Rfq: Actuarial Valuation Requirement as Per Grap 25 for the Year Ending 30 June 2026

RFQ

See details below or the tender documentation

Tender Closed on: 2026-06-23 10:00

Stellenbosch Municipality

Actuarial Services, MFMP, GRAP and mSCOA Compliance, Valuation Services

Stellenbosch, Western Cape

Stellenbosch Municipality

Stellenbosch Municipality Tenders

Account Functions

You will need an account login to View Tender Documents, Create a Business Listing on the site or to add your details to show your interest in joining a Joint Venture or working as subcontractor for this tender


  • Sign Up
Or Login Using
Please wait. Signing you in...
Or Login Using
Please wait. Signing you in...
Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.

RFQ: Actuarial Valuation Requirement As Per GRAP 25 For The Year Ending 30 June 2026

Administrative enquiries: Adeline Ramadie Tel: 0218088719 e-mail: Adeline.Ramadie@stellenbosch.gov.za

REQUEST FOR FORMAL WRITTEN PRICE QUOTATIONS: RFQ Actuarial Valuation Requirement As Per GRAP 25 For The Year Ending 30 June 2026

Kindly furnish me with a written quotation for the service indicated above and as depicted in the document.

The quotation must be submitted on the letterhead of your business with completed MBD supporting documentation and emailed to [email protected] by not later than 23 June 2026 at 10h00.

 

Disclaimer: Copy of the B-BBEE Certificate issued by a Verification Agency accredited by SANAS or the ORIGINAL Sworn Affidavit must be submitted by hand within 48 hours of submission of quote (the original sworn affidavit is valid for the year therefore it must be delivered by hand and will be kept on file for the year.) Please ensure that the municipal statement of account of the all the directors and of the company are also submitted (Not older than 90 days)


Tender Summary

Objectives

The primary objective of this tender is to obtain a qualified actuarial service to perform a valuation of liabilities related to the Post-Employment Medical Aid Subsidy and Long Service Awards for Stellenbosch Municipality, for the financial year ending 30 June 2026. The valuation aims to enable the Municipality to provide accurate disclosures in their financial statements regarding these liabilities, in accordance with GRAP 25 standards.

Scope

The scope includes:

  • Conducting an actuarial valuation for the liability related to Post-Employment Medical Aid Subsidy and Long Service Awards for employees, retirees, and dependants.
  • Performing the valuation for the financial year ending 30 June 2025.
  • Including all relevant assumptions used in calculations, such as inflation, discount rates, withdrawal rates, retirement ages, mortality, and continuation at retirement.
  • Providing a detailed report that includes current and non-current portions of the liabilities.

Technical Requirements

The technical requirements specify that the bidder must:

  • Perform an actuarial valuation aligned with GRAP 25 standards.
  • Include all assumptions and conduct sensitivity analyses on key variables such as inflation, discount rates, mortality, and retirement ages.
  • Disclose the current and non-current portions of the liabilities.
  • Submit a comprehensive report with detailed calculations and assumptions.

Skills and Qualifications Requirements

The bidder must demonstrate:

  • Proven expertise in actuarial valuations, specifically for post-employment benefits and long service awards.
  • Relevant experience with municipal or public sector entities and familiarity with GRAP 25 standards.
  • Ability to perform sensitivity analyses and provide detailed assumptions documentation.
  • Qualified actuaries with appropriate certifications and professional standing.
  • Capability to deliver the valuation report within the specified timeframe ending 30 June 2025.
This summary is AI generated. Download the tender documents for all the information.

How to Submit a Response / Quote to this Tender

The information needed for submitting your quote is in the description of the tender and the Tender Documents. You will also need documents and templates supplied by the entity that issued the tender, in order to supply the correct business and quote information.

To get the Tender Documents, click on the “Download Tender Documents” button below. This will take you to the Download page for this specific tender. To download the documents, you will need to create a Free Download account and then Login to this account. There is a Registration and Login form on the Download page, or above the tender description on this page. There are also Register and Login links at the top of all pages of this website.

Once you have the Tender Documents, complete them with your details and the quote details and submit to the entity or organisation that issued the tender. The details and method to submit are in the tender description and the tender documents.

Joint Ventures, Consortia and Subcontracting:

Most large tenders are composed of tasks in a number of different fields, and it is not always possible for a single company to cater for all of them, and therefore Joint Ventures and Consortia are formed to then submit a tender together.

Government tenders are also requiring the subcontracting of a percentage of the tender work, and the trouble is then finding Subcontractors to comply with the tender requirements

To assist companies with finding tender partners and subcontractors, you can now submit your contact details and company information on this page, so other interested parties can contact you for purposes of forming Joint Ventures and subcontracting

You will need to supply your details on every tender you are interested in tendering for. For this you need an active Business Listing - Register and Login at My Account to create a Business Listing

NOTE: This is not a tender application form, it is meant to facilitate the meeting of partners to form a Joint Venture or Subcontractor relationship for this tender only


To submit your details for this tender, you will need to Register an account - see the Registration form on this page or go to My Account

If you already registered, please login at My Account

You will also need to create a Business Listing in order to show your information here

Potential Subcontractor and Joint Venture Partners

To view a list of Businesses that match the Categories of this tender,
please Subscribe to a Paid Notification Plan

(If you are already a Paid Subscriber - not Trial, please Login to view this information on this tender)

Why not let us send tenders to your inbox?

from R120 per month