Seeking a service provider for a comprehensive cleanup of the Fixed Asset Register and physical verification of assets over a three-month period. Key tasks include impairment testing, reassessment of asset values, and training for finance staff.
The National Research Foundation is inviting bids for the appointment of a qualified service provider to conduct a thorough physical verification of assets and a comprehensive cleanup of the Fixed Asset Register (FAR). This project will span three months and aims to ensure the accuracy and completeness of the asset records across all seven business units and their respective nodes. The selected provider will be responsible for identifying discrepancies, assessing asset conditions, and updating asset information in compliance with GRAP standards.
In addition to the verification process, the service provider will conduct impairment testing and reassess the useful lives and residual values of assets. The project will also include the development of asset management guidelines and training sessions for asset controllers and finance managers to enhance internal controls and asset management practices. This initiative is crucial for maintaining financial integrity and ensuring compliance with applicable financial reporting requirements.
This tender is suitable for businesses specializing in asset management, financial auditing, and accounting services, particularly those with experience in public sector projects and compliance with GRAP standards.
Answer a few questions — by voice, chat or a short form — and your official quote arrives as a PDF you can circulate for sign-off, ready to accept online. One fixed annual figure for your whole bid team.