Implementation of Revised GRAP 104

The Enoch Mgijima Local Municipality is inviting bids for the implementation of the revised GRAP 104 for the financial year ending June 30, 2026. This project aims to ensure that the municipality's financial statements accurately reflect its financial position and comply with the latest accounting standards. The successful bidder will work closely with the Budget and Treasury Office (BTO) to provide on-site support, develop impairment models for financial instruments, and calculate expected credit losses (ECL). Additionally, the service provider will be responsible for skills transfer to municipal staff and providing audit support during the financial audit process.

The scope of work includes conducting a thorough review of the municipality's current financial reporting practices, developing a three-stage impairment model, and ensuring that all deliverables are completed within the stipulated two-month timeframe. The successful bidder will need to demonstrate extensive experience in implementing GRAP standards, particularly GRAP 104, and provide a detailed methodology for achieving the project objectives. This tender presents an opportunity for firms specializing in financial services and municipal accounting to contribute to the enhancement of local government financial management.