{"name":null,"email":"[email protected]","phone":"0272946476","department":"Supply Chain Management","address":null}

Returnable Documents:

• Latest valid Central Supplier Database (CSD) Report,
• Valid Company registration documents., submit all its valid supporting documents (SBD forms, Tax compliance status pin,

Bidders must be independent and free from conflicts of interest. They must have at least 5 years' experience in internal audit services in the public sector (non-SETA) and at least 5 years in the SETA environment. They must be registered on the Central Supplier Database (CSD). They must hold professional body membership (e.g., IIA SA, ISACA, SAICA) for the firm or key individuals. Key personnel must meet specific qualifications (NQF levels) and experience bands. Bidders must not be on the National Treasury Restricted List. For JV/consortium, each party must provide CSD registration and a JV agreement. Bidders must meet the mandatory requirement of professional body registration; failure results in disqualification.

3.1 Background

The Finance and Accounting Services Sector Education and Training Authority (FASSET) was

established on 1 April 2000 in accordance with the provisions of the Skills Development Act,

No. , as amended. FASSET’s mandate is to contribute to the effective operation of

the labour market through skills development, to ensure an adequate supply of competent

labour necessary to compete in the global economy.

Section 51(1)(a)(ii) of the Public Finance Management Act (PFMA) requires the Accounting

Authority of a public entity to ensure that the entity has and maintains a system of internal

audit under the control and direction of an audit committee. Such an audit committee must

comply with and operate in accordance with regulations and instructions prescribed in terms

of sections 76 and 77 of the PFMA.

3.2 Objective

The objective of this bid is to appoint a suitable, independent service provider to provide

internal audit services to FASSET for a period commencing on 1 September 2026 or the

contract commencement date, whichever occurs first, and ending on 31 March 2030, in line

with the current SETA licence period.

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Bid number: fas/ng/arc/internal audit SERVICES/CON3599/26

3.3 Role and objective of internal audit

The Internal Audit function assists FASSET in achieving its objectives by providing a

systematic, disciplined, and risk-based approach to evaluating and improving the

effectiveness of governance, risk management, and internal control processes.

Internal Audit supports the Audit and Risk Committee (ARC), the Accounting Authority, and

management in the effective discharge of their oversight and management responsibilities.

This is achieved through the provision of independent analysis, evaluations,

recommendations, advice, and relevant information arising from internal audit engagements,

including appropriate follow-up on agreed actions.

In addition to the above, the objectives of the Internal Audit function include, but are not limited

to, providing objective and independent assurance to the Accounting Authority and

management regarding:

• the reliability and integrity of financial and operational information;

• the effectiveness and efficiency of operations;

• the economical and effective use of resources;

• the safeguarding of organisational assets;

• the achievement of strategic and operational objectives;

• compliance with applicable legislation, regulations, internal policies,

and procedures; and

• the adequacy and effectiveness of the information systems, logical

security, and technology control environment.

4. Organisational status of internal audit

The Internal Audit function will report functionally to the Audit and Risk Committee of FASSET

and administratively to the Chief Executive Officer (CEO). The Internal Audit function shall

operate under the oversight and direction of the Audit and Risk Committee. The ARC shall be

responsible for approving the Internal Audit Charter, the risk based internal audit plan, any

significant changes to the approved plan, and for overseeing the independence, quality, and

performance of the Internal Audit service provider.

5. Scope of internal audit services

The internal audit function must, in consultation with management and the Audit and Risk

Committee (ARC), be responsible for performing the following:

a) The appointed Internal Audit Service Provider (“Internal Audit”) shall provide

independent and objective assurance and, where approved, advisory and/or

consulting services, designed to enhance and protect organisational value by

evaluating and improving the effectiveness of governance, risk management,

compliance and internal control processes at FASSET.

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b) Internal Audit shall perform its duties in accordance with the Global Internal Audit

Standards (2024/2025) issued by the Institute of Internal Auditors (IIA), the approved

Internal Audit Charter, and applicable legislative and regulatory requirements,

including the Public Finance Management Act (PFMA).

c) Internal Audit shall maintain independence from operational responsibilities and shall

have full, free, and unrestricted access to all information, systems, records, and

personnel necessary to fulfil its mandate.

5.1 Mandatory (Core) Internal Audit Services

5.1.1 Risk-based planning

• Prepare a rolling three-year risk-based strategic internal audit plan aligned to

FASSET’s strategic and performance objectives, key risks, and risk management

strategy.

• Develop a detailed annual internal audit plan indicating scope, estimated costs, and

timelines for each engagement, for review and approval by the Audit and Risk

Committee (ARC).

5.1.2 Execution of internal audit engagements (assurance)

• Perform internal audit engagements in accordance with approved plans and

professional standards, providing independent assurance over governance, risk

management, and controls.

• Coverage shall include financial and operational reporting reliability, compliance,

safeguarding of assets, operational performance, and achievement of organisational

objectives.

5.1.3 Information systems and IT assurance

• Perform audits of information systems and technology risks, including IT governance,

application, and IT general controls, including the cyber environment.

5.1.4 Communication and reporting

• Communicate audit objectives, scope, timelines, and information requirements at the

start of engagements.

• Report findings to management, obtain management responses, and submit final

reports to the ARC, escalating significant matters promptly.

5.1.5 Follow-up on audit actions

• Perform follow-up procedures on agreed management actions and report progress and

overdue actions to the ARC.

• Provide independent assurance on the adequacy of management processes for

closing external audit findings.

5.1.6 Audit and Risk Committee support

• Attend ARC meetings as required and provide updates on audits completed, in

progress, and progress against the approved plan.

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• Provide an annual overall conclusion/opinion on the audited control environment

supported by audit work performed.

5.1.7 Combined assurance coordination

• Coordinate internal audit activities with external auditors and other assurance

providers to optimise assurance coverage and minimise duplication.

5.1.8 Ethics, independence, and quality

• Perform all work with integrity, objectivity, due professional care, and confidentiality.

• Maintain a Quality Assurance and Improvement Programme (QAIP) and support

internal and external quality assessments.

5.2 Value-added Services (Subject to Approval)

The following services may be performed subject to ARC approval and appropriate

safeguards to maintain independence:

• Advisory or consulting engagements related to governance, risk management,

controls, or major change initiatives.

• Special reviews or ad hoc assignments requested by the CEO, ARC, or Board. These

reviews must be approved by ARC.

• Use of data analytics and technology-enabled audit techniques (CAATs).

• Support for the maturity of the Combined Assurance Model, including assurance

mapping.

• Capacity to provide advisory services on emerging risks, including AI, Microsoft

Copilot and on ICT governance.

5.3 Exclusions

Internal Audit shall not perform operational or management functions, design or implement

controls, make management decisions, or assume responsibility for risk ownership

6. Fraud and irregularities

In planning and conducting its work, the Internal Audit function shall seek to identify

significant weaknesses in internal controls that may result in fraud, irregularities, or other

forms of malpractice. Any such weaknesses, as well as any instances of suspected or

detected fraud and irregularities, must be reported immediately to the Chief Executive

Officer (CEO) and/or the Audit and Risk Committee (ARC). Such matters shall not be

disclosed to any other employees except where required to support further investigation

or corrective action, and only in accordance with approved protocols.

