The insurance sector education and training authority (inseta) is requesting a service provider to render advisory services to its board sub-committee (finance) regarding their roles and responsibilities. This is a request for quotation for professional advisory services in gauteng.
Key Requirements
The closing date for bids is 30 July 2026 at 11:00.
The General Conditions of Contract (GCC) apply and may not be amended; Special Conditions of Contract (SCC) will supplement them.
No contract will be awarded to a bidder without a valid, original SARS tax clearance certificate.
The supplier must not disclose contract documents or purchaser information without prior written consent.
Payment terms will be specified in the SCC, with payments made no later than 30 days after invoice submission.
Prices quoted in the bid may not vary except as authorized in the SCC.
The supplier indemnifies the purchaser against third-party claims of patent, trademark, or design infringement.
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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.
RFQRE ISSUE - Specification for FINCO Advisory Services.pdfReview complete
Description
Source: RE ISSUE - Specification for FINCO Advisory Services.pdf
Important Dates
24 Jul
2026
PUBLICATION
Tender Published
Tender was published
30 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.
The Insurance Sector Education and Training Authority (INSETA) in Gauteng is seeking a service provider to render advisory services to its Board Sub-Committee (Finance) regarding their roles and responsibilities. The tender uses the 80/20 preferential procurement system, where 80 points are allocated for price and 20 points for specific goals related to Broad-Based Black Economic Empowerment (B-BBEE).
RE ISSUE - Specification for FINCO Advisory Services.pdf
INSETA seeks an accounting firm to provide advisory services to its Board Finance Sub-Committee on roles, responsibilities, and financial governance, in line with PFMA and other legislation, until 31 March 2027. The procurement follows the 80/20 preferential points system.
The Insurance Sector Education and Training Authority is seeking a service provider to render advisory services to its board sub-committee (finance) regarding their roles and responsibilities. This is a national tender with a closing date of July 30, 2026. The provided document is SBD4, a bidder's disclosure form requiring declarations about conflicts of interest, state employment, and collusive practices.
The Insurance Sector Education and Training Authority (INSETA) seeks a service provider to render advisory services to its Board Sub-Committee (Finance) regarding their roles and responsibilities. The tender is governed by South African government procurement General Conditions of Contract (GCC), which establish the legal framework for the contract. The closing date is July 30, 2026.
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.
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.
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Document read
Compliance review
Bid-ready summary
INSETA is a Schedule 3A public entity under the Skills Development Act, mandated to promote skills development in the insurance sector.
This procurement seeks an accounting firm to provide advisory services to the Board Sub-Committee (Finance) regarding their roles and responsibilities.
The bid proposal must cover advisory services aligned with National Treasury frameworks until 31 March 2027, requiring extensive knowledge of PFMA and applicable legislation.
Important Dates
Source: RE ISSUE - Specification for FINCO Advisory Services.pdf (RFQ)
RFQ Issue Date: 24 July 2026.
Closing Date and Time: 30 July 2026 at 11:00 am.
No briefing session is scheduled (N/A).
Enquiries must be submitted at least three days before the closing date.
RFQ validity period: 90 days from the closing date.
Contact Information
Source: RE ISSUE - Specification for FINCO Advisory Services.pdf (RFQ)
Source: RE ISSUE - Specification for FINCO Advisory Services.pdf (RFQ)
Submit your quotation via email to [email protected] by 30 July 2026 at 11:00 am. Late submissions will not be considered.
Your submission must include: a completed and signed RFQ form, a quotation on your company letterhead, and a completed and signed SBD 4 (Bidder’s Disclosure).
Incomplete submissions will invalidate your quote.
Do not canvass any INSETA officials between the closing date and award date – this will lead to disqualification.
All enquiries must be emailed at least three days before the closing date.
The RFQ validity period is 90 days from the closing date.
Returnable Documents
Source: RE ISSUE - Specification for FINCO Advisory Services.pdf (RFQ)
Mandatory: Completed RFQ form, quotation on letterhead, SBD 4.
Also required (but non-submission does not disqualify): SBD 6.1, B-BBEE certificate/affidavit, CSD report.
