Tender Document – Scm-tsw-21-2025-2026 – Grap 104 Ecl

SCM-TSW-21-2025-2026

See details below or the tender documentation

Tender Closed on: 2026-05-18 11:00

Tswelopele Local Municipality

Accounting Services, Consulting Services, Financial Services and Economics, MFMP, GRAP and mSCOA Compliance

Bultfontein, Free State

Tswelopele Local Municipality

Tswelopele Local Municipality Tenders

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NoticeTender document – SCM-TSW-21-2025-2026 – GRAP 104 ECL
Source URLhttps://www.tswelopele.gov.za/tender-document-scm-tsw-21-2025-2026-grap-104-ecl/
Typetender
Closing Date2026-05-18 11:00
DetailsTender document – SCM-TSW-21-2025-2026 – GRAP 104 ECL Home / News / SCM/TSW/21/2025-2026: APPOINTMENT OF SERVICE PROVIDER FOR THE SUPPLY/DEVELOPMENT, CUSTOMISATION AND IMPLEMENTATION OF AN ECL (EXPECTED CREDIT LOSSES) MODEL IN TERMS OF GRAP 104 AT TSWELOPELE LOCAL MUNICIPALITY FOR THE FINANCIAL YEAR 30 JUNE 2026. Tswelopele Local Municipality hereby invites suitably qualified Bidder for the APPOINTMENT OF SERVICE PROVIDER FOR THE SUPPLY/DEVELOPMENT, CUSTOMISATION AND IMPLEMENTATION OF AN ECL (EXPECTED CREDIT LOSSES) MODEL IN TERMS OF GRAP 104 AT TSWELOPELE LOCAL MUNICIPALITY FOR THE FINANCIAL YEAR 30 JUNE 2026. Bids marked for the attention of the Municipal Manager must be submitted in a sealed envelope marked “SCM/TSW/21/2025-2026: APPOINTMENT OF SERVICE PROVIDER FOR THE SUPPLY/DEVELOPMENT, CUSTOMISATION AND IMPLEMENTATION OF AN ECL (EXPECTED CREDIT LOSSES) MODEL IN TERMS OF GRAP 104 AT TSWELOPELE LOCAL MUNICIPALITY FOR THE FINANCIAL YEAR 30 JUNE 2026 . must be deposited in the tender box located at Tswelopele Local Municipality no later than 18 May 2026 at 12H00 . Offices; No. 1 Bosman Street; Civic Centre, Bultfontein; 9670. Tender documents are available from Tswelopele Local Municipality Website www.tswelopele.gov.za and www.etenderportal.gov.za from the 04 May 2026 . The tenders will be evaluated and adjudicated in line with the approved Supply Chain Management Policy of Tswelopele Local Municipality using 80/20 preference point system in accordance with the Preferential Procurement Policy Framework Act. The tenders will also be adjudicated and evaluated using: 1. Returnables. 2. Functionality 3. PPP Calculations = 80 4. Specified Goals = 20 (Race, Gender, Disability and Youth) There is no site briefing for the tender. Tenders which are late or submitted by facsimile or electronically will not be accepted. Prices quoted must be valid for 60 days from closing date of this tender. The municipality does not bind itself to accept the lowest or any tender and reserves the right to accept any tender either wholly or a part thereof or to disclose reasons for their decision.Enquiries can be directed to SCM Unit at (051) 853 1111 during office hours. There will be no briefing session. Tender documents containing the Conditions of Tender, Evaluation criteria as well as the applicable procurement terms and conditions will be available on E-tender portal (www.etender.gov.za) as well as on municipal website (www.tswelopele.gov.za) When downloaded from the municipal website, tender documents are uncontrolled and the responsibility lies with the bidder to ensure the printout is in line with the Authorized Version on the system . Complete tender documents, fully priced and signed with all the necessary documents attached, must be sealed in an envelope marked TENDER’’ Description of Project / Project Number’’ as mentioned above. Closing date of this tender is 18 May 2026 at 12H00 and should be deposited in the tender box at Tswelopele Local Municipality. Documents must be submitted at 12H00 at 1 Bosman Street, Civic Centre, Bultfontein, 9670. Late submission will be returned unopened. Preferential Procurement Policy Framework of 2022, on 80/20-point system. Tenders will remain valid for 90 (ninety) days. Enquiries related to this tender should be addressed to Mr Thabiso Matyesini or Ms Concilia Ndlovu at (051) 8531111 during working hours. T Manele TSWELOPELE MUNICIPALITY 01 BOSMAN STREET CIVIC CENTRE BULTFONTEIN 9670 Attached is the Tender document for- SCM-TSW-21-2025-2026 – GRAP 104 ECL for download: Tender document – SCM-TSW-21-2025-2026 – GRAP 104 ECL 05/04/2026 by doyi in Tenders

Tender Summary

Objectives

The primary objective of this tender is to appoint a qualified service provider to supply, develop, customize, and implement an Expected Credit Loss (ECL) model in accordance with GRAP 104 at Tswelopele Local Municipality for the financial year ending 30 June 2026. The project aims to facilitate the municipality's adoption of the revised GRAP 104 standards, including ongoing updates, maintenance, and disclosures related to financial instruments and impairment models.

Scope

The scope encompasses:

  • Supply, development, customization, and delivery of an ECL (Expected Credit Loss) model aligned with GRAP 104 (Revised).
  • Implementation of the model to input data directly from the municipality’s financial system (MUNSOFT) without manual data manipulation.
  • Provision of annual license, updates, support, and maintenance for the ECL model.
  • Inclusion of disclosures and transitional provisions as per the revised standards.
  • Potential development of a new Excel-based model if required.
  • Support for the application of related GRAP standards and compliance with transitional provisions.

Technical Requirements

The technical requirements include:

  • Development or customization of an impairment (ECL) model compliant with GRAP 104 (Revised).
  • Model must be Excel-based and capable of integrating data directly from the municipality’s financial reports.
  • Annual license fee for the model, including updates and support.
  • Provision of a detailed project plan demonstrating the development process aligned with GRAP 104.
  • Implementation support, including modifications for data input and reporting functionalities.
  • Adherence to transitional provisions and disclosure requirements of the revised GRAP standards.

Skills Requirements

The successful bidder must demonstrate:

  • Extensive experience in developing and implementing ECL models under GRAP 104 and IFRS 9 standards.
  • Proven involvement in applying ECL models for multiple entities, with evidence of previous projects.
  • Strong technical expertise in financial modeling, especially in Excel.
  • Qualified personnel with relevant accounting, actuarial, or financial qualifications (e.g., CA(SA), IRBA registered auditor, AMASSA/FASSA, CERA).
  • Capability to provide ongoing support, updates, and maintenance for the developed model.
  • Ability to prepare a comprehensive project plan demonstrating understanding of GRAP 104 requirements.
This summary is AI generated. Download the tender documents for all the information.

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