This tender seeks qualified actuaries to conduct valuations of post-employment medical aid subsidies and long service award liabilities in compliance with GRAP25 and accounting standards for a duration of three years.
The Makhuduthamaga Local Municipality invites bids for actuarial valuations related to post-employment medical aid subsidies and long service award liabilities. The successful bidder will be responsible for performing these valuations in accordance with GRAP25 and relevant accounting standards, ensuring that all necessary disclosures are accurately reflected in the municipality's financial statements. The contract will span three years, during which the appointed actuary will also address any post-project auditor queries that may arise.
Bidders must demonstrate substantial experience in conducting similar actuarial valuations, with a focus on local government or public sector entities. The evaluation process will prioritize functionality, price, and specific goals, including the promotion of designated groups. This tender presents an opportunity for firms with expertise in actuarial science and a proven track record in public sector engagements to contribute to the financial integrity of the Makhuduthamaga Local Municipality.
This tender is suitable for actuarial firms with experience in public sector valuations, particularly those familiar with GRAP standards and local government financial reporting.