Jamaica - Finance consultancy services

This is a business opportunity from an overseas buyer. Pitch for the business and explain how your company meets their requirements.

A statutory body needs a Depreciation Study and Asset Valuation Report.

Details

Opportunity closing date
18 May 2022
Opportunity publication date
14 April 2022
Opportunity type
Public Sector
Industry
Financial and professional services
Enquiries received
1
Value of contract
to be confirmed
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Description

The National Water Commission (NWC) is charged with the responsibility of delivering drinkable water and wastewater services throughout Jamaica.

You will need to undertake a Depreciation Study and a valuation of its assets for financial reporting and insurance purposes.

The NWC expects to retain your services annually over 2 years to facilitate the annual updating of it's asset valuation and register.

The Depreciation Study should clearly outline recommendations on the appropriateness,
of the depreciation rates and useful lives of the NWC's assets, and the asset register. This will include any necessary modifications to be made.

The Asset Valuation report should clearly outline the assets value in use for International Accounting Standards Board (IFRS) purposes and their replacement cost for insurance purposes.

Your report should include:

- an evaluation of the current status of the NWC 's asset register
- an assessment of the treatment of depreciation for all the classes of assets on its books
- an assessment of NWC's methodological treatment of depreciation on its
book relative to what is the industry practice in other comparable jurisdictions
- an exploration of the applicability, including the advantages and drawbacks of applying the methodologies identified in the context of the relevant accounting standards
- identified and recommended modifications to the depreciation rates included in NWC 's Depreciation Schedule that are consistent with sound and prudent asset management
- recommended measures that may improve NWC 's asset register based on best practice and asset management.

Opportunity closing date
18 May 2022
Value of contract
to be confirmed
The buyer is happy to talk to
agents, consultants

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