21 John Ross Parkway - Richards Bay - Richards Bay - 3900
Organization Type
GOVERNMENT
Published
17 Jul 2026
OCDS Reference
ocds-9t57fa-162772
Summary
Foskor seeks an experienced valuation firm to determine the fair market value, forced sale value, and other valuation bases for its unassembled npk blending plant (a.J. Sackett & sons, 100 tons/hour capacity) in richards bay. The successful bidder must provide a detailed valuation report, market assessment, and disposal strategy recommendations.
Key Requirements
Demonstrate proven experience in valuing industrial plant & machinery, particularly fertilizer, chemical, or bulk materials handling plants (minimum 2 similar projects in the last 10 years).
Submit a detailed valuation methodology covering Market Comparable, Depreciated Replacement Cost (DRC), Forced Sale Value (FSV), and Scrap Value, including assumptions and limitations.
Provide CVs and professional registrations for the lead valuer and team, with a minimum of 5 years’ experience in plant valuation.
Conduct physical inspection and verification of all NPK Plant components against documentation.
Deliver a comprehensive report with executive summary, asset register, condition assessment, photographic evidence, and value conclusions for each asset and the total plant.
Maintain professional indemnity insurance and comply with all safety, health, environmental, and security requirements at the asset location.
Achieve a minimum 70% score in the Technical Evaluation (functionality) to qualify for further assessment.
Review in progress · 0 of 1 documents being finalised
AI Document Analysis Stages
Document read. The full tender notice and its supporting documents are read end-to-end. Key sections, requirements, dates, and contact details are identified and pulled into a working summary you can act on.
Compliance review. The working summary is checked against South African procurement standards — PFMA, PPPFA, B-BBEE, CIDB, local content, and preferential procurement — so nothing critical is missed before you start your bid response.
RFQRFQ 4586.zipReview complete
Description
Source: RFQ 4586.zip
Important Dates
17 Jul
2026
PUBLICATION
Tender Published
Tender was published
29 Jul
2026
DEADLINE
Closing Date
Tender closing date
Procurement Rules & Compliance ContextThis tender may be governed by South African public procurement rules covering fairness, transparency, preferential procurement, anti-corruption, administrative justice and access to information.
7 rules
These references help suppliers understand the public-procurement framework around this opportunity. They are generated from the tender category, issuing organisation type and procurement context.
Core procurement rules
These rules commonly apply to South African public-sector procurement.
7
Broad-Based Black Economic Empowerment Act (B-BBEE Act)
Act 53 of 2003
high
Provides the empowerment-compliance context often used in public-sector supplier evaluation.
Relevant because this is a South African public-sector procurement opportunity.
Constitution of the Republic of South Africa, 1996 – Section 217
Act 108 of 1996 (s217)
high
This is general procurement context, not legal advice. Always verify requirements in the official tender documents and issuing authority notices.
Foskor (Pty) Ltd, a division of the Industrial Development Corporation of South Africa, is seeking proposals for the valuation of an NPK (Nitrogen-Phosphorus-Potassium) Plant located in Richards Bay, KwaZulu-Natal. The plant is a batch process blending system with a throughput of 100 tons/hour of bagged product. The successful bidder will be responsible for determining the Fair Market Value, alternative values (e.g., Forced Sale Value, Orderly Liquidation Value, Replacement Value), and advising on the most appropriate disposal strategy. The scope includes physical inspection, asset verification, valuation methodology application, market assessment, and deliverables such as a detailed valuation report, value breakdown, and commercial recommendations. The tender closes on 29 July 2026 at 12:00 GMT+0000.
Industrial Development Corporation of South Africa Limited
Google
The IDC is a national development finance institution that funds industrial and entrepreneurial growth in South Africa.
Similar Tenders
Matched by category & region
Supplier Readiness Hub
Free guidance to prepare before you bid
Not sure if your business is ready for this tender? Check CSD, CIDB, and B-BBEE requirements, run a readiness assessment, and move from opportunity to submission.
Based on 3 comparable awarded tenders. Companies with similar profiles typically bid near the median.
* Estimates are based on historical data and do not guarantee actual award values.
Bid-ready summary. The submission guidelines, evaluation criteria, technical, financial, and compliance sections are refined into professional, easy-to-scan prose. This is the final version you can rely on when preparing your bid or briefing your team.
We refine every tender document through these stages so you can brief your team and prepare your bid with confidence. Anything marked as "in progress" will be upgraded automatically — no action required from you.
Document read
Compliance review
Bid-ready summary
Foskor seeks a valuation company to assess an NPK Blending Plant at its Richards Bay operations.
The plant is a batch process tower blending system by A.J. Sackett & Sons, with a throughput of 100 tons/hour of bagged product.
The plant is not assembled and includes components like feeding, screening, spouting, holding bins, weigh hopper, mixer, baggers, and automation.
Objective: Determine Fair Market Value and alternative values (Forced Sale, Scrap), and advise on disposal strategy.
Services include asset inspection, valuation methodology application, market assessment, and detailed reporting.
Important Dates
Source: RFQ 4586.zip (RFQ)
Closing date: 29 July 2026.
Closing time: 12h00 (noon).
Validity period: Bids must remain valid for 60 business days from the closing date. Foskor may request an extension.
No site visits, briefing sessions, or clarification deadlines are specified in the document.
Contact Information
Source: RFQ 4586.zip (RFQ)
For clarifications before the closing date, contact Nana Ndlovu via email: [email protected].
After the closing date, communicate only with the General Manager Procurement.
