independent Auditor would employ a team of qualified Chartered Accountants / Cost Accountants / other professions as may be relevant to carry out the assignment besides other support personnel as may be desirable. (6) The Concessionaire will be required to provide all the necessary information as may be required by the Independent Auditor and will provide access to all the records as may be necessary to enable the Independent Auditor to carry out their responsibilities.