The Industrial Development Corporation (IDC) is seeking proposals for a panel of independent valuers for its unlisted investments and for the establishment and ongoing support of a board-level valuations committee. The closing date for submissions is August 7, 2026, at 11:00 AM. Bids must be submitted electronically to a specific SharePoint link. The evaluation process includes initial screening, technical functionality assessment (minimum 70% score required), and a preference point system (80% for price, 20% for specific goals like black ownership). The contract will be awarded to the highest scoring bidder, unless objective criteria justify otherwise. Bidders must comply with tax requirements, provide BEE certificates or affidavits, and disclose any conflicts of interest. The contract duration is three years on an as-and-when-required basis.
The closing date for the submission of bids is 07 August 2026 not later than 11h00 am before midday. The closing date for the submission of bids is 07 August 2026 not later than 11h00 am before midday.
Payments will be made within 30 days from the date of invoice, linked to specified deliverables after approval by the IDC. Payments will be made within 30 days from date of invoice.
The contract will be awarded to the bidder scoring the highest points, unless an objective criterion justifies awarding to another bidder. The contract will be awarded to the bidder scoring the highest points unless an objective criterion justifies the award of the tender to a bidder other than the highest scoring bidder.
Bidders must meet mandatory functional requirements and achieve a minimum qualifying score of 70% for functionality. The minimum qualifying score for functionality is 70%.
If a bidder believes the functional requirements are not open/fair, they must notify IDC Procurement within five days after publication of the RFP. Should a bidder have reason to believe that the functional requirements are not openfair andor are written for a particular service provider the bidder must notify idc procurement within five 5 days after publication of the rfp.
Disqualification may occur for non-compliant tax status, submitting incomplete or fraudulent information, receiving information through fraudulent means, failing to comply with mandatory requirements, or if the prime contractor holds a lower contract value percentage than subcontractors. The idc reserves the right to disqualify any bidder which does any one or more of the following. . .