GRAP Compliant Fixed Asset Register Compilation

The uMlalazi Municipality is inviting tenders for the compilation of a fixed asset register that complies with the Generally Recognized Accounting Practice (GRAP) standards. This project will involve a comprehensive physical verification of existing infrastructure assets, ensuring that all assets are accurately recorded and assessed for their condition. The successful bidder will be responsible for conducting detailed assessments, documenting findings, and providing recommendations for asset management over a three-year period.

The scope of work includes the identification and verification of all infrastructure assets, categorizing them according to GRAP requirements, and performing conditional assessments to determine their operational status and maintenance needs. This initiative aims to enhance the municipality's asset management capabilities, improve financial reporting, and ensure compliance with regulatory standards. Bidders should possess relevant experience in asset management and accounting practices, as well as the capacity to deliver high-quality reports and documentation throughout the project duration.