Objectives

The primary objective of this tender is to engage a Chartered Accountant to perform agreed-upon procedures on the College's CIEG expenditure. The aim is to ensure accurate verification and validation of expenditure related to the College's CIEG activities.

Scope

The scope of the tender includes:

• Conducting agreed-upon procedures on CIEG expenditure data provided by the College.
• Reviewing financial documentation and supporting evidence related to CIEG projects.
• Providing a detailed report on the findings of the procedures performed.

The engagement is limited to the specific expenditure and related documentation as specified by the College, with an emphasis on compliance and accuracy.

Technical Requirements

The technical requirements for the tender encompass the following criteria:

1. Experience

• Demonstrated successful completion of similar projects, particularly within the TVET environment.
• Provision of references and letters from previous clients confirming experience and quality of work.

2. Qualifications

• Relevant professional qualifications, including Chartered Accountant registration with IRBA and SAICA.
• Additional registration in the Building environment (if applicable).
• Submission of certified copies of qualifications and registration certificates not older than 3 months.

3. Delivery Strategy and Methodology

• Provision of a detailed delivery strategy outlining the approach to performing the agreed-upon procedures.
• Clear demonstration of methodology, including stages of the audit process and compliance measures.

4. Financial Viability

• Submission of latest financial statements or a letter from an accredited accountant confirming financial stability.
• Assessment of financial health to ensure capability to deliver the required services.

Evaluation Criteria

The bid will be evaluated based on:

• Experience and past performance (points allocated based on project history and references).
• Qualifications of the proposed team members.
• Delivery methodology and strategy.
• Financial viability of the bidder.
• Price and B-BBEE scores, with 80 points allocated for price and 20 points for B-BBEE.