This tender seeks service providers to deliver auctioneering services for the recovery of collateral assets held by the Small Enterprise Development and Finance Agency (SEDFA) over a three-year period. Key requirements include expertise in asset recovery and auction management.
The Small Enterprise Development and Finance Agency (SEDFA) is inviting qualified service providers to submit proposals for auctioneering services aimed at recovering collateral assets that serve as security for loans from defaulting clients. This three-year contract will require the selected auctioneers to effectively manage the auction process, ensuring compliance with legal and regulatory requirements while maximizing asset recovery values. Providers must demonstrate a proven track record in auction management and asset recovery, as well as the ability to handle diverse asset types.
The scope of work includes the preparation and execution of auctions, marketing of assets, and post-auction settlement processes. Service providers will be expected to maintain transparent communication with SEDFA and adhere to the stipulated timelines and conditions outlined in the tender documents. This initiative not only aims to recover outstanding debts but also supports the financial sustainability of SEDFA, ultimately benefiting the broader economic landscape by enabling more efficient loan recovery processes.
This tender is suitable for auctioneering firms, asset recovery specialists, and financial service providers with experience in managing auctions and recovering collateral assets. Businesses with a strong understanding of compliance and regulatory frameworks in South Africa will find this opportunity particularly relevant.
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