This tender seeks a service provider to develop a customized GRAP 104 compliant expected credit loss model for municipal receivables and financial instruments over a three-year period, ensuring compliance with accounting standards.
The Makhuduthamaga Local Municipality is inviting bids for the supply and development of a tailored expected credit loss (ECL) model that complies with GRAP 104 standards. This model will be used for receivables and other financial instruments related to the municipality's Annual Financial Statements (AFS) for a duration of three years. The successful bidder will be responsible for creating a robust tool that integrates with the municipality's existing financial systems, specifically SAGE Evolution 200, to facilitate accurate credit assessments and impairment calculations.
The scope of work includes customizing the ECL model, assisting in the preparation of relevant accounting policies, and providing technical training to municipal staff. Additionally, the contractor will support the municipality in addressing audit queries and ensuring that all financial reporting aligns with the latest GRAP standards. This project aims to enhance the municipality's financial reporting capabilities, improve compliance, and ultimately contribute to better financial management practices.
This tender is suitable for accounting firms, financial consultants, and software developers with expertise in GRAP compliance and experience in developing financial models for municipalities or similar entities.