Source: RE ISSUE - Specification for FINCO Advisory Services.pdf (RFQ)
The bidding entity must be an accounting firm. 2. The proposed resource must be a qualified CA(SA) or Registered Auditor (RA). 3. The proposed resource must have a minimum of 7 years of experience specifically within the SETA landscape at an executive level. 4. The bidder must demonstrate extensive knowledge of the PFMA, SETA landscape, and board sub-committee advisory roles. 5. Bidders can bid as a single entity, consortium (with lead partner), or joint venture (incorporated or unincorporated), with specific documentation required for each structure.
Technical Specifications
Source: RE ISSUE - Specification for FINCO Advisory Services.pdf (RFQ)
Scope: Provide advisory services to the Board Sub-Committee (Finance) regarding their roles and responsibilities, in line with National Treasury frameworks, until 31 March 2027.
The service provider must have extensive knowledge and experience in rendering advisory services to finance sub-committees and making recommendations.
Must have extensive understanding and application of the Public Finance Management Act (PFMA) and other applicable legislation.
Resource requirements:
Must be a Chartered Accountant (CA(SA)) and/or Registered Auditor (RA) with SAICA and IRBA membership certificates.
Must have own laptop, internet connection, meals, and transport.
Must be available immediately.
Must have a detailed CV showing 7+ years’ experience within the SETA landscape at Executive level.
Must provide at least 3 contactable reference letters on company letterhead demonstrating financial management/accounting experience within SETA.
Experience & Qualifications
Source: RE ISSUE - Specification for FINCO Advisory Services.pdf
Bidder must have extensive knowledge and experience in providing advisory services to finance sub-committees.
Resource must be a CA(SA) or RA with SAICA and IRBA membership certificates.
Must have a detailed CV showing 7+ years’ experience within the SETA landscape at Executive level.
Must provide at least 3 contactable reference letters on company letterhead demonstrating financial management/accounting experience within SETA.
Resource must have own laptop, internet, meals, transport, and be available immediately.
Pricing Schedule
Source: RE ISSUE - Specification for FINCO Advisory Services.pdf
Submit a fixed-price quotation on company letterhead, with rates fixed for the contract duration.
Total cost must include VAT and be in South African Rands.
Pricing schedule must specify an hourly rate for one resource who is a CA(SA) or RA.
Financial Requirements
Source: RE ISSUE - Specification for FINCO Advisory Services.pdf (RFQ)
Submit a fixed-price quotation on your company letterhead. Rates must be fixed for the contract duration.
Total cost must include VAT and be quoted in South African Rands.
Pricing schedule must specify an hourly rate for one resource who is a CA(SA) or RA.
Contract duration: until 31 March 2027.
No legal obligation arises until a formal contract, SLA, or purchase order is signed/issued.
Compliance Requirements
Source: RE ISSUE - Specification for FINCO Advisory Services.pdf (RFQ)
Legislative documents required: Completed RFQ form, quotation on letterhead, SBD 4 (mandatory). SBD 6.1, B-BBEE certificate/affidavit, and CSD report are required but non-submission does not lead to disqualification.
B-BBEE compliance: Submit valid B-BBEE certificate or sworn affidavit. EME/QSE bidders submit affidavit; others submit SANAS-accredited B-BBEE certificate and scorecard.
Specific goals points are awarded for Black, Women, Youth, and Disability ownership.
Tax compliance and CSD registration are required, especially for consortium/joint venture partners.
The contract is subject to General Conditions of Contract under Treasury Regulation 16A, PFMA, and PPPFA with 2022 regulations.
Successful bidder must enter into an SLA with KPIs, may need professional indemnity/liability insurance, and sign a non-disclosure agreement.
B-BBEE Requirements
Source: RE ISSUE - Specification for FINCO Advisory Services.pdf (RFQ)
Specific goals points: Black Ownership (max 6 points), Women Ownership (max 6 points), Youth Ownership (max 5 points), Ownership by People Living with Disabilities (max 3 points).
No legal obligation until formal contract, SLA, or purchase order is signed/issued.
Service provider responsible for conduct of its employees and subcontractors.
Special Conditions
Source: RE ISSUE - Specification for FINCO Advisory Services.pdf (RFQ)
No canvassing of INSETA officials allowed between closing date and award.
Enquiries must be emailed three days before closing.
INSETA does not bind itself to accept the lowest or any bid, reserves the right to withdraw/cancel, and is not responsible for bidder expenses.
No bid deemed accepted until formal contract/letter of award is executed.
RFQ remains open for acceptance for 90 days.
INSETA may contact bidders for clarification during evaluation.
Bidders bear all costs of bidding.
