This Tender Has Expired

Closing date: 15 May 2026 at 11:00 A.M. No compulsory briefing session is required. All enquiries must be submitted in writing prior to the submission deadline.

For bid enquiries, contact Demand Management via email at [email protected]. Reference specific paragraph numbers in your enquiry. Submission email: [email protected] (Attention: Demand Management).

Submit responses via email to [email protected] with the subject line referencing the RFI number (RAF/2026/00021) and 'Attention: Demand Management'. Include the following in your submission: bidder name, representative name, email, telephone number, and bidding structure (individual, joint venture, consortium, subcontractors, or other). For joint ventures/consortia, provide details for each member (name, registration number, VAT number, contact person, telephone, fax, email, postal and physical address). No hard copies or attachments (e.g., proof, supporting documents, or pricing) are required at this stage. All clarifications must be submitted in writing via the same email, referencing specific paragraph numbers, prior to the closing date.

Scope: Conduct an independent quality assurance review of RAF’s actuarial methodologies and models annually for three years. Focus areas: a) Outstanding Claims Liability Valuation Methodology and Model (aligned with RAF’s claims lifecycle dynamics), b) Budget Forecasting Methodology and Model (aligned with National Treasury’s MTEF requirements), c) Loss of Earnings Claims Quantification Methodology and Model (aligned with ASSA’s APN 701), d) Loss of Support Claims Quantification Methodology and Model (aligned with ASSA’s APN 701), e) Post-Retirement Medical Aid Subsidy Liability Valuation Methodology and Model (aligned with GRAP 25.4.2). Desired expertise: Outstanding Claims Liability (OCL) valuations (self-insurance, IBNR, workers’ compensation, third-party liability), Loss of Earnings (LOE) and Loss of Support (LOS) claims (RAF, commercial, labour, medical negligence, wrongful death), MTEF forecasting (technical support, multi-year planning, municipal budgets, trend analysis), and Post-Retirement Medical Aid Subsidy (PRMA) valuations (employee benefits, pension funds, GRAP 25/IAS 19 compliance, medical scheme subsidies).

No pricing or rates are required at this RFI stage. The RAF reserves the right to use bidder proposals in future procurement processes, which may result in an award.

Must be a registered service provider on the National Treasury Central Supplier Database (CSD). Tax affairs must be in order at submission. Companies or directors listed on the National Treasury’s Restricted Suppliers and/or Tender Defaulters register will be disqualified. Bidder must be registered as an Actuarial Firm/Company with the Actuarial Society of South Africa (ASSA) and provide a valid certificate if requested. Must have at least one Fellow-level Qualified Actuary in good standing with ASSA (proof may be required). For joint ventures/consortia, all members must meet registration and compliance requirements.