This tender seeks a service provider to review, compile, and update the GRAP/MSCOA compliant Fixed Asset Register, reconciling it with the General Ledger for the financial years 2025/26 to 2026/27.
The Kareeberg Municipality is inviting tenders for the appointment of a service provider to conduct a comprehensive review, compilation, and updating of the Fixed Asset Register in compliance with the Generally Recognized Accounting Practice (GRAP) and the Municipal Standard Chart of Accounts (mSCOA). The successful bidder will be responsible for ensuring that the Fixed Asset Register is accurately reconciled with the General Ledger, maintaining compliance with relevant financial regulations and standards. This project will span the financial years 2025/26 to 2026/27, requiring a detailed methodology and project plan that includes deliverables, milestones, and a timeline for implementation.
The scope of work includes updating and maintaining the asset hierarchy, developing a work-in-progress register, performing asset verification and condition assessments, and preparing necessary journals and reconciliations. Additionally, the service provider will be required to assist during the audit process and provide training to municipal staff on asset management practices. This project aims to enhance the municipality's asset management capabilities, ensuring efficient and effective management of public resources.
This tender is suitable for firms specializing in municipal finance, asset management, and accounting services, particularly those with experience in GRAP and mSCOA compliance. Companies with a proven track record in similar projects and the ability to provide training and support to municipal staff are encouraged to apply.