RFP for co-sourcing internal audit services to review IDC and group annual financial statements. Bids due 18 November 2026 at 11:00 AM via SharePoint portal. Validity 120 days. Evaluation: functionality (70% pass mark), then price (80) and specific goals (20). Requires relevant experience, methodology, qualified team, and knowledge transfer plan. Tax compliance and B-BBEE certificates required. Enquiries by 11 November 2026.
The service provider shall complete the assignment, including all required deliverables, by 31 May 2027. shall complete the assignment, including all required deliverables, by 31 may 2027.
Payments will be linked to specified deliverables after such deliverables have been approved by the IDC, and made within 30 days from date of invoice. payments will be made within 30 days from date of invoice.
The contract will be awarded to the bidder scoring the highest points, with price (80) and specific goals (20) after passing functionality. this contract will be awarded to the bidder scoring the highest points
Bidders must demonstrate relevant experience in review and/or assurance of IFRS compliant group financial statements, including IFRS 9, with at least three references. the bidder must provide minimum of three 3 independent, contactable references
Bidders must notify IDC procurement within five days after publication if functional requirements are not open and fair. must notify idc procurement within five 5 days after publication of the rfp.
Bids can be disqualified for non-compliant tax status, incomplete information, fraudulent information, or failure to comply with mandatory requirements. bidder who submits incomplete information and documentation according to the requirements of this rfp document