Seeking a qualified service provider to conduct a fair value assessment of heritage assets in compliance with GRAP 103 standards. The assessment aims to ensure accurate valuation and reporting for the Performing Arts Council of the Free State.
The Performing Arts Council of the Free State invites proposals from experienced service providers to perform a comprehensive fair value assessment of its heritage assets. This assessment must adhere to the guidelines set forth in GRAP 103, which governs the recognition and measurement of heritage assets in public sector accounting. The successful bidder will be responsible for evaluating the current value of these assets, ensuring compliance with applicable standards, and providing a detailed report that reflects the fair value of the heritage assets.
The scope of work includes an in-depth analysis of the heritage assets, which may encompass historical artifacts, artworks, and other culturally significant items owned by the council. The assessment should consider various factors, including market conditions, historical significance, and the physical condition of the assets. The final deliverable will be a comprehensive report that not only meets the GRAP 103 requirements but also provides insights into the management and preservation of these valuable assets. This project is expected to enhance the council's financial reporting and strategic asset management, ultimately contributing to better governance and accountability in the arts sector.
This tender is suitable for accounting firms, valuation specialists, and consultants with expertise in public sector financial reporting and heritage asset management. Businesses with experience in GRAP compliance and cultural asset valuation are encouraged to apply.