Net worth certificate for tenders, explained
In public procurement, the net worth certificate is a qualification document. The tender sets a minimum, and the CA certifies your net worth as on the date and on the basis the tender specifies. It is usually for the bidding entity, carries a UDIN, and is uploaded with the technical bid on CPPP, GeM or a state e-procurement portal.
| Term | What it means |
|---|---|
| Reference date | The date as on which the tender wants net worth shown, often the last audited balance sheet date. |
| UDIN | The 18-digit Unique Document Identification Number, mandatory on CA certificates since 1 February 2019 and verifiable on udin.icai.org. |
| Solvency certificate | A separate document issued by your bank, not by a CA. Many tenders ask for both. |
Working to the tender's format and date
The tender document decides almost everything about the certificate. Before we compute anything, we read the eligibility clause and the format annexure, because a correct figure in the wrong shape can still fail technical evaluation.
| What the tender clause says | What we do |
|---|---|
| A minimum net worth, often a figure or a percentage of the estimated contract value | Compute net worth on the stated basis and show the figure. Whether you qualify is the buyer's decision; we certify the number |
| "Positive net worth" or "net worth not eroded" | Show net worth for each year the clause covers, from the audited balance sheets |
| A reference date, such as "as on 31 March of the last financial year" or a date close to bid submission | Certify as on exactly that date. For a date after the last audit, we work from provisional accounts and say so on the certificate |
| Its own definition of net worth | Follow the tender's definition word for word. If there is none, we use section 2(57) of the Companies Act, 2013 for companies and capital plus reserves less losses for firms and proprietors |
| A format annexure to be reproduced on CA letterhead | Reproduce the annexure text exactly and fill every blank |
| Consortium or joint venture bidding | Issue a separate certificate for each member, in the tender's format |
| Net worth of promoters or directors as well | Issue a separate personal certificate for each person, each with its own UDIN |
Three points to check before you order. First, the entity name must match the bidder name on the portal, including "Private Limited" or "LLP". Second, if the tender asks for audited figures, the balance sheet must actually be audited, so book the certificate after the audit report is signed. Third, many tenders ask for a turnover certificate and a banker's solvency certificate as well. The solvency certificate comes from your bank, not from a CA, so request it early.
If you are a micro or small enterprise, keep your Udyam registration handy. Under the Public Procurement Policy for Micro and Small Enterprises, registered MSEs get tender documents free of cost and are exempt from earnest money deposit, and Central Government buyers may relax prior turnover and prior experience conditions. There is no exemption from performance security, and a net worth condition in the tender still applies unless the tender says otherwise. See Udyam registration.
How we prepare a tender certificate
- Read the clause. Send us the tender document or the eligibility clause. We confirm the minimum, the definition of net worth, the date and the format annexure.
- Compute and draft. We compute net worth on the basis the tender defines (for a company, section 2(57) of the Companies Act, 2013 unless the tender says otherwise) and draft it in the tender's format. You approve the draft before signing.
- Sign and deliver. We sign, generate the UDIN and send the signed PDF, with a hard copy by courier where the tender needs one. Tell us your bid closing date at the start.
Upload your documents securely. A CA checks every figure against its document before drafting.
Tender net worth certificate fee
Our professional fee for a tender net worth certificate is from ₹1,499 per certificate. There is no government fee.
| Fee | Amount |
|---|---|
| Regikart professional fee, entity certificate in the tender's format, with UDIN | From ₹1,499 per certificate |
| Promoter or director personal certificate, where the tender asks | From ₹1,499 per certificate |
| Government fee | No government fee |
| UDIN generation and verification | Free (ICAI portal) |
Professional fees exclude GST at 18%. Government fees, where they apply, are paid at actuals to the department and are shown separately. Fees verified on 22 September 2026.
The final fee depends on the number of certificates, the years the clause covers and whether provisional accounts are needed. We confirm it in writing before we start. For how certificates work in general, see our net worth certificate guide. For other certificates a CA signs with a UDIN, see our CA certificates page.