• Addis Ababa
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Ambasel Trading House PLC

Reporter Nov29,2020

INVITATION TO BID

CONSULTANCY SERVICE FOR

VALUATION OF FIXED ASSETS

BID NO: (ATH/FD/001/2020)

Ambasel Trading House plc. Invites interested, qualified, and competent consulting firms/companies/ for valuation of the company’s fixed assets.

Consultants are expected to do the following activities:

  •  The consultant conducts the valuation work in a manner that meets the requirements of the International Financial Reporting Standards (IFRS).
  • The consultants shall identify the resource requirements for the valuation work as well as the expected/ anticipated challenges during the valuation process and present same to the management team for proactive measures prior to the start of the work.
  • The consulting firm/company shall undertake to perform the asset valuation service with the highest professional standards, ethical competence, integrity and the valuation is expected to be in the standards of International Valuation Standard (IVS)._
  • Certificate of professional competence issued by a recognized body having a legal mandate to give such certification;
  • Authorization by the Accounting and Auditing Board of Ethiopia to value fixed assets.

Requirements to be fulfilled by the prospective bidder;

  • Certificate of professional competence issued by a recognized body having a legal mandate to give such certification;
  • Authorization by the Accounting and Auditing Board of Ethiopia to conduct asset valuation
  • Trade license renewed for the year 2012 E.C
  • Taxpayers registration certificate and/or VAT registration certificate as may be appropriate;

An interested firm who wish to participate can:

  •  Collect the bid document from Ambasel trading House PLC (REFER ADDRESS BELOW) Finance department by paying a non-refundable fee amounting ETB 50.00 starting from November 30, 2020
  •  Submit the TECHNICAL and FINANCIAL Proposal in a separate sealed envelope with ETB 10,000.00 (Ten thousand) bid security CPO or unconditional bank guarantee on or before December 16, 2020, 10:00 AM in the morning (closing date and time).
  • Bid opening date December 16, 2020, at 10:30 AM in the presence of bidders or their legal representative
  •  Address: Addis Abeba, Wollo sefer, ethio- China friendship road, Ambasel Building, 5th floor, Addis Ababa, Ethiopia. Tele: 0114666668/0114666145/0114666290 Fax 0114666257 Po.Box 12617 Note:
  • Bidders can ask for clarification by calling on the above-indicated telephone number or coming to our office in person.
  • Ambasel Trading House plc reserves the right to accept or reject any or all bids.

Please refer our website:

www.ambaseltrading.com.et .