Perform Actuarial Valuations of the Post-employment Medical Aid Subsidy and Long Service Award Liabilty in Accordance with Grap25 and Accounting Standards and Any Post-project Auditor Queries.

RFQ/DHR/2025-26/780

See details below or the tender documentation

2026-06-30 11:00

Buffalo City Metropolitan Municipality

Actuarial Services, Valuation Services

East London, Eastern Cape

Buffalo City Metropolitan Municipality

Buffalo City Metropolitan Municipality Tenders

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Tender Number: RFQ/DHR/2025-26/780

Description: PERFORM ACTUARIAL VALUATIONS OF THE POST-EMPLOYMENT MEDICAL AID SUBSIDY AND LONG SERVICE AWARD LIABILTY IN ACCORDANCE WITH GRAP25 AND ACCOUNTING STANDARDS AND ANY POST-PROJECT AUDITOR QUERIES.

Closing Date: 2026-06-30 11:00

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Tender Summary

Objectives

The primary objective of this tender is to perform actuarial valuations of the Post-employment Medical Aid Subsidy and Long Service Award liabilities. The valuations must be conducted in accordance with the GRAP 25 accounting standards and relevant accounting standards, ensuring compliance and accuracy. Additionally, the successful bidder will address any post-project auditor queries related to these valuations.

Scope

The scope of the project includes:

  • Conducting actuarial valuations for the Post-employment Medical Aid Subsidy liability.
  • Performing actuarial valuations for the Long Service Award liability.
  • Ensuring valuations adhere to GRAP 25 and applicable accounting standards.
  • Responding to and resolving any post-project auditor queries related to the valuations.

Technical Requirements

The technical requirements for the tender include:

  • Expertise in actuarial valuations aligned with GRAP 25 and relevant accounting standards.
  • Provision of detailed valuation reports with supporting documentation.
  • Ability to address auditor queries effectively and efficiently.
  • Use of appropriate actuarial software and tools to ensure accuracy and compliance.

Skills Requirements

The skills required from the successful bidder include:

  • Qualified actuaries with experience in post-employment benefits and related liabilities.
  • Strong understanding of GRAP 25 and applicable accounting standards.
  • Excellent analytical and reporting skills.
  • Proven track record in handling similar actuarial valuation projects and auditor interactions.
This summary is AI generated. Download the tender documents for all the information.

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