Extended Title: 
Calling for tenders for the raising of a long term loan

Tender Summary
George Municipality
Tender reference: 
Financial Services
Closing Date: 
Monday, October 16, 2017 - 12:00
Issue Date: 
Wednesday, September 13, 2017 - 15:15
Western Cape

Tender Description

Calling for tenders for the raising of a long term loan

Tender number: FIN012/2017

Closing date and time: Monday, 16 October 2017 at 12:00

In terms of Section 46 of the Municipal Finance Management Act, 2003 (Act No 56 of 2003) read with Section 83 of the Municipal Systems Act, 2000 (Act No 32 of 2000) tenders are hereby invited from banks or other financial institutions for the financing to fund the Capital Assets of Council by means of an external loan amounting to
R19,9 million for 2017/2018.

The type of loan will be a long term loan, finance lease, or hire purchase agreement over a five to ten year period. The final rate will be fixed once the terms and conditions have been approved by Council.

Tender documentation including the specifications can be obtained, at a nonrefundable deposit of R196-00 (VAT included), from the office of the Supply Chain Management Unit, 1st Floor, Finance Directorate, Civic Centre, York Street, George.
The tender document is also available on the George Municipality’s website:
www.george.org.za, free of charge.

Any enquiries in this regard can be directed to Mrs Magda Meyer and / or Mr Leon Wallace at telephone number (044) 801 9035.

Tenders will be evaluated and adjudicated in terms of the Preferential Procurement Policy Framework Act (Act 5 of 2000) Regulations 2017 and the George Municipality’s Supply Chain Management Policy, where 80 points will be scored for price and 20 points for B-BBEE status.

Completed tenders in a sealed envelope, clearly marked: Tender No. FIN012 of 2017 must be placed in the tender box at the George Municipality on the First Floor, Directorate: Financial Services, Supply Chain Management, York Street, George by no later than 12:00 on Monday, 16 October 2017. Tenders will be opened on the same day in the Committee Room at 12:05. Late or unmarked tenders will not be considered. No posted tenders or tenders per fax or e-mail will be accepted.

The Municipality reserves the right to withdraw any invitation to tender and/or to readvertise or to reject any tender or to accept a part of it. The Municipality is not bound to accept the lowest or any tender. The successful institution will be required to enter into a loan agreement with the Municipality.

see: http://www.george.gov.za/sites/default/files/documents/ADVERT%20FIN012%2...

Title Closing Date Tender No.
Emptying of Septic Tanks at Soetwater Resort 2017-11-30 14:00 SB11800481
Supply, delivery and printing services for a period of 24 months as and when required 2017-12-21 11:00 LNM079/2017/18
Appointment of A Service Provider For Printing Of Municipal Accounts For 36 Months For The City Of Mbombela 2017-12-07 11:00 162/2017
Appointment Of A Service Provider For Automated Electricity Meter Reading Services For 36 Months for The City Of Mbombela 2017-12-07 12:00 163/2017
Appointment Of A Service Provider For Enforcement Of Credit Control Measure And Indigent Management Services For The City of Mbombela 2017-12-07 11:00 161/2017
Supply and delivery of Mildsteel Galvanised Tee Bolts and Nuts at Withoogte 2017-11-29 12:00 6/5/2/321
Appointment Of A Service Provider For Meter Reading Services For The City Of Mbombela 2017-12-07 11:00 175/2017
Data Centre Maintenance and Repairs of Air Conditioning System 2017-12-07 11:00 RFP 129
Appointment of a service provider for assessment and valuation of the Legacy Rehabilitation liability cost 2017-12-08 11:00 ALEX RFP 4/2017/2018
Design, Provision and Management of a Wide Area Network for the Eden District Municipality 2017-12-08 11:00 E/04/17-18
Repair to Infrastructure in Tergniet – Stairs at Tidal Pool Kus Road 2017-12-08 12:00 49-17/18
Supply and delivery of tyres (one year contract). 2017-12-08 12:00 SCM/INFR13/2017/2018
Supply and Delivery of a Grader 2017-12-08 12:00 SCM/INFR12/2017/2018
Compilation of the 2017/2018 GRAP Compliant Financial Statements 2017-11-23 13:45 SCM/FS06/201/2018
Port Engineering - Smart Peoples Port Study 2017-12-12 12:00 PEH 135/VB
Port Engineering - Dredging of Small Craft Areas 2017-12-12 12:00 PEH 134/VB
Appointment of a suitable service provider for the training of 25 beneficiaries in basic bookeeping for a period of 12 months 2017-11-29 11:00 7Z - 35406
The construction of 50 sow piggery for Intandela multipurpose and project cooperative at Goodhome under Ntabamhlophe area in ward 14 of Inkosi Langalibalele Local Municipality under Uthukela District Municipality in the Kwazulu-Natal province 2017-12-14 11:00 SS-KZN 7/1/6/3 (642) 000R
Implementation of GRAP 12;16 and 17 assets register for a period of a period of three years 2018-01-02 12:00 SCM/FS05/2017/2018
Construction of Sewer Lines Tarka Mossel Bay 2018-01-12 12:00 45-17/18


Functionality and Tenders

In all competitive bids (tenders) you as the bidder will have to respond to Functionality. You will need to score a set minimum number of points, measured as a percentage, on Functionality of a competitive bid (tender) in order to advance to the next phase of evaluation in the tender process.

Usually Organs of State evaluate competitive bids (tenders) as follows:

  • The tender response is evaluated on Functionality where the bidder must score points out of a maximum of 100 points.
  • A threshold of between 65 to 75 out of 100 points... Read More
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