GRAP 25 Actuarial Valuations for Long Service Bonus Liability.
Thato Blom
In plain English
Ratlou Local Municipality is procuring services for GRAP 25 actuarial valuations for long service bonus award liability. Eligible bidders must be registered on the Central Supplier Database and have proof of membership with a relevant professional body such as the Actuarial Society of South Africa.
Always check the official documentDescription
The Ratlou Local Municipality invites bids for the provision of GRAP 25 actuarial valuation services for long service bonus award liabilities. The successful service provider will be responsible for compiling an actuarial valuation report as of 30 June 2026 and providing training on disclosing these figures in the Annual Financial Statements. The work will take place at the Ratlou Local Municipality. The project must be completed in accordance with Accounting Standards Board requirements. The tender was published on 07 July 2026 and closes on 16 July 2026 at 11:00 a.m. Bidders must demonstrate technical expertise in actuarial science and meet a minimum functionality threshold of 70% to qualify for further evaluation.
What you need to qualify
- CSD registration — Registration on the Central Supplier Database — required to do business with government.
- Tax clearance — A valid SARS tax compliance status (PIN) showing your tax affairs are in order.
- B-BBEE certificate — A B-BBEE certificate or sworn affidavit confirming your contribution level.
- Other registration — An industry registration the tender requires (e.g. PSIRA, NHBRC, a professional or trade licence).
Full requirements
- Valid Tax Compliance Status PIN
- Registered on the Central Supplier Database (CSD)
- Valid B-BBEE certificate
- Proof of municipal services payment for company and directors
- Proof of business and residential addresses
- Professional membership with relevant body
- CVs and qualification certificates for key personnel
Contact & how to apply
Name: Thato Blom
Email: thatob@ratlou.gov.za
Phone: 082-666-4551
How to apply: Quotations must be submitted in the tender box located at the Ratlou Local Municipal Offices in Setlagole Village. Bidders must include all required MBD forms, which can be obtained from Office #45 at the municipal offices or via the municipal website.
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