Report fraud/corruption to Vuvuzela Hotline: 0800 119 691.
Requirements
Source: RE ISSUE - Specification for FINCO Advisory Services.pdf (RFQ)
Mandatory requirements: Resource with CA(SA)/RA certificates; CV with 7+ years’ SETA executive experience; 3 reference letters demonstrating financial management/accounting experience within SETA.
Section
Source: RE ISSUE - Specification for FINCO Advisory Services.pdf
Specific goals points allocation: Black Ownership (6 points max), Women Ownership (6 points max), Youth Ownership (5 points max), Ownership by People Living with Disabilities (3 points max).
Bidders must not be listed in the Register for Tender Defaulters or the List of Restricted Suppliers. They must disclose any state employment of persons with a controlling interest. The bidder must be independent and free from collusive arrangements with competitors. The bidder must not have been involved in drafting the tender specifications.
Any person (natural or juristic) may submit a bid.
Bidders listed on the Register for Tender Defaulters or List of Restricted Suppliers will be automatically disqualified.
You must complete and submit the SBD4 Bidder's Disclosure form.
The form requires declarations regarding:
Whether the bidder or any person with a controlling interest is employed by the state.
Any relationship between the bidder and employees of the procuring institution.
Any interest in other related enterprises.
You must certify that:
The bid was prepared independently without collusion with competitors.
There was no prior disclosure of bid terms to competitors.
There was no improper consultation with officials of the procuring institution.
A false declaration may result in bid rejection, reporting to the Competition Commission or National Prosecuting Authority, and restriction from public sector business for up to ten years.
Any person (natural or juristic) may submit a bid.
You must complete the SBD4 Bidder's Disclosure form.
The form requires declarations regarding:
State employment of the bidder or persons with controlling interest.
Relationships with employees of the procuring institution.
Interests in other related enterprises.
You must certify the bid is independent and non-collusive.
False declarations can lead to disqualification, legal action, and business restrictions.
DocumentGeneral Conditions of Contract (GCC).pdfReview complete
Description
Source: General Conditions of Contract (GCC).pdf
The document draws attention to general conditions applicable to government bids, contracts, and orders.
It aims to ensure clients are familiar with the rights and obligations of all parties involved in government business.
Submission Guidelines
Source: General Conditions of Contract (GCC).pdf (TENDER)
The General Conditions of Contract (GCC) form part of all bid documents and may not be amended.
Special Conditions of Contract (SCC) relevant to this bid will be compiled separately and will supplement the GCC. In case of conflict, the SCC provisions prevail.
The purchaser is not liable for any expense incurred in bid preparation and submission.
Invitations to bid are generally published in the Government Tender Bulletin, obtainable from the Government Printer or electronically from www.treasury.gov.za.
Evaluation Criteria
Source: General Conditions of Contract (GCC).pdf (TENDER)
Eligibility is governed by the GCC. Key criteria include: compliance with all bid/contract conditions; possession of a valid South African Revenue Service (SARS) tax clearance certificate prior to award (Clause 32.3); and the supplier's tax matters being in order. The supplier must not be restricted from doing business with the public sector (as per Clause 23). The contract is open nationally.
Technical Specifications
Source: General Conditions of Contract (GCC).pdf (TENDER)
The goods supplied must conform to the standards mentioned in the bidding documents and specifications.
The supplier must not disclose contract documents or purchaser information without prior written consent.
The purchaser may inspect the supplier’s records and have them audited.
The supplier indemnifies the purchaser against third-party claims of patent, trademark, or design infringement.
Quality Management
Source: General Conditions of Contract (GCC).pdf
The supplier must not disclose or misuse contract documents and purchaser information without prior written consent.
The purchaser may inspect the supplier’s records and have them audited.
Financial Requirements
Source: General Conditions of Contract (GCC).pdf (TENDER)
Payment method and conditions will be specified in the Special Conditions of Contract (SCC).
The supplier must submit an invoice with a copy of the delivery note.
Payments will be made promptly, but no later than 30 days after invoice submission.
Payment will be in Rand unless otherwise stipulated in the SCC.
Prices quoted in the bid may not vary except as authorized in the SCC or a bid validity extension request.
Compliance Requirements
Source: General Conditions of Contract (GCC).pdf (TENDER)
No contract will be concluded with a bidder whose tax matters are not in order. An original tax clearance certificate from SARS must be submitted prior to award.
