Investment Property Valuation for PRASA.
PRASA
Compulsory briefing — you must attend to bid
10 November 2026 at 11:00 · Microsoft Teams (Virtual)
In plain English
PRASA is seeking a service provider to conduct investment property valuations for 36 months. Bidders must be credible and experienced with the capacity and resources to perform the task.
Always check the official documentDescription
Intersite Asset Investments, a subsidiary of PRASA, is seeking an expert service provider to conduct investment property valuations. The project involves valuing approximately 400 assets, including high-income stations and developed/undeveloped sites, to ensure compliance with IFRS and Auditor General requirements. The successful bidder will provide annual valuation reports for 2027, 2028, and 2029. Key activities include data collection, site inspections, market research, and the compilation of formal valuation reports. The contract will span 36 months, with work performed across South Africa, primarily in major metropolitan areas. Bidders must demonstrate significant experience in valuing large portfolios and possess the necessary technical capacity to meet a 70% functionality threshold. The project requires adherence to International Valuation Standards and the Property Valuers Profession Act.
What you need to qualify
- CSD registration — Registration on the Central Supplier Database — required to do business with government.
- Registered company — An active CIPC-registered company in good standing.
- Tax clearance — A valid SARS tax compliance status (PIN) showing your tax affairs are in order.
- Letter of Good Standing — COID registration and a Letter of Good Standing from the Compensation Fund.
- UIF registration — Registration with the Unemployment Insurance Fund.
- Other registration — An industry registration the tender requires (e.g. PSIRA, NHBRC, a professional or trade licence).
Full requirements
- Professional registration with SACPVP
- Valid SARS Tax Compliance Status PIN
- Registered on the Central Supplier Database (CSD)
- Valid COIDA Letter of Good Standing
- Proof of UIF registration
- Professional Indemnity Insurance of at least R15 million
- Valid company registration documents
Contact & how to apply
Name: Max Mashabane
Email: Max.Mashabane@prasa.com
Phone: 011-013-1463
How to apply: Submit bids in a two-envelope system (Envelope 1: Technical; Envelope 2: Financial) to the PRASA tender box at Umjantshi House, 30 Wolmarans Street, Braamfontein, Johannesburg, 2001. Include one original, copies, and an electronic version on a memory card or hard drive.
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