Objectives

The primary objective of this tender is to engage a qualified service provider to deliver accounting services related to assets, including normal assets, animals, and debtors, for Johannesburg City Parks and Zoo (JCPZ). The project aims to assess the useful lives of various asset classes, support management in asset re-evaluation, and assist in the preparation of financial statements prior to submission to the Auditor General of South Africa (AGSA) by 31 August 2026. Additionally, the project includes skills transfer to JCPZ officials and reporting to relevant management structures.

Scope

The scope encompasses:

• Assessment of the useful lives of property, plant, and equipment, including living (animals) and non-living resources (assets like plants).
• Re-evaluation of assets, especially those fully depreciated, for impairment and useful life adjustments.
• Preparation and review of asset components within the Annual Financial Statements (AFS).
• Delivery of related reporting and documentation to support compliance with statutory requirements.
• Skills transfer to JCPZ officials involved in asset management and financial reporting.

Technical Requirements

The technical requirements include:

• Completion of the Bill of Quantities (BOQ)/Specification for the services.
• Provision of a detailed methodology for reviewing annual financial statements, re-assessing useful lives of assets, and performing impairment assessments, covering:
• Reviewing asset useful lives in accordance with GRAP standards.
• Identifying and documenting impairment indicators.
• Providing detailed reports on asset valuation and impairment assessments.
• Skills transfer and capacity building for JCPZ staff.
• Adherence to all relevant accounting standards, regulations, and internal policies.

Skills Requirements

The tenderer must demonstrate:

• Qualified personnel with relevant accounting credentials (CTA, AGA(SA), ACCA, CIMA).
• Experience of 3 to 5 years in reviewing Annual Financial Statements and asset re-assessment, with a preference for personnel with 6 to 9 years or more.
• Provision of detailed CVs of key personnel, highlighting experience in asset revaluation, impairment assessments, and financial reporting per GRAP standards.
• Experience of the company in similar projects, supported by reference letters from previous clients.
• Methodological approach to asset review, impairment testing, and financial statement preparation.

Overall, bidders must meet a minimum threshold of 80 points on functionality to proceed further in the evaluation process.