APPOINTMENT OF SERVICE PROVIDER TO PERFORM AGREED UPON PROCEDURES ON THE SHORT-TERM INCENTIVE (STI) REVIEW PROCESS OVER A PERIOD OF 3 YEARSClosed

Overview

RFQ for external assurance services to perform ISRS 4400 Agreed Upon Procedures on Rand Water’s Short-Term Incentive (STI) review for 3 financial periods. Suitable bidders are external assurance providers with ISRS 4400 experience in remuneration/incentives, plus capacity for a 3-year engagement; must have data analytics capability (SQL or equivalent) and a qualified team (CA(SA), CIA) with governance/Risk/Compliance experience. The award target is a single supplier; estimated 200 hours per year.

Requirements

• Demonstrated experience in agreed-upon procedures / ISRS 4400 related to remuneration or incentive schemes. Provide relevant reports from the last 2 years.
• Human Resource Capacity: minimum 5–10 years in Governance, Risk, Compliance and AUP engagements; team to include CA(SA), CIA.
• Resource and Technology: access to data analytics tools (SQL or equivalent).
• Work Breakdown / Schedule / Project Programme: clear WBS, schedule, and delivery dates aligned with contract.
• B-BBEE: SANAS-accredited certificate or sworn affidavit for EMEs/QSEs (or dtic certificate); ability to score under the 80/20 framework.

Minimum threshold: responses must meet 70% to progress.

How to Apply

• Submission deadline: 21 July 2026 by 16:30. Submissions after this time will not be considered.
• Submission method: via email to sgovend@randwater.co.za. (see attached RFQ document RWSCM00016F-Rev10-RFQ 10419459-ExternaAssuranceProvider-AgreedUponprocedures_20260703082609.126_X (002).docx)
• Documents to submit: official forms (not re-typed), completed SBD 4, Company Resolution Letter; B-BBEE documentation (SANAS certificate or sworn affidavit for EMEs/QSEs or dtic B-BBEE certificate); pricing schedule; returnable documents used for scoring.
• Pre-qualifications: provide Tax Compliance details and CSD registration where applicable.
• Briefing session: N/A.
• Clarifications/Addenda: Rand Water will issue clarifications or addenda and may extend the closing date by at least 1 calendar day before closing.
• Where to obtain bid documents: the RFQ text in the attached document; see RWSCM00016F-Rev10-RFQ 10419459-ExternaAssuranceProvider-AgreedUponprocedures_20260703082609.126_X (002).docx.