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7. Description and extent of work

7.1. Conducting of audit assignments

Audit assignments shall be performed in accordance with the Global Internal Audit

Standards issued by the Institute of Internal Auditors, the King V on Corporate

Governance, as applicable. The execution of each audit assignment shall be aligned to,

and conducted in accordance with, the approved Annual Internal Audit Plan.

Upon completion of each assignment, all audit documentation, including working papers

and supporting records, shall be retained and made available to FASSET as required,

including after the expiry or termination of the contract.

7.2. Quality Assurance Reviews (QAR) of the work

The service provider should maintain a Quality Assurance and Improvement Programme

(QAIP) that covers all aspects of the internal audit activity, in accordance with the Global

Internal Audit Standards.

The Internal Audit function shall be subject to an External Quality Assurance Review

(QAR) at least once every five years, performed by a qualified, independent assessor or

assessment team, as required by the Global Internal Audit Standards and under the

oversight of the Audit and Risk Committee.

7.3. Independence and objectivity of audit staff

In carrying out the required work, the Internal Audit service provider shall ensure that its

personnel always maintain independence and objectivity by remaining independent of the

activities and processes they audit.

7.4. Competence requirements of Internal Audit Function

The service provider shall meet the following competency and capability requirements:

• Be independent of FASSET and free from any actual or perceived conflicts of interest

that may impair objectivity.

• Possess the necessary skills, knowledge, capacity, and resources to fulfil the

requirements of these Terms of Reference, including access to specialised skills such

as forensic auditing, information systems auditing, and data analytics, where required.

• Demonstrate competence and conformance with the Global Internal Audit Standards

(previously the International Standards for the Professional Practice of Internal

Auditing) issued by the Institute of Internal Auditors.

• Maintain appropriate quality governance arrangements, including internal quality

controls, to ensure compliance with professional standards and continuous

improvement of audit quality.

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• Ensure that the Lead Engagement Partner (or Chief Audit Executive assigned to the

engagement) holds an appropriate professional qualification relevant to the provision

of internal audit services. Such qualifications may include, but are not limited to:

o Certified Internal Auditor (CIA) IIA SA

o Chartered Accountant SA CA(SA)

o Certified Information Systems Auditor (CISA)

o Certified Fraud Examiner (CFE); or

o Another recognised professional qualification relevant to internal auditing,

governance, risk management, compliance, forensic auditing, or information

systems auditing.

o Ensure that audit team members collectively possess the necessary qualifications,

certifications, skills, and experience to perform the approved internal audit plan and

any approved ad hoc services, including specialised areas such as information

systems auditing, forensic auditing, business continuity management, risk

management, and data analytics.

• Be well-versed in recognised best practices applicable to the internal audit profession

and the public sector.

• Demonstrate a sound understanding of auditing within the SETA environment,

including the broader education, skills development, and socio-economic context.

• Have a minimum of five (5) years’ experience in providing internal audit services within

the public sector, including Schedule 3A public entities, constitutional institutions, and

government departments. (other than SETA).

• Have a minimum of five (5) years’ experience in providing internal audit services within

the SETA environment

8. Duration of the contract

The contract shall be for a period commencing on 1 September 2026 or the contract

commencement date, whichever occurs first. During the duration of the contract, the

performance of the service provider should be monitored and formally reviewed

against the agreed Service Level Agreement (SLA) deliverables.

Should the service provider’s performance be assessed as unsatisfactory, FASSET

shall be entitled to terminate the contract by providing a written notice and period to be

outlined in SLA.

9. Evaluation process

9.1 Compliance with minimum requirements

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• Prospective bidders are required to provide proof of registration with the Central

Supplier Database by submitting the CSD report not older than three (3) months. In

case of a Joint Venture, each party must provide proof of registration with CSD.

• Completed and signed Standard Bidding Documents attached to the bid.

• In case of a Joint Venture, a written agreement between the parties must clearly set

out the roles and responsibilities of each member and include a resolution of each

company of the Joint Venture together with a resolution by its members authorizing

a member of the Joint Venture to sign the documents on behalf of the Joint Ventur

9.2 Mandatory requirements

• The bidder must submit proof of registration, membership, and/or accreditation with

a recognised professional body relevant to internal auditing, such as the Institute of

Internal Auditors South Africa (IIA SA), ISACA, South African Institute of Chartered

Accountants, or an equivalent recognised professional body. Where the

professional body registers individuals rather than firms, proof of membership for

the proposed engagement partner or Chief Audit Executive (CAE) may be

submitted. Failure to submit the required proof will result in the bid being disqualified

and not evaluated further.

9.3 Functionality Evaluation

The evaluation criteria and weights for functionality as indicated in the table below, will apply.

The minimum threshold score of 70 points out 100 must be achieved to qualify for further

evaluation on preference points system (80/20).

Criteria for Functionality

1 Overall Experience 40

1.1 Company Experience in the Internal Auditing Services in 15

the public sector (other than a SETA)

1.1 The bidding service provider must demonstrate a minimum of five (5) years’ company

experience in providing internal audit services within the public sector, including Schedule 3A

public entities, constitutional institutions, and government departments. Company experience

must be substantiated in the company profile.

Scoring Criteria Points

5 Bidders with more than fifteen (15) years’ experience in providing

internal audit services in the public sector

Bidders with more than twelve (12) and up to fifteen (15) years’ 4

experience in providing internal audit services in the public sector

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Criteria for Functionality

Bidders with more than ten (10) and up to twelve (12) years’ 3

experience in providing internal audit services in the public sector

Bidders with more than eight (8) and up to ten (10) years’ experience 2

in providing internal audit services in the public sector

Bidders with five (5) years and up to 8 years’ experience in providing 1

internal audit services in the public sector

Failure to substantiate or submit relevant documents/information to 0

obtain points.

Criteria for Functionality

1.2 Reference Letters in the Internal Auditing Services in the 5

public sector (other than a SETA)

The reference letters in the quantities specified in the scoring criteria table below, corresponding to

the bidder’s years of experience. All reference letters must be on the letterhead of the relevant Public

Sector. Contactable reference person and detail the provider’s experience in auditing. All reference

letters will be subject to verification through email and/or telephonic confirmation.

Bidders must submit reference letters for internal audit services rendered to public sector institutions

(other than a SETA). To be counted, each reference letter must meet ALL the following requirements:

(a) Be on the official letterhead of the public sector institution concerned;

(b) Relate to a completed internal audit contract, completed within the last ten (10) years;

(c) Describe the nature of the internal audit services rendered and state the contract period;

(d) Provide the name, designation, telephone number, and email address of a contactable reference

person; and

(e) Be from a different public sector institution to any other letter counted under these criteria (a

maximum of one letter per institution will be counted).

Scoring Criteria Points

Five (5) or more reference letters for completed contracts 5

with contactable references.

Four (4) reference letters for completed contracts with 4

contactable references.

Three (3) reference letters for completed contracts with 3

contactable references.

Two (2) reference letters for completed contracts with 2

contactable references.

One (1) reference letter for completed contracts with 1

contactable references.

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Failure to substantiate or submit relevant 0

documents/information to obtain points.

Criteria for Functionality

1.3 Company Experience in the SETA Environment 15

The bidding service provider must demonstrate a minimum of five (5) years’ company experience in

providing internal audit services within the SETA.

