Frequently Asked Questions — Appointment of Internal Auditors for 36 Months – Gauteng Tender

Question 1

What are the submission requirements for this tender (Ref: )?

Accepted Answer

Returnable Documents: Invitation to bid (SBD 1) ................................................................................................ 7, SBD 3.3 Pricing Schedule...............................................................................23, SBD 4 Bidder’s Disclosure .......................................................................................... 24, SBD 6.1 Preference Points claim form ........................................................................ 26, • SBD 1: Bidders Information, • SBD 3.3: Pricing Schedule, • SBD 4: Bidders Disclosure, • SBD 6.1: Preference Points Claim Form in terms of preferential procurement, b) Tax Compliance Status Pin (TCS Pin);, d) Proof of Company Registration;, e) Identity Documents for Directors;, f) Current Copy of Central Supplier Database (CSD) Report;, compliance on Administrative Compliance Requirements. Please ensure that the, Key Personnel At each criteria the, Note: Bidders must provide CVs, qualifications and bidder must meet, qualifications, 2. IT Manager’s experience and qualifications 8 10

Question 2

How will bids be evaluated?

Accepted Answer

Phase 1 – Administrative Compliance Requirements This stage checks and validates the bidders’ compliance with the legal requirements to conduct business in South Africa, as well as with the industry requirements for the supply of goods and services. All SBDs must be submitted (signed), noting where it is not applicable. If any specific SBD is not submitted, documentary proof, clearly stating the reason, must be attached. of 65 Phase 2 – Functionality [Technical Evaluation] Functionality is worth 100 points. The minimum threshold is 75 points. Bidders who score less than 75 points on functionality will therefore be disqualified. The functionality evaluation is broken down as follows. Functionality [Technical Evaluation] Criteria Sub Min Points Maximum Points Past Relevant Experience in Internal Audit 10 30 Note: Bidders will need at least 2 letters of public sector DFI experience to qualify for the minimum points Key Personnel At each criteria the Note: Bidders must provide CVs, qualifications and bidder must meet other relevant industry certifications for the following minimum key roles in the project: requirements 1. Director in Internal Audit’s experience and 8 10 • 10 points – Subcontracting meets all of the above requirements. • 0 points – No subcontracting to a qualifying small, black-owned IIA- registered firm. • 0 points – Subcontracting is provided, but the firm does not meet the designated-group ownership requirement. Total 100 Phase 3 – Price and Preference Evaluation Bidders who score a minimum of 75 points out of 100 points on the Functionality Phase will be further evaluated in terms of Price and Preference points. As per the table below, price is evaluated over 80 points and preference points over 20: of 65 As per the table below, price is evaluated over 80 points and preference points over 20: 1 Price 80 points 2 Specific Goals 20 points # Specific Goal Proof Points Allocation 1 South African citizen who had no • Company Registration 7 franchise in national elections prior to Certification (CIPC) the introduction of the Constitution of the • Certified identification Republic of South Africa, 1983 (Act 200 documentation of of 1983) or the Constitution of the company director/s Republic of South Africa, 1996. • CSD report/ CSD (Minimum >50% ownership or more) registration number (MAAA number) 2 Woman Ownership >50% • Company Registration 8 Certification (CIPC) • Certified identification documentation of company director/s • CSD report/ CSD registration number (MAAA number) 3 Disabled Ownership >50% • Company Registration 1 Certification (CIPC) • Certified identification documentation of company director/s • CSD report/ CSD registration number (MAAA number) • Certified medical certificate from a registered medical practitioner 4 Military veteran Ownership >50% • Company Registration 1 Certification (CIPC) • Certified identification documentation of company director/s • CSD report/ CSD registration number (MAAA number) • A verifiable letter from an authorised body/entity certifying the military status of the claimant (bidder). 5 Youth Ownership >50% • Company Registration 3 Certification (CIPC) • Certified identification of 65 documentation of company director/s • CSD report/ CSD registration number (MAAA number) of 65 Pt−Pmin Ps= 80(1− ) Pmin Where Ps = Points scored for price of tender under consideration Pt = Price of tender under consideration Pmin = Price of lowest acceptable tender 3.2. FORMULAE FOR DISPOSAL OR LEASING OF STATE ASSETS AND INCOME GENERATING PROCUREMENT 3.2.1. POINTS AWARDED FOR PRICE A maximum of 80 points is allocated for price on the following basis: of 65

Question 3

What are the technical specifications?

