The Mandela Bay Theatre Complex seeks a qualified service provider to update its Fixed Asset Register (FAR) to ensure compliance with GRAP standards. Key tasks include asset verification, valuation, and audit support.
The Mandela Bay Theatre Complex is inviting tenders for the provision of services to update its Fixed Asset Register (FAR) in compliance with the Generally Recognized Accounting Practice (GRAP). The successful service provider will be responsible for verifying 100% of movable assets using the Durcharme system, assessing the useful lives of existing assets, and determining the year-end values to be disclosed in the Annual Financial Statements (AFS). Additionally, the provider will assist in addressing any audit queries related to Property, Plant, and Equipment and provide valuation expertise for notional annual rental assessments.
This project aims to enhance the financial accountability and transparency of the Mandela Bay Theatre Complex by ensuring that its asset management practices align with national accounting standards. The service provider must deliver a comprehensive cost breakdown, including VAT and travel expenses, and adhere to a strict timeline for project completion. Bidders must also demonstrate relevant experience and provide detailed CVs of their team members, showcasing their qualifications and past performance in similar projects.
This tender is suitable for accounting firms, asset management consultants, and valuation experts with experience in public sector compliance and asset verification. Businesses must have a proven track record in delivering similar services and be registered with the National Treasury Central Supplier Database.