This tender seeks qualified bidders to provide services related to consumer debtor impairment calculations and Annual Financial Statement (AFS) disclosures in compliance with GRAP 104 for the 2025/26 financial year.
Centlec SOC Ltd is inviting bids for professional services to assist in the implementation of the revised GRAP 104 standards concerning consumer debtor-related financial instruments. The successful bidder will be responsible for developing methodologies for classification, measurement, and impairment calculations, specifically focusing on the Expected Credit Loss (ECL) model. Additionally, the scope includes preparing necessary documentation, templates for disclosures, and providing technical support to management during the audit process.
Bidders must demonstrate prior experience in municipal debt impairment calculations and provide two reference letters. They should also be registered with the South African Institute of Chartered Accountants (SAICA) and submit a detailed methodology for the proposed work. The project aims to ensure compliance with accounting standards while enhancing the financial reporting quality of Centlec, ultimately contributing to better financial management and transparency within the municipal entity.
This tender is suitable for accounting firms, financial consultants, and professionals with expertise in municipal finance and GRAP compliance, particularly those with experience in debt impairment calculations and financial statement preparation.