Quotations are hereby invited for the following: Provision of debt collection and recovery processes of the Gauteng Enterprise Propeller (GEP). Scope: appointment of a suitable service provider/consultant/law firm to conduct a review on debt collection and recovery processes of the Gauteng Enterprise Propeller (GEP). The prospective service provider shall assist GEP’s management and oversight committees with the following: • Assess the adequacy and effectiveness of the existing debt collection and recovery processes including legal processes and securities in place, in line with the applicable laws and regulations and internal policies and procedures; • Identify gaps and weaknesses on the debt collection, legal and recovery processes and provide recommendations that will strengthen the internal controls, improve collections, and prevent debtors from prescribing; • Assess the efficiencies of Debt Management, Legal and Post Investment divisions in relation to the debt collection and recovery processes; • Review the adequacy and effectiveness of the Debt Management, Financial Support and Post Investment policies and Standard Operating Procedures (SOPs); • Assist management in designing and implementing effective and efficient additional controls; • Recommend corrective measures in line with Disciplinary Code of Conduct for the responsible persons for debtors prescribing; • Review the adequacy and effectiveness GEP’s impairment methodology and write-off policy in line with nature of business operations and best practice; • Review the effectiveness of the External Debt Collectors (ECDs) and recommend effective ways of debt collection; • Review whether the Legal Services, Debt Collection and Post Investment units are adequately capacitated to fulfil the mandate (skills and experience) and; • Review the effectiveness of Post Investment unit, policies including the effectiveness of post investment visits in line with policies and best practice.
10 August 2023 11H00
FQ- DEBT COLLECTION AND RECOVERY PROCESSES OF THE GAUTENG ENTERPRISE PROPELLER (GEP)
For further information, specifications and documents, please visit the following website: https://www.gep.co.za/public-notices/tenders/
E-mail address for submission of quotes [email protected]. All quotation received after closing time and date will not be considered.
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