Three-year contract for ECL model development.
Mr. Khulekani Nxumalo
In plain English
The uMlalazi Municipality is procuring a three-year contract for the development, customization, and implementation of an Expected Credit Loss (ECL) model in terms of GRAP 104. Only entities registered with the South African Institute of Chartered Accountants (SAICA) are eligible to bid.
Always check the official documentDescription
The uMlalazi Municipality invites tenders for a three-year contract to develop, customize, and implement an Expected Credit Loss (ECL) model in compliance with GRAP 104. The project involves creating an Excel-based model that integrates with the PHOENIX financial system, updating debt impairment policies, and providing ongoing technical support and training. The work will take place in Eshowe, KwaZulu-Natal. The contract duration is 36 months, and the closing date for submissions is 06 July 2026. Bidders must demonstrate technical expertise and meet specific functionality thresholds to qualify for this financial advisory and systems implementation project.
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 with SAICA
- Must have valid Tax Clearance and CSD registration
- Must provide proof of municipal rates or valid lease agreement
- Must hold professional indemnity insurance and COIDA registration
- Must provide audited financial statements for contracts exceeding R10 million
- Must provide evidence of relevant project experience and professional certifications
Contact & how to apply
Name: Mr. Khulekani Nxumalo
Email: KhulekaniN@umlalazi.gov.za
Phone: 035-473-3300
How to apply: Submit sealed tenders, clearly marked with the tender number and description, to the Tender Box at the Municipal Buildings, KV Challenor Street, Eshowe, 3815. Late, electronic, or faxed submissions will not be accepted.
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