Investment Property Valuation- Kroonstad 2026
Tender Information
- Tender Title: Investment Property Valuation
- Tender Number: 1/1/003/2025-26
- Tender Type: Request for Quotation (RFQ)
- Employer: Moqhaka Local Municipality
- Province: Free State
- Location: Kroonstad
- Tender Category: Real Estate Activities; Valuation Services
- Status: Closed
- Closing Date: 17 June 2026 at 12:00
Tender Objective
The purpose of this tender was to appoint qualified professional valuers to conduct valuations of investment properties owned by the municipality as at 30 June 2026.
The valuations are intended to determine the fair value of municipal investment properties in accordance with GRAP 16(38) accounting standards.
Scope of Work
The successful service provider would have been required to:
- Conduct valuations for 265 investment properties.
- Prepare comprehensive valuation reports.
- Determine fair values in accordance with municipal accounting policies.
- Verify property information including:
- Erf numbers
- GIS IDs
- Valuation dates
- Market values
- Submit final reports within the specified timelines.
Professional Requirements
Valuer Qualifications
Bidders were required to:
- Use independent valuers with recognized professional qualifications.
- Demonstrate recent experience in similar property valuations.
- Provide proof of at least three completed projects of similar scope.
Key Personnel
Bidders had to submit:
- CVs of key personnel.
- Professional registrations.
- Relevant qualifications and experience.
Technical Requirements
Valuation services had to comply with:
- GRAP 16(38) standards for investment properties.
- Fair value measurement principles.
- Municipal accounting requirements.
The service provider also needed to demonstrate:
- Property valuation expertise.
- Data collection and analysis capability.
- Knowledge of valuation methodologies and software.
Documentation Required
Bidders were required to submit:
- Company registration documents.
- Tax compliance status.
- Municipal rates clearance.
- CSD registration.
- B-BBEE certificate or affidavit.
- Joint venture agreements (if applicable).
- References for previous projects.
Tender Collection Information
Tender Document Fee
A non-refundable fee of R150.00 applied.
Payment Details
Bank: ABSA Bank Kroonstad
Account Number: 40-5327-4876
Branch Code: 334536
Bidder Reference: Company Name and RFQ Number
After EFT payment, proof of payment had to be emailed to:
- Email: rorisangm@moqhaka.gov.za
Tender documents could then be collected from:
SCM Offices
Magasyn Building
Corner of 11th & 12th Way
Kroonstad, 9499
Briefing Session
- Briefing Session: No
- Compulsory: No
Contact Information
Contact Person: Ms. I Mokheseng
Telephone: 056 216 9142
Email: irenem@moqhaka.gov.za
Skills and Expertise Required
Suitable bidders were expected to possess:
- Professional property valuation expertise.
- Knowledge of GRAP accounting standards.
- Strong analytical and report-writing skills.
- Experience in municipal property valuations.
- Stakeholder engagement skills.
- Property market analysis capabilities.