No physical address or phone number for submission is provided in the extracted text.
Submission Guidelines
Source: RFQ 4586.zip (RFQ)
Submit your bid by the closing date and time: 29 July 2026 at 12h00. Late bids will be disqualified.
Bids must be delivered in a sealed envelope with the bid number and subject marked on the front, and the bidder's return address on the reverse.
Complete all bid forms legibly in non-erasable ink. Use official Foskor forms; only attach additional information on company letterhead if space is insufficient.
Submit all mandatory returnable documents listed in the RFX. Failure to submit mandatory documents results in disqualification.
Key returnables include: Completed pricing schedule, SBD1 Form, RFQ Declaration and Breach of Law Form, Bidder’s Disclosure (SBD4), Protection of Personal Information form, Tax Clearance Certificate/PIN, and CSD Number.
Prices must be in South African Rand (ZAR). Prices quoted subject to confirmation will not be considered.
All alterations to bid prices must be done by deleting incorrect figures/words, inserting correct ones, and initialling the changes.
If you are a foreign bidder, provide details for exchange and remittance, including South African Reserve Bank approval for foreign currency payments.
Foskor does not bind itself to accept the lowest or any bid and may accept a bid in whole or in part.
After the closing date, only communicate with the General Manager Procurement. Unauthorised communication may lead to disqualification.
Evaluation Criteria
Source: RFQ 4586.zip (RFQ)
General
Bidders must be legally registered entities (companies, close corporations, partnerships, or individuals).
Bidders must comply with South African tax obligations and provide a Tax Clearance Certificate or PIN.
Bidders must be registered on the Central Supplier Database (CSD) or provide a CSD number.
Bidders must submit a valid B-BBEE Certificate or Sworn Affidavit (non-compliance results in zero points for B-BBEE).
Foreign bidders must disclose their residency status, branch/permanent establishment in South Africa, and tax liability in South Africa.
Technical
Bidders must have relevant experience in valuing industrial plant and machinery, particularly fertilizer, chemical, or bulk materials handling plants.
Bidders must provide a detailed valuation methodology covering Market Comparable, DRC, FSV, and Scrap Value.
Bidders must have professionally registered lead valuers with a minimum of 5 years' experience.
Bidders must demonstrate an understanding of secondary markets for fertilizer blending equipment and disposal strategies.
Ethical
Bidders must sign and comply with Foskor’s Integrity Pact, which prohibits bribery, corruption, collusion, and conflicts of interest.
Bidders must disclose any relationships with Foskor employees, board members, or other bidders that could create a conflict of interest.
Bidders must not have been found guilty of serious breaches of law (e.g., corruption, fraud) in the past 5 years.
Technical Specifications
Source: RFQ 4586.zip (RFQ)
Scope: Provide valuation services for an NPK Blending Plant located in Richards Bay. The plant is not assembled.
Key components include: Conditioning feeding system (150 ton capacity), Screening system (2 x 75 ton), Overs and fines transfer removal, Electrically operated spouting system, Holding system (150 ton) with six major and two minor bins, Weigh hopper system, High intensity mixer (2500kg capacity) with liquid/powder additives, Twin 50kg duplex open mouth baggers (100 ton/hr), Ton bagging machine, Automatic batch controller system, Full automation package.
Services required: Asset verification and inspection, Valuation methodology (Market Comparable, Depreciated Replacement Cost, Forced Sale/Liquidation benchmarks), Market assessment, Deliverables (detailed valuation report with executive summary, asset register, condition assessment, photographic evidence, value conclusions, sensitivity analysis; value breakdown for Fair Market Value, Forced Sale Value, Scrap Value; commercial recommendations; presentation if required).
Compliance: Demonstrate experience in industrial plant & machinery valuation, provide evidence of similar fertilizer/chemical/bulk materials handling plant valuations, maintain professional indemnity insurance.
Safety: Comply with all safety, health, environmental, and security requirements at the asset location.
No advance payment guarantee or performance bond is specified in the extracted scope, but Foskor reserves the right to request security for contract fulfilment.
Compliance Requirements
Source: RFQ 4586.zip (RFQ)
Submit a Tax Clearance Certificate/PIN from SARS. If not registered, provide your CSD number.
Submit your Central Supplier Database (CSD) number.
Submit valid proof of B-BBEE compliance (certificate, sworn affidavit, or CIPC certificate).
Foreign bidders must complete a questionnaire regarding tax residency and establishment in South Africa.
Declare any relationships with Foskor employees or board members using the RFQ Declaration and Breach of Law Form and Bidder’s Disclosure (SBD4).
Comply with the Foskor Supplier Integrity Pact, which includes anti-corruption commitments and gift restrictions.
Ensure all information provided is accurate; incorrect statements may lead to blacklisting.
Section
Source: RFQ 4586.zip
Price (80 points) and B-BBEE (20 points) form the core evaluation.
19 Fredman Dr, Sandown, Sandton, 2031, South Africa
Document-Backed
Recently Synced
Source Snapshot Available
AI Enhanced
Source confidence
High source confidence
Official source
eTenders.gov.za
Documents found
1
Last checked
17 Jul 2026
AI status
Enhanced
Data conflicts
None detected
This tender has strong source evidence, including source metadata and supporting tender information synced from the government tender portal.
Tenders SA is not the issuing authority. All tenders are automatically synced from the official government tender portal. Always confirm final submission details, closing dates, briefing sessions, eligibility requirements, and documents on the official government portal before applying.