Scoring Criteria Points

Bidders with more than fifteen (15) years’ experience in providing 5

internal audit services in the SETA environment.

Bidders with more than twelve (12) and up to fifteen (15) years’ 4

experience in providing internal audit services in the SETA

environment.

Bidders with more than ten (10) and up to twelve (12) years’ 3

experience in providing internal audit services in the SETA

environment.

Bidders with more than eight (8) and up to ten (10) years’ experience 2

in providing internal audit services in the SETA environment.

Bidders with five (5) years and up to 8 years’ experience in providing 1

internal audit services in the SETA environment

Failure to substantiate or submit relevant documents/information to 0

obtain points.

Criteria for Functionality

1.4 Reference Letters in the Internal Auditing Services in the 5

SETA environment

The reference letters in the quantities specified in the scoring criteria table below, corresponding to

the bidder’s years of experience. All reference letters must be on the letterhead of the relevant SETA.

Contactable reference person and detail the provider’s experience in auditing. All reference letters

will be subject to verification through email and/or telephonic confirmation.

Bidders must submit reference letters for internal audit services rendered to SETAs. To be counted, each

reference letter must meet ALL the following requirements:

(f) Be on the official letterhead of the SETA concerned;

(g) Relate to a completed internal audit contract, completed within the last ten (10) years;

(h) Describe the nature of the internal audit services rendered and state the contract period;

(i) Provide the name, designation, telephone number, and email address of a contactable reference

person; and

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Criteria for Functionality

(j) Be from a different SETA

Scoring Criteria Points

Five (5) or more reference letters for completed contracts 5

with contactable references.

Four (4) reference letters for completed contracts with 4

contactable references.

Three (3) reference letters for completed contracts with 3

contactable references.

Two (2) reference letters for completed contracts with 2

contactable references.

One (1) reference letter for completed contracts with 1

contactable references.

Failure to substantiate or submit relevant 0

documents/information to obtain points.

Criteria for Functionality

2 Project Plan and Methodology 10

2.1 The bidder must submit a tentative comprehensive project plan and audit methodology that clearly

explains how the internal audit services will be delivered. The submission must include:

1. A clear internal audit methodology, including risk-based internal audits and, where applicable,

IT audits, performance audits, and internal financial controls;

2. A project plan outlining key activities, milestones, timelines, and expected deliverables;
3. Quality assurance arrangements to ensure audit work complies with professional standards;
4. Clear reporting arrangements, including reporting lines and formats; and
5. A mechanism to monitor and report progress against the audit plan.

Note: For evaluation purposes, bidders are required to submit a tentative project plan & audit

methodology demonstrating how they intend to conduct the internal audit engagements, including the

proposed audit approach, reporting process, timelines, and key milestones.

Scoring Criteria Points

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Criteria for Functionality

5 Bidders who submit a tentative comprehensive project plan and

audit methodology that clearly outlines activities, timelines,

milestones, reporting arrangements, and progress monitoring, and

addresses all five (5) stated requirements.

4 Bidders who submit a tentative comprehensive project plan and

audit methodology with a clear and logical flow of activities and

timelines but address only four (4) of the five (5) stated

requirements.

3 Bidders who submit a tentative comprehensive project plan and

audit methodology with a clear and logical flow of activities and

timelines but address only three (3) of the five (5) stated

requirements.

2 Bidders who submit a tentative comprehensive project plan and

audit methodology outlining the work to be performed and timelines

but address only two (2) of the five (5) stated requirements.

1 Bidder who addresses only one (1) of the five stated requirements.

Bidder who has addressed none of the above requirements, or who

fail to submit a project plan and audit methodology.

3 Resources and allocation 40

3.1 Resource Plan, Capacity and Financial Sustainability 10

The bidder must submit a resource plan and demonstrate that it has the appropriate capacity,

capability, tools, and financial sustainability to design and deliver risk-based internal audit services for

FASSET. The submission must include the following:

1. Resource Plan and Team Structure

A clear organogram reflecting the proposed project team;

Defined roles and responsibilities of each team member;

An appropriate mix of skills (e.g., governance, financial, compliance, IT audit);

The ability to deploy additional staff based on audit requirements and emerging risks.

2. Approach to Resourcing

How resources will be allocated to develop the internal audit plan and execute audits;

Demonstration of capacity to cover FASSET’s operational, ICT, and compliance risk areas

3. Tools, Methodologies, and Systems

Use of recognised internal audit methodologies aligned to IIA standards;

Availability of audit tools and systems to support planning, execution, and reporting.

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Criteria for Functionality

4. Financial Sustainability

Audited or independently reviewed financial statements for the past three (3) years confirming that the

entity is a going concern.

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5 Points 3 Points 2 Points 1 Point 0 Point

Bidder Bidder Bidder addressed Bidder addressed Bidder

addressed All of addressed three of out two out of four sub- only one of out of failed to

the four sub- of four sub-sections sections resources four sub-sections substant

sections resources resources and and allocation resources and iate or

and allocation. allocation. allocation. submit

relevant

docume

nts for 1.Complete 1.Partial Resource 1.Fair or Unclear 1. Poor or No

the Resource Plan Plan and Team Resource Plan Resource Plan and

required and Team Structure and Team Team Structure

subsecti Structure Structure

ons

• Partial organogram
• Fair or Unclear
• Poor or No
• A clear reflecting the organogram organogram

organogram proposed project reflecting the reflecting the

reflecting the team; proposed proposed project

proposed project team; team;

• Partial defined project team;

roles and

• Fair or Unclear
• Poor or no
• Defined roles responsibilities of defined roles defined roles and

and each team and responsibilities of

responsibilities member; responsibilities each team

of each team of each team member;

• Partial mix of skills member; member;

(e.g., governance,

• Poor or No mix of
• An appropriate financial,
• Fair or Unclear skills (e.g.,

mix of skills compliance, IT mix of skills governance,

(e.g., audit); (e.g., financial,

governance, governance, compliance, IT

• Partial capability to financial, financial, audit);

deploy additional compliance, IT compliance, IT

staff based on audit

• Poor or No audit); audit);

requirements and capability to

• The ability to emerging risks.
• Fair or Unclear deploy additional

deploy capability to staff based on

additional staff deploy audit

based on audit additional staff requirements and

requirements based on audit emerging risks.

and emerging requirements

risks. and emerging

risks.

