TENDER NOTIFICATION

Ref: RFQ/FIN/003/2022
Title: Appointment of a Panel of Debt Collectors to Institute Recovery Proceedings for the Recovery of Outstanding Amounts Owed to Komatiland Forests Soc Ltd (KLF) for a Period of Five (05) Years
Issuer: South African Forestry Company SOC Limited
Issue date: 06-07-2022
Sector: Debt Collection Services
Closing date: 15-07-2022
Closing time: 12:00
Compulsory briefing: No Detail

Description: Appointment of a panel of debt collectors to institute recovery proceedings for the recovery of outstanding amounts owed to Komatiland Forests Soc Ltd (KLF) for a period of five (05) years.
Tender number: RFQ/FIN/003/2022
Closing date: 15-07-2022
Closing time: 12:00
Compulsory briefing: No Detail
Evaluating principle: No Detail

Scope of work:
– It is against the foregoing background that KLF requires the services of debt collectors to recover these funds.
– The debt collectors should have a firm grasp of commercial law knowledge and experience in the law of contract; with minimum recovery experience of 5 years.
– The company must be registered with The Council of the Debt Collectors: The Act provides for the exercise of control over the occupation of debt collectors and legalizes the recovery of fees or remuneration by registered debt collectors. The overall goal with the Act is to transform the debt collection system in South Africa by monitoring the conduct and professionalism of debt collectors and promoting a culture of good governance within the profession, thus contributing to protecting the public at large, as well as creditors. The Council for Debt Collectors exercise control over the occupation of debt collectors.
– The reimbursement will be based on the provision of recovery of debt at an appropriate approved upon percentage.
– The panel will be appointed for 5 years.

Contact
Submissions: Lufuno Mudau: (Tel) 012 436 6300 (Email) RFQCentralNSP@safcol.co.za

Remarks
For further information, specifications, and documents, please visit the following website: https://www.safcol.co.za/opportunities/procurement-opportunities/

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