This tender seeks the supply, customization, delivery, and implementation of an Expected Credit Loss (ECL) model in accordance with GRAP 104 for the financial years ending June 2026 and June 2027. The project aims to enhance financial reporting and compliance.
The Saldanha Bay Municipality is inviting tenders for the development, customization, delivery, and implementation of an Expected Credit Loss (ECL) model that complies with the Generally Recognized Accounting Practice (GRAP) 104. This model is essential for accurately assessing and reporting expected credit losses in financial statements for the fiscal years ending June 30, 2026, and June 30, 2027. The successful bidder will be responsible for ensuring that the model meets all regulatory requirements and is tailored to the specific needs of the municipality.
The scope of work includes a thorough analysis of the municipality's current financial practices, the design of a robust ECL model, and the provision of training and support for staff to effectively utilize the new system. Additionally, bidders must demonstrate their experience in similar projects and provide a detailed implementation plan, including timelines and deliverables. This initiative is crucial for enhancing the municipality's financial management and ensuring compliance with national accounting standards, ultimately leading to improved financial sustainability and transparency.
This tender is suitable for accounting firms, financial consultants, and software developers with expertise in financial modeling and compliance with GRAP standards. Businesses with a proven track record in delivering similar projects are encouraged to apply.