Accepted Answer

The NHFC is a public entity listed as a Schedule 3A of the Public Finance Management Act (PFMA) of 1999 (as amended). The entity was established by the National Department of Human Settlements (NDOHS) as a development finance institution (DFI) in 1996, with the mandate of broadening access to affordable housing for the low- and middle-income households. NHFC, as a national public entity, adheres to the regulatory framework of the Public Finance Management Act (PFMA) of 1999. The NHFC operates largely as a wholesale funder providing funding in the affordable housing market through a network of clients that include social housing institutions, property developers and investors, contractors, as well as non-banking financial retail intermediaries. In addition, it facilitates national implementation of a housing subsidy programme on behalf of the Department of Human Settlements, which is focused on providing a subsidy for aspiring first-time homeowners, known as the First Home Finance Programme. The entity also provides programme management services to augment the capacity of provincial and local governments in the implementation of various housing programmes. The company operates nationally mostly through intermediaries operating in the four (4) main financing channels, namely, the residential developer financing channel, the Social Housing institution /Other Delivery Agents (ODAs) financing channel, the contractor financing channel as well as the incremental housing intermediary financing channel. In addition to providing loans to its intermediary partners, the company also provides other forms of funding in the form of strategic investments, such as equity and quasi-equity to certain niche businesses in the affordable housing value chain. As the human settlements DFI, NHFC supports the NDOHS in its objective to achieve its constitutional mandate of human settlements delivery throughout the country. 2. PURPOSE OF THE REQUEST FOR PROPOSAL (RFP) The National Housing Finance Corporation SOC Limited (NHFC) is seeking proposals from suitably qualified institutions to provide internal audit services for a period of three years to NHFC and its wholly owned subsidiary, CTCHC based in Cape Town, for the period of three years subject to annual performance review. of 65 The successful service provider will be expected to perform the internal audit activities in line with the requirements of the PFMA, and the approved NHFC Internal Audit Charter, which states that the internal audit function (under the direction of the CEO and Chief Risk Officer) has the responsibility to, amongst other things: 1) Develop a three-year rolling strategic internal audit plan and review and maintain the IA strategy using appropriate risk-based methodology, including any risks or control concerns identified by management, and submit that plan to the Audit & Risk Committee (ARC) for review and approval; the strategic plan will include both the internal and external audit tracking schedules. The NHFC is audited by the Auditor-General; 2) Prepare a detailed internal audit charter and plan for the first year of the rolling plan and proposed plan for two years, to be presented to management and the Audit and Risk Committee (ARC) together with the fee estimate, for the work to be conducted; 3) Estimated audit hours for the 3-year period are as follows: a. 10 000 hours for audit reviews b. 4500 hours for irregular and wasteful expenditure determination tests whistle blower hotline and other investigations, c. 1500 hours for special audits such as live audits of tenders, investigations etc. d. Ensure availability of resources throughout the year (including over the festive period, Easter and from 02 January). 4) Implement the annual audit plan, as approved, including, and as appropriate, any special tasks or projects requested by Management and the ARC, as well as periodic updates; 5) Annual review of the annual financial statements prior to sign off and submission to the Auditor-General; 6) Report to the ARC on a quarterly basis: on the performance against the annual internal audit plan and on other areas of concern. Monthly reports to management and quarterly reports to the ARC to summarise the results of the audit activities and detailing its performance against the annual internal audit plan to allow effective monitoring and possible intervention. Present all completed audit reports to management (monthly) and the ARC quarterly; 7) Implement, maintain and report on combined assurance within the NHFC. Report to EXCOM and ARC (EXCOM monthly and Audit & Risk Committee quarterly); 8) Review and maintain the combined assurance policy, framework and plan. Establish the relevant governance structures and committees. Facilitate meetings and discussions to implement and monitor combined assurance; of 65 9) Training of all staff on combined assurance: X1 training session per annum; 10) Maintain a professional audit staff with sufficient knowledge, skills, e…

Question 4

What compliance and legal requirements must bidders meet?

