Provision of Commercial Property Valuation Services and Update of the GRAP-Compliant Fixed Asset Register 2026
Tender Details
- Tender Number: MTVET-FIN-TOR-PropValServices-001
- Institution: Maluti TVET College
- Tender Type: Request for Quotation (RFQ)
- Province: Free State
- Location: Corner of High and Broster Streets, Bethlehem, 9700
- Closing Date: Tuesday, 27 October 2026
- Closing Time: 11:00
- Briefing Session: Monday, 19 October 2026 at 10:00
- Briefing Platform: Microsoft Teams (online)
- Briefing Attendance: Not compulsory
- Tender Category: Asset Management, Fixed Asset Registers, GRAP Compliance, Real Estate and Valuation Services
Tender Overview
Maluti TVET College seeks to appoint qualified professionals to conduct independent valuations of its commercial properties and update its existing Fixed Asset Register.
The appointed service provider will be expected to ensure that property valuations and asset records are accurate, properly supported and aligned with the applicable public-sector accounting requirements.
Scope of Work
The successful service provider will be responsible for the following activities:
- Conduct market valuations of college-owned land and commercial buildings.
- Apply recognised valuation methodologies in line with GRAP 17 and International Valuation Standards.
- Review, verify and reconcile the existing Fixed Asset Register.
- Update asset values, depreciation schedules and asset descriptions as required.
- Identify discrepancies between property information and existing financial records.
- Prepare detailed property valuation reports.
- Deliver a reconciled, audit-ready Fixed Asset Register supported by appropriate documentation.
Minimum Requirements and Qualifications
According to the supplied tender summary, bidders should meet the following requirements:
- Be registered on the Central Supplier Database (CSD).
- Have compliant tax status with the South African Revenue Service (SARS).
- Be actively registered as a Professional Valuer with the South African Council for the Property Valuers Profession (SACPVP) in the commercial category.
- Have at least five years of practical valuation experience, including public-sector assignments involving GRAP compliance.
- Submit all mandatory Standard Bidding Documents specified in the tender documentation.
The listed SBD forms are:
- SBD 1
- SBD 3.3
- SBD 4
- SBD 6.1
- SBD 8
- SBD 9
Bidders should verify the exact forms and supporting documents required in the official RFQ.
Technical Skills and Expertise
The appointed service provider should demonstrate the ability to:
- Apply GRAP 17 and International Valuation Standards to public-sector assets.
- Conduct commercial property valuations using appropriate market comparison, income and cost approaches.
- Reconcile physical asset information with financial records.
- Review depreciation calculations and fair value adjustments.
- Maintain accurate asset data and prepare supporting documentation for external audits.
- Comply with public procurement requirements and professional valuation standards.
Understanding GRAP-Compliant Asset Management
GRAP 17 provides accounting guidance for property, plant and equipment within the public sector. Compliance helps ensure that assets are properly recognised, measured and disclosed in financial statements.
A GRAP-compliant Fixed Asset Register records relevant asset information, including descriptions, acquisition details, useful lives, depreciation and valuation information, supported by appropriate evidence.
The SACPVP is the professional regulatory body for property valuers in South Africa. Registration in the relevant professional category is an important requirement for eligible valuation practitioners.
How to Obtain the Tender Documents
The tender is listed on the South African government’s eTenders portal.
Website: https://www.etenders.gov.za
Search using tender number MTVET-FIN-TOR-PropValServices-001 to locate the opportunity and access the available documentation.
Enquiries
For further information regarding the tender, contact:
Contact Person: Olivia Nel
Email: nel.o@malutitvet.co.za
Telephone: 058 303 1732