Invitation for Proposals for the Provision of External Audit Services for La Mercy Joint Venture (lmjv) for the Period of Five (5) Years

JV/RFP/01/FIN/10/2020: Invitation for proposals for the provision of external audit services for La Mercy Joint Venture (LMJV) for the period of five (5) years

Dube TradePort Corporation (DTPC) a provincial public entity (section 3C in terms of the Public Finance Management Act) and Airports Company South Africa entered into a joint venture, forming the La Mercy JV Property Investments (Pty) LTD (LMJV). Refer to www.dubetradeport.co.za for more information on La Mercy JV Property Investments (Pty) Ltd (LMJV).

LMJV seeks to appoint a professional firm specialising in auditing and registered with IRBA for the provision of external audit services for LMJV, for a five-year period commencing 2021/2022 to 2022/2025.

The scope will include the audit of financial statements; audit and reporting of predetermined objectives and the audit of compliance with legislation. The audit must be conducted in accordance with the International Standards on Auditing (ISAs).

The service provider must have expertise and knowledge of the PFMA, Treasury Regulations, Companies Act and other relevant legislation. The annual financial statements are prepared in conformity with Generally Recognised Accounting Practice (GRAP) and International Financial Reporting Standards (IFRS). Where the standards of GRAP are not available, then IFRS is used.

In line with the PPPFA regulations, 2017 sub regulation 4, the prequalification for this bid, is that only companies with B-BBEE level 1or 2 status are eligible to tender.

EVALUATION OF THIS BID

All proposals will be evaluated in various stages – compliance and functionality will be assessed and thereafter all responsive proposals will be evaluated in accordance with the PPPFA regulations, 2017 using the 80/20 preference points system.

REQUESTS FOR DOCUMENTS & ENQUIRIES

Bid documents will only be available via email from, 23^rd November 2020 up to 30^th November 2020 during the weekdays (Mon – Fri) between 08h30 and 16h00. A non-refundable document fee of R250 (Two hundred and fifty Rands) must be paid via EFT and proof of payment must be emailed to [email protected]. No cash will be accepted. Please allow 2 days for funds to reflect in the account. DTPC will only email documents once the payment has been cleared in its bank account. Payments must contain the reference, “JV/RFP/01/FIN/10/2020” and must clearly identify the Bidder, e.g. “ABC Consortium”. Electronic versions of these documents will only be available on confirmation and/or proof of payment.

LA Mercy JV Property Investments (Pty) Ltd banking details:

Bank: Nedbank, A/C No.: 164 818 2224, Branch Code: 198 765, A/C Name: LA Mercy JV Property Investments (Pty) Ltd, Account type: Current

A COMPULSORY briefing session meeting (Virtual) for service providers, who have paid for and received the Bid Documents during the period as specified above, will be held via Microsoft Teams on, 1^st December 2020 at 11h00.

Enquiries should be directed via email: [email protected]

CLOSING TIME & DATE FOR SUBMITTING RESPONSES

Proposals must be submitted at the DTPC offices on or before 11h00, South African time 10^th  DECEMBER 2020. Documents should be clearly marked “PROVISION OF EXTERNAL AUDIT SERVICES FOR LA MERCY JOINT VENTURE (LMJV)”.