2. Complete 2. Partial Approach to 2. Fair or Unclear 2. Poor or No

Approach to Resourcing Approach to Approach to

Resourcing Resourcing Resourcing

• How resources will
• How resources be allocated to
• How resources
• How resources

will be allocated develop the internal will be allocated will be allocated to

to develop the audit plan and to develop the develop the

internal audit execute audits; internal audit internal audit plan

plan and plan and and execute

• Partial execute audits; execute audits; audits; demonstration of
• Demonstration capacity to cover
• Fair or Unclear
• Poor or No

of capacity to FASSET’s demonstration demonstration of

cover operational, ICT, of capacity to capacity to cover

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5 Points 3 Points 2 Points 1 Point 0 Point

FASSET’s and compliance cover FASSET’s

operational, risk areas FASSET’s operational, ICT,

ICT, and operational, and compliance

compliance risk ICT, and risk areas

areas compliance risk

areas

3. Complete Tools, 3. Partial Tools, 3. Fair or Unclear 3. Poor or No Tools,

Methodologies, Methodologies, and Tools, Methodologies, and

and Systems Systems Methodologies, Systems

and Systems

• Use of
• Partial use of
• Poor or No use of

recognised recognised internal

• Fair or Unclear recognised

internal audit audit use of internal audit

methodologies methodologies recognised methodologies

aligned to IIA aligned to IIA internal audit aligned to IIA

standards; standards; methodologies standards;

aligned to IIA

• Availability of
• Partial availability of standards;
• Poor or No

audit tools and audit tools and availability of

systems to systems to support

• Fair or Unclear audit tools and

support planning, availability of systems to

planning, execution, and audit tools and support planning,

execution, and reporting. systems to execution, and

reporting. support reporting.

planning,

execution, and

reporting.

4. Complete 4.Partial Financial 4. Fair or Unclear 4. Poor or No

Financial Sustainability Financial Financial

Sustainability Sustainability Sustainability

• Partial Audited or
• Audited or independently
• Fair or Unclear
• Poor or No

independently reviewed financial Audited or Audited or

reviewed statements for the independently independently

financial past three (3) years reviewed reviewed financial

statements for confirming that the financial statements for the

the past three entity is a going statements for past three (3)

(3) years concern. the past three years confirming

confirming that (3) years that the entity is a

the entity is a confirming that going concern.

going concern. the entity is a

going concern.

Note: criteria 3.1 assesses the proposed team structure, resourcing approach, tools, and financial

standing of the firm; criteria 3.2 assesses the qualifications and experience of the individuals proposed

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3.2 Expertise and Capability of Staff to be used 30

The bidder must demonstrate the expertise and experience of the proposed project team, clearly reflecting their

capability to deliver the required internal audit services. Curricula vitae (CVs) of key personnel must be submitted,

together with certified copies of relevant qualifications and proof of registration with recognised professional

bodies, where applicable.

Scoring Instructions

1. Score each of the six positions in the table below out of a maximum of 5 points.

2. For each position, verify the minimum requirements listed in the left-hand column against the documents

submitted (certified qualification, proof of professional registration where applicable, and detailed CV). If any

minimum requirement is not met or no evidence, the position scores 0 points.

3. If all minimum requirements are met, award points according to the years of relevant experience, using the

bands in the table. Years of experience are verified from the CV and other supporting documents.

For the Internal Auditor position, where more than one internal auditor is proposed, the score is based on the

years of experience of the least experienced proposed auditor. E.g.: if three auditors are proposed with 6, 4 and

2 years' experience respectively, the score is determined by the auditor with 2 years, in this case, 2 points

Position and minimum requirements 5 points 3 points 2 points 1 point 0 points

1. Engagement Partner / Director

Minimum requirements (all must be verified):

Less than 5• Relevant qualification at minimum NQF Level 8

years, OR

(certified copy submitted) 12 to 5 to

9 to less any minimum

• Membership of a recognised professional body 15 years less less

than 12 requirement

(e.g., IIA SA, SAICA, SAIPA) with proof of or more than 15 than 9

years not met / met

registration years years

/ any

• Experience in internal audit or related assurance

evidence

services within the public sector, including SETA

• Detailed CV submitted

2. Senior Audit Manager

Minimum requirements (all must be verified): Less than 4

• Relevant qualification at minimum NQF Level 8 years, OR

4 to

(certified copy submitted) 10 to less 7 to less any minimum

12 years or less

• Membership of a recognised professional body than 12 than 10 requirement

more than 7

with proof of registration years years not met / met

years

• Experience in internal audit or related assurance / any

services within the public sector, including SETA evidence

• Detailed CV submitted

3. Internal Audit Manager 3 to Less than 3

8 to less 5 to less Minimum requirements (all must be verified): 10 years or less years, OR

than 10 than 8

• Relevant qualification at minimum NQF Level 7 more than 5 any minimum years years

(certified copy submitted) years requirement

not met / met

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3.2 Expertise and Capability of Staff to be used 30

• Membership of a recognised professional body / any

with proof of registration evidence

• Experience in internal audit or related assurance

services within the public sector

• Detailed CV submitted

4. IT Specialist Less than 2

Minimum requirements (all must be verified): years, OR 2 to

6 to less 4 to less any minimum• Relevant professional accreditation (e.g. CISA or 8 years or less

than 8 than 6 requirement equivalent) with proof of registration / certification more than 4

years years not met / met

• Experience in IT audit or related assurance years

/ any services

evidence

Detailed CV submitted

5. Senior Internal Auditor

Minimum requirements (all must be verified): Less than 1

• Relevant qualification (minimum NQF Level 6/7 or 1 to year, OR any

4 to less 2 to less IAT (Internal Audit Technician) /PIA (Professional 6 years or less minimum

than 6 than 4 Internal Auditor) designation) with certified copy more than 2 requirement

years years submitted years not met / not

• Experience in internal audit or related assurance evidenced

services

Detailed CV submitted

6. Internal Auditor assessed on ALL proposed

All

auditors Any auditor

All All auditors

• Relevant qualification at minimum NQF Level 6 has less than All auditors auditors auditors have at

for ALL proposed internal auditors (certified 1 year, OR have 4 have 3 have 2 least 1

copies submitted) any minimum years or and less and less year or

requirement• Experience in internal audit or related assurance more than 4 than 3 less

not met / not services years years than 2

evidenced

Detailed CVs submitted for ALL proposed internal years

auditors

Criteria for Functionality

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Bid number: fas/ng/arc/internal audit SERVICES/CON3599/26

4. Quality Assurance and Improvement Programme (QAIP) 10

The bidder must demonstrate the existence and application of a 5

Quality Assurance and Improvement Programme (QAIP) to ensure

that internal audit services are delivered in accordance with

professional standards and continuously improved.

Bidders who clearly demonstrate:

• A documented Quality Assurance and Improvement

Programme (QAIP) aligned to the Global Internal Audit

Standards;

• Internal quality review processes covering audit planning,

execution, reporting, and follow-up;

• Regular monitoring of audit quality and corrective actions;

and

• Readiness for, or experience with, external quality assurance

reviews.

Bidders who demonstrate: 3

• Partial quality assurance arrangements or informal quality

review processes; and

• Limited evidence of structured quality monitoring or

continuous improvement.

Bidders who demonstrate: 1

Minimal or ad hoc quality controls with no formal QAIP framework

Bidders who: 0

• Failure to substantiate or submit relevant documents/information

to obtain points

9.4 Pricing and Preferential point system (80/20)

P a g e | 19

Bid number: fas/ng/arc/internal audit SERVICES/CON3599/26

• Bidders who obtained a minimum score of 70% on functionality will be evaluated further

on Price and specific goals. Evaluation will be conducted either by 80/20 preferential

procurement principles.

