This tender seeks a service provider for the supply, customization, delivery, and implementation of an Expected Credit Loss (ECL) model for the compilation of Annual Financial Statements (AFS) in compliance with GRAP 104 for the financial year ending June 2026.
The King Cetshwayo Municipality is inviting tenders for the development and implementation of an Expected Credit Loss (ECL) model that aligns with the standards set forth in GRAP 104. This model will be crucial for accurately compiling the Annual Financial Statements (AFS) for the financial year ending June 2026. The successful bidder will be responsible for customizing the model to meet specific municipal requirements, ensuring compliance with relevant financial regulations, and delivering a user-friendly solution that integrates seamlessly with existing financial systems.
The scope of work includes the analysis of current financial data, the design of the ECL model, and the provision of training and support to municipal staff. The chosen service provider will need to demonstrate expertise in financial modeling, a thorough understanding of GRAP standards, and the ability to deliver a robust solution within the specified timeframe. This project not only aims to enhance financial reporting accuracy but also to improve the municipality's overall financial management capabilities, ultimately contributing to better governance and accountability.
This tender is suitable for financial consulting firms, software development companies specializing in financial solutions, and organizations with expertise in public sector finance and compliance with GRAP standards.