Objectives

The primary objective of this tender is to obtain a valuation service for the GRAP 16 accounting standard, specifically for the financial period ending 30 June 2026. The successful bidder will provide a comprehensive valuation report to assist Maphumulo Municipality in their financial reporting and compliance requirements.

Scope

The scope of the tender encompasses the provision of valuation services related to GRAP 16 for the municipality's assets as of 30 June 2026. The service includes conducting the valuation, preparing the necessary reports, and ensuring compliance with relevant accounting standards. The service is to be delivered at the specified delivery address within the required timeframe.

Technical Requirements

• Conduct a detailed valuation of assets in accordance with GRAP 16 standards.
• Prepare and submit a comprehensive valuation report by the stipulated deadline.
• Ensure all alterations or amendments to the quotation are signed and verified by the bidder.
• Provide proof of compliance with municipal rates, electricity, or water accounts not older than three months, or sworn affidavits if operating from residential premises.
• Attach completed and signed municipal bidding documents, CSD detailed report, and other mandatory documentation.
• Ensure adherence to procurement policies, including tax compliance and supplier verification.

Skills Requirements

• Expertise in GRAP 16 asset valuation standards and accounting principles.
• Experience in conducting asset valuations for municipal or public sector entities.
• Ability to prepare detailed valuation reports aligned with regulatory standards.
• Knowledge of municipal financial management and compliance requirements.
• Proficiency in interpreting and applying relevant legislation and procurement policies.
• Strong documentation and verification skills to ensure all mandatory requirements are met.