• 80 Points will be allocated to price, and 20 Points will be allocated to specific goals in

terms of the Preferential Procurement Policy Framework Act Regulations of 2022 and

FASSET SCM Policy as follows:

Specific Goals Points Allocation for 80/20

1. Black People Ownership

• 100% Black People Ownership = 5 points

• 51% Black People Ownership = 3 points

• Less than 51% Black People Ownership = 0

points

2. Black Woman Ownership

• 100 - 50% Black Woman Ownership = 5

points

• 49% and less Black Woman Ownership = 0

points

3. Black Youth Ownership

• 100 - 50% Black Youth Ownership = 5

points

• 49% and less Black Youth Ownership = 0

points

4. People with Disability

• 1 or more disabled person/s = 5 points

Ownership

• No person/s with disability = 0 points

Maximum total points allocation 20 points

P a g e | 20

10. Section two

10.1 Terms of Engagement

10.1.1 The successful bidder shall not take more than one (1) month from date of the Bid

being contracted to render the required service unless otherwise indicated and

agreed between the successful Bidder and FASSET.

10.1.2 The successful Bidder shall manage as confidential all data, information and

insights gained in execution of work for the FASSET

10.1.3 FASSET retains the right to require the successful Bidder to obtain permission in

writing from FASSET prior to replacement of individuals/resources proposed for

execution of this Bid.

10.1.4 All documentation and responses will be supplied and exchanged utilising standard

Microsoft Office (Word, Excel, and PowerPoint) products.

10.1.5 The successful bidder will be required to submit reports and/or conduct

presentations to FASSET for the Accounting Authority consideration when required.

10.1.6 Any attempt to gain information in a manner deemed to be fraudulent or

disadvantageous to other respondents or any attempt to influence the outcome of

the response evaluation/adjudication will result in immediate disqualification from

the bid process and requisite SCM prescripts will be followed in this regard.

10.1.7 FASSET reserves the right NOT to appoint/award this bid and or sign a lease

agreement.

21 | P a g e

11. Conditions of the tender

11.1 Proposals shall include all relevant information about the Bidder, which is deemed

appropriate to assist FASSET to assess the bidder’s capabilities, capacity, outputs,

value adding abilities, competitive advantage, etc.

11.2 The proposals presented should describe the methodology to be used in

executing the required services. Bidders should also indicate value added

services expected to be provided to FASSET if any.

11.3 The proposals presented are to be as comprehensive as possible and

FASSET reserves the right to request the Bidder to provide more clarity.

11.4 Bidders shall adhere to the conditions stipulated in the General Conditions of

Contract (GCC) as prescribed by the National Treasury and any Special

Conditions of Contract/Service Level Agreement which may be signed upon

appointment.

11.5 Bidders shall ensure that the complete bid document is submitted with all

additional required information and any other documents that the bidder

wishes to supply to substantiate or clarify specific aspects in the proposal.

11.6 The person completing the bid documents and submitting the proposal, must

have the requisite authority or approval.

12. Price and Pricing Structure

12.1 Bidders must provide the basis on which the services will be charged.

12.2 The Bidder shall reflect service discounts that they will offer throughout the contract

duration and must be indicated on the pricing schedule (Annexure A: Financial

Proposal)

12.3 Bidders’ submissions must reflect the detailed breakdown of the bid amount as per

the pricing schedule (Annexure A: Financial Proposal)

22 | P a g e

12.4 Prices must include all applicable taxes and all other costs related to the execution

of the required services.

12.5 The bidder agrees not to change the price with VAT or any other Tax after submitting

the tender. This includes subsequent VAT registration.

12.6 Arithmetic errors:

a. Discrepancy in Words and Figures: The amount written in words always takes

precedence over the numbers

b. Line Item vs. Rate: If multiplying a unit rate by a quantity yields a different total

than listed, the line-item total governs, and the unit rate is corrected mathematically

c. Notification and Confirmation: FASSET will notify the bidder of the errors and

offer them a chance to confirm the corrected amount or withdraw their tender.

12.7 Bid amount must be charged in South African currency (Rand)

13. Compliance with General Conditions of Contract

No alteration, variation, or amendment of the Contract (of which this Bid represents

the offer) shall be permitted unless otherwise agreed to in writing. Should the

prospective provider, in the case of non-compliance, wish to make any amendments

to the conditions stipulated by FASSET in this Bid, then such proposed amendments

shall be clearly stipulated by the prospective Bidder and where possible stating the

increase or decrease in the cost involved by such proposal. FASSET reserves the

right to reject such submissions. Misrepresentation of facts will result in

disqualification and cancellation of the Contract.

14. Acceptance of Submissions

No submission shall be deemed to have been accepted, unless and until a formal

award/appointment letter has been duly commissioned and executed. Submissions

shall remain open for acceptance by FASSET for a period of 120 (one-hundred and

twenty) days from the date on which they are returnable in terms of this Bid. In the

event of a bid extension, Bidders will be notified of the extension a few days before

the 120-day deadline, informing them that the period will be extended by an

additional 30 days.

23 | P a g e

15. FASSET Liability

FASSET does not bind itself to accept the lowest or any Bid proposal, nor shall it be

responsible for or pay any expenses or losses that may be incurred by the

prospective Bidders in the preparation and delivery of its submission.

16. Bid Amount

No change in the bid amount submitted shall be considered after the Bid submission.

17. Amplification of Submissions

FASSET may, after the opening of submissions, call on the prospective Bidder to

amplify in writing any matter which is not clear in the prospective Bidder’s

submission and such amplification shall form part of the original submission. In the

event of the prospective Bidder failing to supply such information within a stipulated

time, the submission will be liable to rejection.

18. Cost of Proposal

Bidders shall bear all costs associated with the preparation and submission

of their proposals, FASSET will in no case be responsible or liable for those

costs, regardless of the conduct or outcome of the Bid.

19. Bid Documents

This document in its entirety serves as the complete bid document. Proposals

offering only part of the requirements will be rejected. The Bidder is expected to

examine all corresponding instructions, forms, terms, and specifications contained

in this document. Failure to comply with these documents will be at the Bidder’s risk

and may affect the evaluation of their proposal.

20. Documents Comprising the Proposal

In preparing the technical and price components of the submissions all

references to descriptive material and brochures should be included in the

appropriate response paragraph, although material documents themselves

may be provided as annexes to the proposal / response. Bidders are

requested to focus on the provision of relevant information and to limit the

24 | P a g e

amount of marketing and “boilerplate” material. The successful Bidder’s

proposal may be incorporated in whole or in part in the final contract. Any

information that the Bidder considers proprietary should be marked as such.

21. Information

Information that the Bidder considers proprietary, if any, should be clearly

marked “proprietary” next to the relevant part of the text and it will be treated

as such accordingly,

22. Period of Validity

Proposals shall remain valid for ninety (120) days after the date of proposal

submission. A proposal valid for a shorter period may be rejected by FASSET

on the grounds that it is non-responsive. In exceptional circumstances,

FASSET may solicit the Bidder’s consent to an extension of the period of

validity. The request and the responses thereto shall be made in writing.

23. Format and Signing of Proposals

Bidders are requested to make two (2) envelope submissions in hard copies.

One (1) marked “Functionality Proposal” and

One (1) marked “Financial Proposal”. The proposals shall be signed by the

Bidder, or a person or persons duly authorised to bind the Bidder to the

contract.

24. Interlineations

A proposal shall contain no interlineations, erasures, or overwriting except,

as necessary to correct errors made by the Bidder, in which case such

corrections shall be initiated by the person or persons signing the proposal.

