Always confirm details on the official source before acting.
What this means
This document is a Request for Proposal (RFP) from the Industrial Development Corporation (IDC) for the appointment of a panel of auctioneers to conduct the online sale of distressed assets and debtors on an ad-hoc basis. It sets out bid submission requirements, including an electronic-only submission by email to tenders@idc.co.za, and specifies a bid closing date of 8 March 2023 at 11:00 AM. It also describes bid validity (120 days), enquiry deadlines (27 February 2023 at 16:00), evaluation and disqualification conditions, and post-award requirements such as concluding a Service Level Agreement (SLA).
Facts
Reference
T11/02/23
Key Takeaways
RFP reference: T11/02/23
Subject: Appointment of a panel of auctioneers for online sale of distressed assets and debtors (ad-hoc basis)
Bid closing date/time: 8 March 2023 at 11:00 AM
Enquiries deadline: 27 February 2023 at 16:00
Bid validity period: 120 days from bid closing date
Submission method: electronic only; email to tenders@idc.co.za
Disqualification: late bids, wrong email address, non-standard/unaccessible file formats, missing/incomplete schedules, non-tax-compliant status
Post-award obligation: conclude a Service Level Agreement (SLA) with IDC and provide performance scorecard
Industrial Development Corporation of South Africa Ltd (IDC)
