PROJECT NAME: Actuarial Valuation to determine the value of all defined benefit plan obligations including all post-employment medical benefit obligations and all long service award obligations for 2024/2025 financial year
BID NO.: 8/2/467/2024-2025R
Bids are hereby invited for the Actuarial Valuation to determine the value of all defined benefit
plan obligations including all post-employment medical benefit obligations and all long service
award obligations for 2024/2025 financial year. The minimum specifications are detailed in the Bid
document.
Bid documents are available on ADM’s website – www.amathole.gov.za on Monday, 09 June 2025
Technical Enquiries should be addressed to Ms A. Soncasa at 082 619 2849
Bidders to note that a Functionality Assessment will be undertaken. The Functionality Assessment criteria and points are as follows:
Experience - 60 points
Expertise - 40 points
TOTAL - 100 points
A minimum score of 60 out of 100 in total in the technical evaluation criteria must be scored in order to proceed to the Financial Evaluation.
Completed bid documents are to be placed in a sealed envelope endorsed "ACTUARIAL VALUATION TO DETERMINE THE VALUE OF ALL DEFINED BENEFIT PLAN OBLIGATIONS INCLUDING ALL POST-EMPLOYMENT MEDICAL BENEFIT OBLIGATIONS AND ALL LONG SERVICE AWARD OBLIGATIONS FOR 2024/2025 FINANCIAL YEAR: BID No. 8/2/467/2024-2025R – AMATHOLE DISTRICT MUNICIPALITY" must be deposited in the Bid Box, at the offices of the Amathole District Municipality, Ground Floor, 15 Rees Street, Quigney, East London, 5201, not later than 11h00 on Tuesday, 17 June 2025 at which time the bids will be opened in public.
PREFERENTIAL PROCUREMENT POLICY FRAMEWORK ACT (PPPFA) POINTS WILL BE AWARDED AS FOLLOWS:
Price - 80 points
Specific Goals: 20 points
Black Youth - 7 points
Black Women - 7 points
People with disabilities - 3 points
Military Veterans - 3 points
TOTAL 100 points
BIDDERS SHALL TAKE NOTE OF THE FOLLOWING BID CONDITIONS:
[a] The Amathole District Municipality Supply Chain Management Policy will apply;
[b] The Amathole District Municipality does not bind itself to accept the highest point scorer or any other quotation and reserves the right to accept the whole or part of the quotation;
[c] Bids which are late, incomplete, unsigned or submitted by facsimile or electronically, will not be accepted.
[d] Price(s) quoted must be valid for at least thirty (30) days from date of your offer.
[e] Price(s) quoted must be firm and must specify whether inclusive of VAT (if a VAT vendor).
[f] For all transactions your tax reference number/pin at SARS must be furnished.
[g] Successful bidders will be required to register as a supplier/service provider on the National Treasury’s Central Supplier Database, if not already registered.