25. Performance Based Agreement

This is a performance-based agreement that shall run from awarding the

tender to the successful bidder till the completion of the tender.

25 | P a g e

26. Payment

The successful service provider shall be paid in line with the accepted and

approved Financial Proposal (part of the SLA) and satisfactory work detailed

in the scope and submission of supporting documents.

27. Due Diligence

FASSET reserves the right to exercise due diligence to submitted tenders.

28. Compliance to Legislations

The successful bidder shall comply with all relevant legislation that pertains

to contracts of this nature.

29. Summary of Compliance & Elimination Reasons

The table below summarises the reasons for bid elimination which may be

imposed in the pre-compliance checking process. Prior to the bid being

evaluated for functionality the tabulated areas below are assessed, and

where the bid does not meet the criteria, the bid will be eliminated and will

not be submitted to the next phase for the assessment of functionality

Area FASSET Requirement

1 Bidders are requested to submit one (1) Bid will be disqualified

submission marked “Functionality and one

(1) Financial Proposal”

2 Bidder or its directors/shareholders are on Bid will be disqualified if they

the National Treasury "Restricted List" appear on this list

3 Bidder or its directors/shareholders are on Bid will be disqualified if they

the National Treasury "Tender Defaulters appear on this list

List"

4 POPIA Act Consent form completed and FASSET publishes tender

signed and each page initialled. information on public

platforms, consent to share

details (limited) about bidders

is required in line with NT

legislated circulars etc.

26 | P a g e

Area FASSET Requirement

5 SBD 1: Invitation to Bid completed in full, Bid must initial each page and

signed and each page initialled. complete in full (Submit:

Financial Proposal)

6 SBD 3.1: Pricing Schedule – Firm prices Bid must initial each page and

(Purchases) Submit: Financial Proposal

7 SBD 4: Bidders Disclosure completed in full Bid must initial each page and

and signed and each page initialled. complete in full

8 SBD 6.1: Preference Points Claim Form Bid must initial each page and

completed in full and signed and each page complete in full

initialled.

9 SBD 7.2: Contract Form – Rendering of Will be completed by the

Service completed and signed in full and successful bidder Submit:

each page initialled Financial Proposal)

10 Valid BBBEE certificate, or certified copy For a sworn affidavit, please

thereof, issued by a SANAS accredited obtain the correct template

verification agency, or a sworn affidavit for provided by

EMEs and QSEs or an affidavit issued by Dtic @

the CIPC. A trust, Consortium/Joint https://www.thedtic.gov.za/fin

Ventures must submit their consolidated ancial-and-non-financial-

BBBEE Certificate and a joint venture support/b-bbee/b-bbee-codes-

agreement. b-bbee-acts-strategies-

policies/

11 Valid Business Registration Certificates To be attached

issued by CIPC

12 VAT registration certificate (VAT103) or VAT cannot be charged by

number must be submitted (where bidders not registered for VAT

applicable)

27 | P a g e

Sbd 1 - invitation to bid

You are hereby invited to bid for requirements of the fasset

Bid number: fas/ng/arc/internal audit SERVICES/CON3599/26

CLOSING DATE: 04 September 2026

CLOSING TIME: 11:00 am

Description: appointment of a suitable, independent service provider

To provide internal audit services to fasset for a period of three 3)

Years and seven (7) months commencing on 1 september 2026 or the

Contract commencement date, whichever occurs first, and ending on

And ending on 31 march 2030

The successful bidder will be required to fill in and sign a written Contract Form (SBD 7).

Bid documents may be posted to:

........................................................................

Or:

...........................................................................................................................

Deposited in the bid box situated at (street address)

.....................................................................................................................

........................................................................................................................

Bidders should ensure that bids are delivered timeously to the correct submission link.

If the bid is late, it will not be accepted for consideration.

The bid submission link box is open until on the closing date and time.

All bids must be submitted on the official forms –

28 | P a g e

This bid is subject to the preferential procurement policy framework

Act and the preferential procurement regulations, 2022, the general

Conditions of contract (gcc) and, if applicable, any other special

Conditions of contract.

The following particulars must be furnished

(Failure to do so may result in your bid being disqualified)

Name of bidder ..............................................................................

Postal address ..............................................................................

Street address ................................................................................

Telephone number............................................................................

Cellphone number:............................................................................

Facsimile number:...............................................................................

E-mail address ....................................................................................

VAT registration number....................................................................

Has an original and valid tax clearance certificate been submitted?

(Sbd 2)

YES or NO

Has a b-bbee status level verification certificate been submitted? (Sbd

6.1)

YES or NO

If yes, who was the certificate issued by?

An accounting oficer as contemplated in the close corporation act

29 | P a g e

(Cca)............................................

A verification agency accredited by the south african accreditation

System

(Sanas); or...............................

A registered auditor ..........................

[Tick applicable box]

(A b-bbee status level verification certificate must be submitted in

Order to qualify for preference points for b-bbee)

Are you the accredited representative

IN SOUTH AFRICA FOR THE GOODS / SERVICES / WORKS OFFERED? YES or NO

[If yes enclose proof]

Signature of bidder ..................................................................

Date ..................................................................

Capacity under which this bid is signed .................................................

TOTAL BID PRICE...Submit: Financial Proposal ...............TOTAL NUMBER OF ITEMS

OFFERED......... Submit: Financial Proposal ..........

Any enquiries regarding the bidding procedure may be directed to:

Department: Supply Chain Management

Contact Person: Queen Maphoto

E-mail address: [email protected]

30 | P a g e

• Be independent of FASSET and free from any actual or perceived conflicts of interest

that may impair objectivity.

• Possess the necessary skills, knowledge, capacity, and resources to fulfil the

requirements of these Terms of Reference, including access to specialised skills such

as forensic auditing, information systems auditing, and data analytics, where required.

• Demonstrate competence and conformance with the Global Internal Audit Standards

(previously the International Standards for the Professional Practice of Internal

Auditing) issued by the Institute of Internal Auditors.

• Maintain appropriate quality governance arrangements, including internal quality

controls, to ensure compliance with professional standards and continuous

improvement of audit quality.

P a g e | 7

Bid number: fas/ng/arc/internal audit SERVICES/CON3599/26

• Ensure that the Lead Engagement Partner (or Chief Audit Executive assigned to the

engagement) holds an appropriate professional qualification relevant to the provision

of internal audit services. Such qualifications may include, but are not limited to:

o Certified Internal Auditor (CIA) IIA SA

o Chartered Accountant SA CA(SA)

o Certified Information Systems Auditor (CISA)

o Certified Fraud Examiner (CFE); or

o Another recognised professional qualification relevant to internal auditing,

governance, risk management, compliance, forensic auditing, or information

systems auditing.

o Ensure that audit team members collectively possess the necessary qualifications,

certifications, skills, and experience to perform the approved internal audit plan and

any approved ad hoc services, including specialised areas such as information

systems auditing, forensic auditing, business continuity management, risk

management, and data analytics.

• Be well-versed in recognised best practices applicable to the internal audit profession

and the public sector.

• Demonstrate a sound understanding of auditing within the SETA environment,

including the broader education, skills development, and socio-economic context.

• Have a minimum of five (5) years’ experience in providing internal audit services within

the public sector, including Schedule 3A public entities, constitutional institutions, and

government departments. (other than SETA).