The National Industrial Participation Programme (NIPP) applies to contracts subject to the NIP obligation.
Definitions are provided for terms like 'corrupt practice', 'fraudulent practice', 'local content', and 'imported content'.
The General Conditions of Contract apply to all bids, contracts, and orders, including for services, unless otherwise indicated.
B-BBEE Requirements
Source: General Conditions of Contract (GCC).pdf (TENDER)
The National Industrial Participation Programme (NIPP) administered by the Department of Trade and Industry applies to all contracts subject to the NIP obligation.
Contractual Terms
Source: General Conditions of Contract (GCC).pdf
Clause 21 addresses delays in the supplier’s performance.
The supplier must deliver goods and perform services according to the prescribed schedule.
If delays occur, the supplier must promptly notify the purchaser in writing, detailing the cause and likely duration.
The purchaser may extend the time for performance, with or without penalties.
The purchaser may procure substitute goods or cancel the contract in case of delay.
Special Conditions
Source: General Conditions of Contract (GCC).pdf (TENDER)
The General Conditions of Contract (GCC) are part of all bid documents and may not be amended.
Special Conditions of Contract (SCC) relevant to this bid will be compiled separately and supplement the GCC.
In case of any conflict between the GCC and SCC, the provisions in the SCC shall prevail.
DocumentSBD 6.1 In Terms of PPR2022 -Latest Version.pdfReview complete
Evaluation Criteria
Source: SBD 6.1 In Terms of PPR2022 -Latest Version.pdf (TENDER)
All tenderers are eligible to apply, but points will be awarded based on B-BBEE ownership levels: Black Ownership (100% = 6 points, 75-99% = 3, 51-74% = 1), Women Ownership (75-100% = 6, 51-74% = 3, 1-50% = 1), Youth Ownership (75-100% = 5, 51-74% = 3, 1-50% = 1), and Companies owned by People with Disabilities (3 points). Tenderers must declare company type and registration details.
Compliance Requirements
Source: SBD 6.1 In Terms of PPR2022 -Latest Version.pdf (TENDER)
Submit proof for Specific Goals to claim preference points.
For Black Ownership: 6 points for 100%, 3 points for 75-99%, 1 point for 51-74%, 0 points for 50% or less.
For Women Ownership: 6 points for 75-100%, 3 points for 51-74%, 1 point for 1-50%, 0 points for 0%.
For Youth Ownership: 5 points for 75-100%, 3 points for 51-74%, 1 point for 1-50%, 0 points for 0%.
For Company-owned by People with Disabilities: 3 points.
Required documentation: Emerging Micro Enterprise (EME) and Qualifying Small Enterprise (QSE) must submit a sworn affidavit (DTI or CIPC Template). Generic entities must submit a B-BBEE certificate and CSD report.
Complete the company/firm declaration with name, registration number, and company type.
Signatory must certify information is true and correct.
Fraudulent claims may result in disqualification, contract cancellation, cost recovery, blacklisting, and criminal prosecution.
B-BBEE Requirements
Source: SBD 6.1 In Terms of PPR2022 -Latest Version.pdf (TENDER)
Specific Goals points awarded for Black Ownership, Women Ownership, Youth Ownership, and ownership by People with Disabilities.
Points: Black Ownership (max 6 points), Women Ownership (max 6 points), Youth Ownership (max 5 points), Company-owned by People with Disabilities (max 3 points).
If unclear whether 80/20 or 90/10 system applies, the organ of state must indicate points for both systems.
Contractual Terms
Source: SBD 6.1 In Terms of PPR2022 -Latest Version.pdf
Complete the company/firm declaration with name, registration number, and company type.
Signatory must certify that information is true and correct, and preference points claimed comply with General Conditions.
If awarded, the contractor may be required to furnish documentary proof to substantiate claims.
Fraudulent claims or failure to fulfil contract conditions may result in: disqualification from tendering process; recovery of costs, losses, or damages; contract cancellation and damages; blacklisting of tenderer/contractor, shareholders, and directors from state business for up to 10 years; criminal prosecution.
Section
Source: SBD 6.1 In Terms of PPR2022 -Latest Version.pdf
For disposal/leasing of state assets and income-generating procurement, price scoring may use 80/20 or 90/10 system.
18 Fricker Rd, Illovo, Sandton, 2196, South Africa
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eTenders.gov.za
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