Seeking a service provider to deliver actuarial valuation services for post-employment medical aid obligations, adhering to GRAP 25 standards over a three-year period. This tender aims to ensure compliance and accurate financial reporting.
The uMalusi Council for Quality Assurance in General and Further Education and Training is inviting proposals from qualified service providers for actuarial valuation services related to post-employment medical aid obligations. This engagement will span a period of three years and must comply with the General Recognized Accounting Practice (GRAP 25) standards, which are crucial for accurate financial reporting and accountability in the public sector.
The selected service provider will be responsible for conducting thorough actuarial valuations, which include assessing the financial implications of post-employment medical aid obligations, providing insights into future liabilities, and ensuring that all calculations and reports meet the regulatory requirements. This is an essential service that will aid the council in maintaining transparency and fiscal responsibility while managing its employee benefits effectively.
By participating in this tender, service providers will have the opportunity to contribute to the financial integrity of a key educational oversight body in South Africa. The successful bidder will not only fulfill a critical compliance role but will also enhance the council's ability to manage its obligations efficiently, ultimately benefiting the educational sector as a whole.
This tender is suitable for actuarial firms and financial service providers with expertise in post-employment benefits and compliance with GRAP standards. Businesses with experience in public sector contracts and a strong understanding of actuarial methodologies are encouraged to apply.