• Have a minimum of five (5) years’ experience in providing internal audit services within

the SETA environment

The minimum threshold score of 70 points out 100 must be achieved to qualify for further

evaluation on preference points system (80/20).

Criteria for Functionality

1 Overall Experience 40

1.1 Company Experience in the Internal Auditing Services in 15

the public sector (other than a SETA)

1.1 The bidding service provider must demonstrate a minimum of five (5) years’ company

experience in providing internal audit services within the public sector, including Schedule 3A

public entities, constitutional institutions, and government departments. Company experience

must be substantiated in the company profile.

5 Bidders with more than fifteen (15) years’ experience in providing

internal audit services in the public sector

Bidders with more than twelve (12) and up to fifteen (15) years’ 4

experience in providing internal audit services in the public sector

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Bid number: fas/ng/arc/internal audit SERVICES/CON3599/26

Criteria for Functionality

Bidders with more than ten (10) and up to twelve (12) years’ 3

experience in providing internal audit services in the public sector

Bidders with more than eight (8) and up to ten (10) years’ experience 2

in providing internal audit services in the public sector

Bidders with five (5) years and up to 8 years’ experience in providing 1

internal audit services in the public sector

Failure to substantiate or submit relevant documents/information to 0

obtain points.

Criteria for Functionality

1.2 Reference Letters in the Internal Auditing Services in the 5

public sector (other than a SETA)

the bidder’s years of experience. All reference letters must be on the letterhead of the relevant Public

Sector. Contactable reference person and detail the provider’s experience in auditing. All reference

letters will be subject to verification through email and/or telephonic confirmation.

Five (5) or more reference letters for completed contracts 5

with contactable references.

Four (4) reference letters for completed contracts with 4

contactable references.

Three (3) reference letters for completed contracts with 3

contactable references.

Two (2) reference letters for completed contracts with 2

contactable references.

One (1) reference letter for completed contracts with 1

contactable references.

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Bid number: fas/ng/arc/internal audit SERVICES/CON3599/26

Failure to substantiate or submit relevant 0

documents/information to obtain points.

Criteria for Functionality

1.3 Company Experience in the SETA Environment 15

The bidding service provider must demonstrate a minimum of five (5) years’ company experience in

providing internal audit services within the SETA.

Bidders with more than fifteen (15) years’ experience in providing 5

internal audit services in the SETA environment.

Bidders with more than twelve (12) and up to fifteen (15) years’ 4

experience in providing internal audit services in the SETA

environment.

Bidders with more than ten (10) and up to twelve (12) years’ 3

experience in providing internal audit services in the SETA

environment.

Bidders with more than eight (8) and up to ten (10) years’ experience 2

in providing internal audit services in the SETA environment.

Bidders with five (5) years and up to 8 years’ experience in providing 1

internal audit services in the SETA environment

Failure to substantiate or submit relevant documents/information to 0

obtain points.

Criteria for Functionality

1.4 Reference Letters in the Internal Auditing Services in the 5

the bidder’s years of experience. All reference letters must be on the letterhead of the relevant SETA.

Contactable reference person and detail the provider’s experience in auditing. All reference letters

will be subject to verification through email and/or telephonic confirmation.

capability to deliver the required internal audit services. Curricula vitae (CVs) of key personnel must be submitted,

together with certified copies of relevant qualifications and proof of registration with recognised professional

bodies, where applicable.

bands in the table. Years of experience are verified from the CV and other supporting documents.

years of experience of the least experienced proposed auditor. E.g.: if three auditors are proposed with 6, 4 and

2 years' experience respectively, the score is determined by the auditor with 2 years, in this case, 2 points

Position and minimum requirements 5 points 3 points 2 points 1 point 0 points

Minimum requirements (all must be verified):

Less than 5• Relevant qualification at minimum NQF Level 8

years, OR

(certified copy submitted) 12 to 5 to

9 to less any minimum

• Membership of a recognised professional body 15 years less less

than 12 requirement

(e.g., IIA SA, SAICA, SAIPA) with proof of or more than 15 than 9

years not met / met

registration years years

/ any

• Experience in internal audit or related assurance

evidence

services within the public sector, including SETA

experience

• Detailed CV submitted

Minimum requirements (all must be verified): Less than 4

• Relevant qualification at minimum NQF Level 8 years, OR

4 to

(certified copy submitted) 10 to less 7 to less any minimum

12 years or less

• Membership of a recognised professional body than 12 than 10 requirement

more than 7

with proof of registration years years not met / met

years

• Experience in internal audit or related assurance / any

services within the public sector, including SETA evidence

experience

• Detailed CV submitted

3. Internal Audit Manager 3 to Less than 3

8 to less 5 to less Minimum requirements (all must be verified): 10 years or less years, OR

than 10 than 8

• Relevant qualification at minimum NQF Level 7 more than 5 any minimum years years

(certified copy submitted) years requirement

not met / met

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Bid number: fas/ng/arc/internal audit SERVICES/CON3599/26

3.2 Expertise and Capability of Staff to be used 30

• Membership of a recognised professional body / any

with proof of registration evidence

• Experience in internal audit or related assurance

services within the public sector

• Detailed CV submitted

4. IT Specialist Less than 2

Minimum requirements (all must be verified): years, OR 2 to

6 to less 4 to less any minimum• Relevant professional accreditation (e.g. CISA or 8 years or less

than 8 than 6 requirement equivalent) with proof of registration / certification more than 4

years years not met / met

• Experience in IT audit or related assurance years

/ any services

evidence

Minimum requirements (all must be verified): Less than 1

• Relevant qualification (minimum NQF Level 6/7 or 1 to year, OR any

4 to less 2 to less IAT (Internal Audit Technician) /PIA (Professional 6 years or less minimum

than 6 than 4 Internal Auditor) designation) with certified copy more than 2 requirement

years years submitted years not met / not

• Experience in internal audit or related assurance evidenced

services

• Relevant qualification at minimum NQF Level 6 has less than All auditors auditors auditors have at

for ALL proposed internal auditors (certified 1 year, OR have 4 have 3 have 2 least 1

copies submitted) any minimum years or and less and less year or

requirement• Experience in internal audit or related assurance more than 4 than 3 less

not met / not services years years than 2

evidenced

https://teams.microsoft.com/meet/310272946476636?p=yxd8KG7yqqa8XwqpMz

Meeting ID: 310 272 946 476 636

Passcode: C2tR37zi

Date: 18 August 2026

Time: 11:00 am to 12:00 pm

Bid Closing Date: 04 September 2026

TIME: 11H00 AM (late bids will not be considered)

significant weaknesses in internal controls that may result in fraud, irregularities, or other

forms of malpractice. Any such weaknesses, as well as any instances of suspected or

detected fraud and irregularities, must be reported immediately to the Chief Executive

Officer (CEO) and/or the Audit and Risk Committee (ARC). Such matters shall not be

disclosed to any other employees except where required to support further investigation

or corrective action, and only in accordance with approved protocols.

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Bid number: fas/ng/arc/internal audit SERVICES/CON3599/26

and supporting records, shall be retained and made available to FASSET as required,

including after the expiry or termination of the contract.

