DocumentOngoingPublication

Ekurhuieni Housing Company publication

Ekurhuieni Housing CompanyRef: https://ehco.org.za/wp-content/uploads/2024/06/Assests-disposal-Specification-final-vers.pdf

Official source

Source domain: ehco.org.za

Collected on 13 July 2026

Always confirm details on the official source before acting.

What this means

This document is a specification/request to invite auctioneers to submit proposals for an expression of interest to dispose of unserviceable and obsolete assets (including a vehicle, computer equipment, furniture, and scrapped items) at Ekurhuleni Housing Company (EHC). It sets out requirements for auction marketing, advertising approvals, asset inspection/listing, security/insurance, payment timelines, and a fee structure, including a 10% bank guarantee and professional indemnity insurance of R1 million. It also lists minimum bidder requirements, required documents (with disqualification for missing documents), and a preferential procurement specific-goal scoring table (e.g., HDI, women ownership, job creation, within Ekurhuleni, disability).

What this document offers

Read out of this document by Govermate's AI, in its own words. Each one quotes the line it came from — confirm on the official source before acting.

public auction contract opportunityOngoing

Expression of Interest to Conduct Public Auctions for Disposal of Unserved and Obsolete Assets

Auctioneers may submit a proposal to conduct public auctions for the disposal of unserviceable and obsolete assets, including vehicles, computer equipment, furniture, and scrapped items, on behalf of Ekurhuleni Housing Company. The process includes marketing, advertising, asset inspection, security coordination, and payment of proceeds.

Who it is for: experienced auctioneers with SAIA or SAPAA membership, financial capacity, and 1 year of operational experience
How to act on it: Submit a complete proposal package including bank guarantee, insurance proof, advertising budget, and evidence of compliance with specific goals (HDI, women ownership, job creation, etc.) to Ekurhuleni Housing Company

Facts

Places

Ekurhuleni, Gauteng

Reference

https://ehco.org.za/wp-content/uploads/2024/06/Assests-disposal-Specification-final-vers.pdf

Amounts

R 1 000 000

Key Takeaways

Request to invite auctioneers to submit proposals (expression of interest) for disposal of unserviceable/obsolete assets at Ekurhuleni Housing Company
Assets include unserviceable/obsolete vehicle, computer equipment, furniture, and scrapped items
Auction marketing/advertising costs borne by auctioneer and reimbursed after EHC receives proceeds
All marketing material must comply with Consumer Protection Act No 68 of 2008 regulations 19(1-4) and 20(1-19)
Auctioneer must submit advertising budget to EHC for approval before advertising; advertisements must be in English
Auctioneer must provide proof of approved advertisements (preferably colour copy)
Auctioneer must provide bank guarantee equal to 10% of estimated proceeds for each auction
Professional indemnity insurance coverage required: R1 million within 14 days after award
Security presence: auctioneer must arrange security and/or EMPD at auction sites; EHC bears the costs
Dispatching of assets must be within 14 days from auction date; otherwise storage costs charged to auctioneer/buyer (storage costs levied if not dispatched within 14 days)
Successful auctioneer must pay gross proceeds (excluding advert costs, commission, VAT) to EHC within 14 working days and include reconciliation statement
No subcontracting/ceding of auctioneering service allowed
Minimum requirements: 1 year experience; financial ability proof; SAIA or SAPAA membership; one contactable reference
Disqualification if required documents are not submitted with the bid
Specific goal points: HDI 10 pts; women ownership 3 pts; job creation 3 pts; within Ekurhuleni 2 pts; disability 2 pts; evidence must be submitted at bid closure and be valid
Ekurhuleni Housing Company (EHC)
Ekurhuleni Metro Police Department (EMPD)
EHCEXCO
Consumer Protection Act No 68 of 2008
South African Institute of Auctioneers (SAIA)
South African Professional Auctioneers Association (SAPAA)