Accepted Answer

Minimum NQF Level 8 qualification (Postgraduate Diploma / Honours or equivalent) in Internal Audit, Accounting, and or Finance related fields = 2 points CV that demonstrates a minimum of ten (10) years in internal audit experience = 6 points CV that demonstrates eleven (11) years or more internal audit experience = 8 points Experience must be within, with specific emphasis on Public sector Entities and Lending and/or Financial Institutions CA(SA) registered with SAICA and/ or Certified Internal Auditor registered with CIA (mandatory) Failure to submit the detailed CV, qualifications, relevant certificates or proof of IIA certification will result in a score of zero (0) for this criterion. 10 points IT Manager specialising in IT Internal Audit with a minimum of 5 years of experience within public sector entities and lending financial institutions. Detailed CVs, qualification and copies of certificates must be submitted. Proof of a valid IIA certificate: Failure to submit proof of a valid IIA certificate will result in a score of of 65 zero for this criterion, and the proposed personnel will not be evaluated further, as possession of a valid certificate is a mandatory pre-requisite. Minimum NQF Level 7 qualification in Information Systems, IT Audit, Computer Science, or other IT related fields = 2 points CV must demonstrate a minimum of five (5) years IT Internal Audit experience = 6 points CV that demonstrates six (6) years or more IT internal audit experience = 8 points Public sector entities and Lending and/or Financial Institutions Valid IIA certification (mandatory) Failure to submit the detailed CV, qualifications, relevant certificates or proof of IIA certification as a Certified IT Auditor will result in a score of zero (0) for this criterion. 10 points Internal Audit Manager with minimum 5 years’ experience within public sector entities and lending financial institutions. Detailed CV’s, qualification and copies of certificates must be submitted. Proof of a valid IIA certificate: Failure to submit proof of a valid IIA certificate will result in a score of zero for this criterion, and the proposed personnel will not be evaluated further, as possession of a valid certificate is a mandatory pre-requisite. Minimum NQF Level 7 qualification in Internal Audit, Accounting or Finance- related field = 2 Points Minimum Five (5) years internal audit experience = 6 points CV that demonstrates six (6) years or more internal audit experience = 8 points Failure to submit the detailed CV, qualifications, relevant certificates or proof of IIA certification will result in a score of zero (0) for this criterion. of 65 10 points Forensic Manager Specialising in Forensic with minimum 5 years’ experience within public sector entities and lending financial institutions. Detailed CVs, qualification and copies of certificates must be submitted. Proof of at least one valid professional certification (CFE, CPA, CFP, CCSA and/or CGAP): Failure to submit proof of at least one valid certification listed above will result in a score of zero for this criterion, and the proposed personnel will not be evaluated further, as possession of at least one valid certification is a mandatory pre-requisite. Minimum NQF Level 7 qualification in Internal Audit, Accounting, Finance or Legal-related fields = 2 Points Minimum Five (5) years forensic auditing experience = 6 points CV that demonstrates six (6) years or more forensic audit experience = 8 points At least one of the following certifications or related Failure to submit the detailed CV, qualifications, relevant certificates or proof of valid CFE certification will result in a score of zero (0) for this criterion. Proposed Methodology and Approach Total-10 points Adequately demonstrate understanding of internal audit process, clear timelines, 8-10 points targets, Fairly demonstrate understanding of internal audit process, clear timelines, targets, 5-7 points and engagement strategy. Poorly demonstrate understanding of internal audit process, clear timelines, targets, 0-4 points and engagement strategy. of 65 Independence and objectivity Total 10 points 10 points The bidder must demonstrate financial stability and independence by submitting current audited/reviewed financial statements that meet the requirements below Current audited/reviewed financial statements not older than 12–18 months, demonstrating that the bidder is solvent and profitable. Current audited/reviewed financial statements not older than 12–18 months, with an unqualified audit opinion. Failure to submit the required current audited/reviewed financial statements will result in a score of zero (0) for this criterion. Developmental strategy Total 10 points 10 points The successful bidder must subcontract 10% of the contract fee to a small, black- owned firm that is registered with the IIA, with the majority ownership held by designated groups, namely women, youth or persons with disabilities. The subcontracted firm should …

Question 5

What are the important dates and deadlines for this tender?

Accepted Answer

{"closingDate":"28 September 2026","closingTime":"11:00","briefingSession":"{\"date\":\"06 October 2026\",\"time\":\"11:00\",\"venue\":\"11:00 (Via MS Team)\",\"is_compulsory\":true}"}

Question 6

Who should be contacted for queries about this tender?

Accepted Answer

{"name":"MS Team","email":"Tenders02@nhfc.co.za","phone":"079 507 2822","department":null,"address":null}

Appointment of internal auditors for 36 months – gauteng tender

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Broad-Based Black Economic Empowerment Act (B-BBEE Act)

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Appointment of internal auditors for 36 months – gauteng tender

Related opportunities

Related active categories

Active provinces

Active buying organisations

Intelligence and resources

Tender context

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Related active categories

Active provinces

Active buying organisations

Intelligence and resources

Financial Services Industry Profile

Regulatory Bodies

Typical Documents

Core procurement rules

Broad-Based Black Economic Empowerment Act (B-BBEE Act)

Constitution of the Republic of South Africa, 1996 – Section 217

National Housing Finance Corporation Limited

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Prevention and Combating of Corrupt Activities Act (PRECCA)

Public Procurement Act, 2024 (PPA)

Promotion of Access to Information Act (PAIA)

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Issuer-specific rules

Companies Act

Sector-specific rules

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