7.2. Quality Assurance Reviews (QAR) of the work

(QAIP) that covers all aspects of the internal audit activity, in accordance with the Global

(QAR) at least once every five years, performed by a qualified, independent assessor or

assessment team, as required by the Global Internal Audit Standards and under the

oversight of the Audit and Risk Committee.

7.3. Independence and objectivity of audit staff

IT audits, performance audits, and internal financial controls;

2. A project plan outlining key activities, milestones, timelines, and expected deliverables;
3. Quality assurance arrangements to ensure audit work complies with professional standards;
4. Clear reporting arrangements, including reporting lines and formats; and

auditors

Criteria for Functionality

P a g e | 18

Bid number: fas/ng/arc/internal audit SERVICES/CON3599/26

4. Quality Assurance and Improvement Programme (QAIP) 10

The bidder must demonstrate the existence and application of a 5

Quality Assurance and Improvement Programme (QAIP) to ensure

that internal audit services are delivered in accordance with

professional standards and continuously improved.

• A documented Quality Assurance and Improvement

Programme (QAIP) aligned to the Global Internal Audit

Standards;

• Internal quality review processes covering audit planning,

execution, reporting, and follow-up;

• Regular monitoring of audit quality and corrective actions;

and

• Readiness for, or experience with, external quality assurance

reviews.

Bidders who demonstrate: 3

• Partial quality assurance arrangements or informal quality

review processes; and

• Limited evidence of structured quality monitoring or

continuous improvement.

Bidders who demonstrate: 1

• Envelope 1 (Technical Proposal): Contains the bidder's functional ability,

experience, project methodology, and preferential procurement specific goals. The

financial offer must not be included or hinted at in this envelope.

• Envelope 2 (Financial Proposal): Must contain the detailed pricing, cost breakdowns,

and total bid amount

1.1 Completed tender submissions must be submitted online as per link below: Labelled

Tender NO: fas/ng/arc/internal audit SERVICES/CON3599/26

1.2 No submissions sent by e-mail or facsimile will be accepted, and no late submissions will

be accepted. Failure to adhere to this requirement will render the bid response non-

responsive and will be disqualified from evaluation.

1.3 Bidders are requested to submit one (1) submission marked/labelled “Functionality” and

one (1) “Financial proposal”.

1.4 The Closing Date is: 04 September 2026 by no later than 11:00 am (eleven o’clock) at the

link. No late submissions will be accepted

1.5 All SCM enquiries are to be directed to Supply Chain Management Office on Email:

[email protected] by no later than 25 August 2026 at 11:00 am

1.6 All Technical enquiries are to be directed to Audit, Risk & Compliance Management Office

on Email: [email protected] by no later than 25 August 2026 2026 at 11:00 am

Bidders who: 0

• Failure to substantiate or submit relevant documents/information

to obtain points

9.4 Pricing and Preferential point system (80/20)

P a g e | 19

Bid number: fas/ng/arc/internal audit SERVICES/CON3599/26

• Bidders who obtained a minimum score of 70% on functionality will be evaluated further

on Price and specific goals. Evaluation will be conducted either by 80/20 preferential

procurement principles.

• 80 Points will be allocated to price, and 20 Points will be allocated to specific goals in

terms of the Preferential Procurement Policy Framework Act Regulations of 2022 and

12.1 Bidders must provide the basis on which the services will be charged.

12.2 The Bidder shall reflect service discounts that they will offer throughout the contract

duration and must be indicated on the pricing schedule (Annexure A: Financial

Proposal)

12.3 Bidders’ submissions must reflect the detailed breakdown of the bid amount as per

the pricing schedule (Annexure A: Financial Proposal)

22 | P a g e

12.4 Prices must include all applicable taxes and all other costs related to the execution

of the required services.

12.5 The bidder agrees not to change the price with VAT or any other Tax after submitting

the tender. This includes subsequent VAT registration.

12.6 Arithmetic errors:

a. Discrepancy in Words and Figures: The amount written in words always takes

precedence over the numbers

b. Line Item vs. Rate: If multiplying a unit rate by a quantity yields a different total

than listed, the line-item total governs, and the unit rate is corrected mathematically

c. Notification and Confirmation: FASSET will notify the bidder of the errors and

offer them a chance to confirm the corrected amount or withdraw their tender.

12.7 Bid amount must be charged in South African currency (Rand)

5 SBD 1: Invitation to Bid completed in full, Bid must initial each page and

signed and each page initialled. complete in full (Submit:

Financial Proposal)

6 SBD 3.1: Pricing Schedule – Firm prices Bid must initial each page and

(Purchases) Submit: Financial Proposal

7 SBD 4: Bidders Disclosure completed in full Bid must initial each page and

and signed and each page initialled. complete in full

8 SBD 6.1: Preference Points Claim Form Bid must initial each page and

completed in full and signed and each page complete in full

initialled.

9 SBD 7.2: Contract Form – Rendering of Will be completed by the

• Company profile of the Internal Audit service provider.
• Mandatory requirements document submitted as instructed.

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Bid number: fas/ng/arc/internal audit SERVICES/CON3599/26

• Bid returnable documents must be completed in full and signed.
• Bidders must initial on all pages of SBD forms.
• Bidders must submit three (3) contactable references letters.
• Latest valid Central Supplier Database (CSD) Report
• Valid Company registration documents.
• Valid Original or certified BBBEE certificate or Sworn affidavit.

https://www.thedtic.gov.za/financial-and-non-financial-support/b-bbee/b-bbee-codes-

b-bbee-acts-strategies-policies/

• For a Consortium/Joint Venture, a consolidated valid BBBEE Certificate and a joint

venture agreement must be submitted. Each Bidder in a trust, joint venture must also

submit all its valid supporting documents (SBD forms, Tax compliance status pin,

Csd.)

• Note: FASSET will verify the information provided.

3. Terms of reference

3.1 Background

The Finance and Accounting Services Sector Education and Training Authority (FASSET) was

established on 1 April 2000 in accordance with the provisions of the Skills Development Act,

No. , as amended. FASSET’s mandate is to contribute to the effective operation of

the labour market through skills development, to ensure an adequate supply of competent

labour necessary to compete in the global economy.

Section 51(1)(a)(ii) of the Public Finance Management Act (PFMA) requires the Accounting

appointment.

11.5 Bidders shall ensure that the complete bid document is submitted with all

additional required information and any other documents that the bidder

wishes to supply to substantiate or clarify specific aspects in the proposal.

11.6 The person completing the bid documents and submitting the proposal, must

have the requisite authority or approval.

the National Treasury "Restricted List" appear on this list

the National Treasury "Tender Defaulters appear on this list

List"

financial offer must not be included or hinted at in this envelope.

responsive and will be disqualified from evaluation.

1.3 Bidders are requested to submit one (1) submission marked/labelled “Functionality” and

• one (1) submission marked/labelled “Functionality Proposal”

9.3 Functionality Evaluation

The evaluation criteria and weights for functionality as indicated in the table below, will apply.

The minimum threshold score of 70 points out 100 must be achieved to qualify for further

evaluation on preference points system (80/20).

Criteria for Functionality

Scoring Criteria Points

obtain points.

experience, project methodology, and preferential procurement specific goals. The

significant changes to the approved plan, and for overseeing the independence, quality, and