Capricorn District Municipality seeks a service provider for the implementation of a GRAP 17 compliant assets register over a 30-month period. Key tasks include asset verification, valuation, and compliance with accounting standards.
The Capricorn District Municipality is inviting bids for the appointment of a service provider to implement a GRAP 17 compliant assets register for a duration of thirty months, covering the financial years 2025/26, 2026/27, and 2027/28. The successful bidder will be responsible for conducting bi-annual asset verification, establishing the condition and residual values of all municipal assets, and ensuring compliance with the Municipal Standard Chart of Accounts (mSCOA) requirements. This includes reconciling the asset register with the trial balance, general ledger, and annual financial statements, as well as responding to queries from the Auditor General regarding property, plant, and equipment.
Additionally, the service provider will be tasked with updating GRAP 17 related accounting policies, preparing disclosure notes, and providing capacity building and training for municipal staff. This project aims to enhance the municipality's asset management capabilities, ensuring accurate financial reporting and effective asset utilization. Bidders must demonstrate relevant experience and qualifications in asset management and accounting to be considered for this opportunity.
This tender is suitable for businesses specializing in asset management, financial consulting, and accounting services, particularly those with experience in municipal or public sector projects and compliance with GRAP standards.