MAURITIUS, SA COMPANIES FOR PSPF TENDER

MBABANE – Two companies from South Africa and one from Mauritius are sharing a local tender.

The tender is for provision of actuarial valuation services at Public Service Pension Fund.  The companies were identified as Aon Hewitt from Mauritius and the duo of Qed Consultants and Old Mutual from South Africa. They had evaluated prices of E844 200, E1 030 800 and E1 391 892, respectively. Scoring highest was the Mauritian company (88.4 per cent). According to Investopedia, an actuarial valuation is a type of appraisal of a pension fund’s assets versus liabilities, using investment, economic, and demographic assumptions for the model to determine the funded status of a pension plan.

Posted

This is as per information which was posted on the Eswatini Public Procurement Regulatory Agency (ESPPRA) website late on Wednesday. The information was posted as per the dictates of Section 45 (3) (b) of the Public Procurement Act No.7 of 2011. “Following a competitive bidding process, notice is hereby given that a contract award decision has been reached by the approvals authority. “The contract award decision does not constitute a contract. All tenderers who submitted bids are hereby notified that a period of 10 working days is hereby allowed for submission of any application for review,” reads the posted information in part.

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