Assessment of Eskom Rotek Industries' Fixed Assets Register.
Eskom
In plain English
Eskom is seeking a service provider for the assessment of Eskom Rotek Industries' Fixed Assets Register for one year. Eligible bidders must not be under any restriction to do business with Eskom or State-Owned Companies.
Always check the official documentDescription
Eskom Rotek Industries (ERI) is seeking a consultant to provide independent valuation and assessment services for its Fixed Assets Register (FAR). The project involves evaluating residual values, useful lives, and impairment of various asset classes, including land, buildings, transport fleets, and workshop equipment across multiple South African sites. This contract follows the NEC3 Professional Services Short Contract (PSSC3) framework and is expected to last for 12 months. The successful bidder must provide a comprehensive report supported by technical and financial evidence, ensuring compliance with IFRS, IAS 16, IAS 36, and the Public Finance Management Act. The project requires a multidisciplinary team, including professional engineers, a Chartered Accountant, and specialized asset valuers. The work is essential for maintaining accurate financial records and regulatory compliance for ERI.
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.
- Letter of Good Standing — COID registration and a Letter of Good Standing from the Compensation Fund.
- Other registration — An industry registration the tender requires (e.g. PSIRA, NHBRC, a professional or trade licence).
Full requirements
- Must be registered on the Central Supplier Database (CSD).
- Must have valid SARS tax compliance status.
- Must hold relevant professional registrations (Pr.Eng or CA(SA)).
- Must hold International Valuation Standards Council (IVSC) corporate registration.
- Must maintain an ISO 9001 compliant Quality Management System.
- Must provide a valid COIDA Letter of Good Standing.
- Must hold Professional Indemnity and Public Liability insurance.
Contact & how to apply
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