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Buy nowThis tender invites proposals for a three-year contract to update and maintain the immovable asset register. Key requirements include compliance with GRAP standards and regular physical verification of assets.
The City of Mbombela seeks qualified service providers to undertake the updating and maintenance of its immovable asset register over a three-year period. This project aims to ensure that all infrastructure assets are accurately accounted for and valued in accordance with Generally Recognized Accounting Practices (GRAP). Bidders must demonstrate experience in managing similar projects, particularly for municipalities with significant asset portfolios, and provide a comprehensive skills transfer plan to enhance local capacity.
The successful bidder will be responsible for updating the asset hierarchy, conducting regular physical inspections, assessing asset conditions, and determining useful lives and residual values. Additionally, the contractor must ensure compliance with municipal regulations and assist during audit processes. The project is expected to enhance the municipality's asset management capabilities and contribute to improved financial reporting and accountability.
This tender is suitable for businesses specializing in asset management, municipal consulting, and those with experience in public sector projects. Companies with a proven track record in maintaining asset registers and compliance with GRAP standards are encouraged to apply.