This Tender Has Expired

• RFQ issued: 06 February 2026.
• Compulsory briefing (Microsoft Teams): 11 February 2026, 09:00 am (attendance after 09:10 am not counted).
• Closing date & time: 19 February 2026, 12:00 pm.
• Price validity: offers must remain valid for 90 days from the closing date.
• Contract start: immediately after signing.
• Project execution: within 6 weeks of appointment.
• Final results to be presented to the Executive Committee and available for queries until 31 August 2026.

Procurement Officer: Sijabulile Ntshangase – Phone: 031 372 3720 – Email: [email protected]. Technical enquiries: Nothando Mabunda – Email: [email protected]. Submission address: email to [email protected] (no physical address specified).

• Submit the bid by email to [email protected], addressed to Sijabulile Ntshangase, no later than 12:00 pm on 19 February 2026 (late bids will be rejected).
• Use the official bid forms: completed SBD 1, SBD 4 and SBD 6.1, a signed proposal document and a company profile (experience and expertise).
• Attach the required returnables: CVs of key personnel (Annexure A template), BBBEE certificate/affidavit, CSD registration details, tax compliance PIN or certificate, and any preference‑point supporting documents.
• All documents must be signed and dated; letters of reference must be on client letterhead, signed, dated and not older than 5 years.
• Failure to provide any mandatory item (e.g., missing SBD forms, company profile, or registration details) will render the bid non‑responsive.

Stage 1 – Compliance: bid must include signed proposal, SBD 1/4/6.1, CSD registration with tax compliance status and company profile; non‑compliance = disqualification. Stage 2 – Functional Evaluation (100 points total, minimum 70 points required):

• Experience in IFRS 9 ECL model validation (5‑20 points based on years of experience).
• Letters of reference (1‑5 letters, 3‑15 points).
• Proposed methodology & project plan (timeline, deliverables) – points allocated as per Table 1.
• Key personnel CVs and qualifications – up to 30 points (team lead and support members).
• Location of office (KZN office 20 points, outside 10 points).

Stage 3 – Price and Specific Goals: 80 points for relative price competitiveness (fixed price, VAT inclusive) and 20 points for B‑BBEE specific‑goal targets (ownership percentages as listed). Total possible 100 points.

Scope: annual validation and review of the KZNGFA IFRS 9 Expected Credit Loss (ECL) impairment model (seven sub‑projects) including:

• Full model review – verification of formulas, data controls and governance.
• Validation – desk review, risk‑based spot checks, fit‑for‑use assessment.
• Benchmarking against peer institutions.
• Assessment of data inputs, assumptions, staging criteria, SICR factors.
• Examination of model code, mathematics, and execution platform.
• Technical assessment of methodology (PD, LGD, EAD, macro‑economic assumptions, forward‑looking adjustments).

Deliverables: detailed written report (executive summary + working papers) highlighting any IFRS 9 non‑conformities; presentation to Executive Committee.

Contract duration: 36 months; services to start immediately after contract signing; project to be completed within 6 weeks, with final reporting by 31 August 2026.

• Fixed price required, inclusive of VAT and all disbursements (see Annexure B for cost breakdown).
• Price must be valid for 90 days from the closing date.
• No specific performance bond or guarantee is mentioned.
• Payment terms are not detailed in the document.

• Registration on the Central Supplier Database (CSD) with a valid Tax Compliance Status (MAAA).
• Submission of SBD 1, SBD 4 and SBD 6.1 forms.
• Company profile detailing relevant experience.
• BBBEE certificate or affidavit (required for preference points).
• No persons employed by the State (or close associates) may be involved; such bidders will be disqualified.
• All required documents (CVs, letters of reference, CSD number, tax PIN, BBBEE proof) must be attached; missing items render the bid non‑responsive.