PRASA Panel for Procurement and Financial Compliance Reviews

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Description

APPOINTMENT OF A PANEL OF SERVICE PROVIDERS TO PROVIDE PROCUREMENT AND FINANCIAL COMPLIANCE REVIEWS FOR PRASA FOR A PERIOD OF 5 YEARS.

What this tender is about

The Passenger Rail Agency of South Africa (PRASA) is appointing a panel of service providers to conduct procurement and financial compliance reviews. This appointment will be for a period of 5 years. PRASA is using a Request for Proposal procurement method. Interested parties must submit their proposals by 13 November 2026. The scope includes reviews related to Group Finance, such as financial statements, technical accounting, financial compliance, financial model development, and GRAP compliance. It also covers Group SCM, including reviews of irregular, fruitless and wasteful expenditure, SCM compliance, and contract management. A bidder's competency questionnaire is provided to assist in the evaluation process.

Scope of work

• Review of Annual Financial Statements, including analytical reviews, verification of accuracy, and ensuring prior-year audit findings are addressed.(Annexure B BIDDERS RATING COMPETEN..., section start)
• Technical Accounting Expertise, offering guidance on complex transactions, research on new accounting standards, and drafting technical memos.(Annexure B BIDDERS RATING COMPETEN..., section start)
• Financial Compliance Reviews, evaluating control effectiveness, recommending process improvements, conducting sub-process reviews, and developing/reviewing policies.(Annexure B BIDDERS RATING COMPETEN..., section start)
• Development of Financial Models, designing Excel-based models for forecasting, creating scenario analyses, and building automated reporting templates.(Annexure B BIDDERS RATING COMPETEN..., section start)
• GRAP Compliance Review, conducting gap analysis, reviewing accounting manuals, and verifying compliance with GRAP reporting requirements.(Annexure B BIDDERS RATING COMPETEN..., section start)
• Irregular, Fruitless and Wasteful Expenditure Reviews, assessing expenditure, compiling reports, and designing proactive detection checks.(Annexure B BIDDERS RATING COMPETEN..., section start)
• SCM Compliance Reviews, providing advisory services, performing compliance reviews against legislation and policies, and developing SCM policies.(Annexure B BIDDERS RATING COMPETEN..., section start)
• Contract Management assistance, including reviewing contract registers and commitments for completeness and accuracy.(Annexure B BIDDERS RATING COMPETEN..., section start)

Important requirements

• Bidders must complete the provided "Bidders Competency Questionnaire" to assist in the evaluation process.(Annexure B BIDDERS RATING COMPETEN..., section start)
• The questionnaire requires clients to rate the bidder based on services provided, with a scoring system from 0 to 5.(Annexure B BIDDERS RATING COMPETEN..., section start)
• PRASA will contact the bidder's client to authenticate the questionnaire responses.(Annexure B BIDDERS RATING COMPETEN..., section start)
• No points will be allocated if no response is received from the bidder's client within the stipulated timeframe.(Annexure B BIDDERS RATING COMPETEN..., section start)

How to submit

• Submit proposals for the appointment of a panel of service providers to provide procurement and financial compliance reviews.

What is in the documents

• Annexure B BIDDERS RATING COMPETENCY QUESTIONNAIRE_16.09.2026.docx

  This document is a questionnaire for bidders to have their clients rate their competency in providing procurement and financial compliance review services. It outlines various service categories and a scoring system for evaluation.

Tender documents (5)

• PDFANNEXURE A APPENDICES - PRASA TENDER RETURNABLE FORMS.pdf
• DOCAnnexure B BIDDERS RATING COMPETENCY QUESTIONNAIRE_16.09.2026.docx
• PDFAnnexure C - Contract Procurement and Financial Compliance Panel.pdf
• PDFANNEXURE D - RFP Clarification Form - Procurement and Financial Compliance Reviews.pdf
• PDFMaster RFP - Procurement and Financial Compliance Reviews-.pdf

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