Service Provider: Provide External Audit Services

THE SOUTH AFRICAN COUNCIL for the QUANTITY SURVEYING PROFESSION

Established in terms of the Quantity Surveying Profession Act 49 of 2000

SOUTH AFRICAN COUNCIL FOR THE QUANTITY SURVEYING PROFESSION (SACQSP)

REQUEST FOR PROPOSAL (RFP)

Appointment of a Service Provider to Provide External Audit Services

The South African Council for the Quantity Surveying Profession (SACQSP), a statutory body established under the Quantity Surveying Profession Act (Act No. 49 of 2000), seeks to appoint a suitably qualified, experienced and registered audit firm to provide external audit services for a three year period.

RFP No.: SACQSP/2026/005

Prospective bidders should access more information and relevant documents via the link below:

https://www.sacqsp.org.za/page/PublicTenders

Submission details:

• Closing Date & Time:               1400 hrs: 8 April 2026
• Delivery: Proposals must be submitted electronically to [email protected] or hand-delivered to: Office C, Cash Converters building, 22 Mac Mac Road, Waterfall Office Park, Vorna Valley, Midrand.
• Enquiries: Highlands Mhako  Email: [email protected]   Tel: 011 054 8300

Issued by:
The South African Council for the Quantity Surveying Profession (SACQSP)
Web: http://www.sacqsp.co.za

REQUEST FOR QUOTATION /REQUEST FOR PROPOSAL
Provision of External Audit Services
South African Council for the Quantity Surveying Profession (SACQSP)

1. Purpose of the RFQ/RFP
The purpose of this RFQ/RFP is to invite proposals from registered audit firms to conduct
annual external audits for a period of 3 years effective April 2026.

2. Background
The South African Council for the Quantity Surveying Profession (SACQSP), a statutory
body established under the Quantity Surveying Profession Act (Act No. 49 of 2000), seeks to
appoint a suitably qualified, experienced and registered audit firm to provide external audit
functions.

3. Scope of Work
The appointed service provider will be required to conduct:
3.1 Financial Statement Audit
 Examining balance sheets, income statements, and cash flow statements
 Ensure financial statements reflect a true and fair view
 Verifying accuracy of accounting records

3.2 Compliance Audit
 Checking compliance with laws, regulations accounting standards
 Ensure tax compliance and industry regulations are followed

3.3 Internal Control Evaluation
 Reviewing internal control systems
 Identify weaknesses in controls
 Recommending improvements to reduce fraud and errors

4. Fraud Detection and Prevention
 Assessing risk of fraud
 Investigating suspicious transactions
 Reporting fraud if detected
 Recommend mitigation plans to prevent fraud

5. Verification of Assets and Liabilities
 Physically verifying assets like cash and inventory
 Confirming receivables and payables
 Ensuring assets and liabilities are properly valued

6. Audit Planning and Risk Assessment
 Understanding the client’s business and environment
 Identifying high-risk areas
 Designing audit procedures accordingly
7. Reporting and Communication
 Issuing of the audit report
 Expressing an opinion on financial statements
 Communicate findings to management and stakeholders
8. Advisory and Assurance Services
 Providing assurance on non-financial information
 Advising on accounting treatments (without compromising on independence)
9. Minimum Requirements
 Proven track record (minimum 5 years) in providing External Audit services.
 Qualified audit partners and staff
 Working knowledge of the PFMA
 Knowledge of Membership IT systems

 Ability to establish acceptable financial management protocols
 Experience working with professional bodies or public entities will be advantageous.
 Registration with relevant professional body(ies).

10. Evaluation Criteria
Proposals will be evaluated as follows:

Criterion Weight
Company profile, experience & references 30%
Proposed methodology and approach 25%
Qualifications and experience of key personnel 20%
B-BBEE status level 10%
Price (retainer proposal & hourly rates) 15%

11. Submission Requirements
Interested service providers must submit the following:
 Company profile and relevant experience.
 Detailed proposal addressing scope of work and deliverables.
 Three (3) contactable references.
 B-BBEE certificate or affidavit.
 Pricing schedule for the 3 years’ engagement period.
 Tax clearance certificate / PIN.

9. Submission Details
 Closing Date: 1400 Hrs: 8 April 2026
 Delivery: Proposals must be submitted electronically to [email protected] or hand-delivered to: Office C, Cash Converters building, 22 Mac Mac Road, Waterfall
Office Park, Vorna Valley, Midrand.
 Enquiries: Highlands Mhako
Tel: 011 054 8300

10. General Conditions
 SACQSP reserves the right not to appoint any service provider.
 Late submissions will not be considered.
 All costs incurred in the preparation of the proposal will be for the service provider’s
account.

 The successful service provider will be required to sign a Service Level Agreement
(SLA) with SACQSP.