Bids are invited from suitably qualified, capable and experienced bidders for the Compilation of GRAP compliant Asset Register. The scope of work is as follows: • Obtain and review the existing Property, Plant & Equipment (PPE) assets register and ensure correctness and completeness thereof in line with the relevant GRAP standards; • Gather and analyses available support documentation of previous years’ audits and list audit findings related to assets and actions to be followed to address findings; • Define asset classification at component level as per mSCOA hierarchy as per the latest chart; • Verify all immovable assets; • Verify all movable assets (inventory list to be provide for every office) and compilation of list of redundant assets for disposal; • Document condition assessment assumptions for all assets; • In line with the provisions of the GRAP standards, review the expected useful lives (EUL) and remaining useful lives (RUL) and impairments of all assets annually; • Unbundling (componentization) of all completed infrastructure assets and any other asset of the municipality that may have been omitted from the asset register using fair value adjustment method; • Spatially link all assets into Geographic Information System in Planet GIS format (as currently used by Municipality); • Acquire deeds of all properties in municipal jurisdiction area to update land and investment property register; • Prepare investment properties register in accordance with the requirements of GRAP 16; • Perform assessment and disclosure for Heritage Assets; • Calculation of provision for Landfill restoration according to GRAP 19 and attend to audit queries; • Annually update work in progress register (WIP) will all supporting schedule and invoices; • Prepare appendix B & C as per the prescribed Annual Financial Statements format; • Annually review and update the asset management policy to ensure GRAP compliance; • Provide the supporting documents and the methodology used for all the adjustments made to Land Asset Management Policy and Asset Register.; • Prepare methodology documentation and present to Auditor General; • Assist municipality with responding to audit queries related to assets; and • Transfer of skills to municipal resources. (Tender №83611365)