SNK Capital awarded E22 m EWSC tender
MBABANE – SNK Capital Investments (Pty) Ltd has been enlisted as the best-evaluated tenderer for an Eswatini Water Services Corporation (EWSC) tender.
ESWC was looking for a contractor to supply and deliver electromagnetic water metres, and Fraser Control Solutions Swaziland (Pty) Ltd and SNK Capital Investments (Pty) Ltd were the only companies that showed interest in the tender.
When evaluated, EWSC stated that Fraser Control Solutions Swaziland (Pty) Ltd passed both the preliminary and technical evaluations; however, their price was not competitive. Fraser Solution’s bid price was E28 507 930.
ESWC further enlisted SNK as the best evaluated, with a bid price of E22 450 000.
The above-mentioned was published by the procurement regulating authority, the Eswatini Public
NAME
SNK Capital Investments (Pty) Ltd
Fraser Control Solutions Swaziland (Pty) Ltd
Procurement Regulatory Agency (ESPPRA) on their website.
The intention to award the company was published yesterday, and if it is not contested, they are expected to begin executing it after 10 working days.
As the requesting entity, ESWC was also in charge of the procurement of the tender as well as its approvals.
EWSC requested unsuccessful bidders to apply for review with the agency within 10 working days.
“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,” said the EWSC.
Meanwhile, at least E273.1 million is owed to the Eswatini Water and Services Corporation (EWSC) by its customers.
Entity
COMMENT
Best evaluated tender.
The bidder passed both the preliminary and technical evaluations; however, their price was not competitive.
The Manzini Region has the largest amount owed to the entity, as it stands at E134 million, while the Hhohho Region owes E80 million. Lubombo and Shiselweni owe E34.5 million and E24.6 million, respectively.
This is contained in the entity’s annual report for the financial year ended March 31, 2022, which was tabled in Parliament on Wednesday.
The Manzini Region’s debtors increased from E96 million in 2021 to E134 million in the current financial year, reflecting an increase of 40 per cent. As reflected in the report, residential and government accounts were the major contributors to the debtor’s book. It was also revealed that the escalating debt book was compounded by the IT system
Tbreach that was experienced by the organisation in June-July 2021 and negated the issuance of customer bills, consequently affecting revenue collection. “A significant number of customers, especially commercial customers, could not process payments without corresponding invoices. This also affected the region’s ability to implement disconnections for non-payment. As part of the initiatives to manage debt, the region intensified the disconnection of all-consuming accounts with long outstanding balances,” reads the report.
Report
In the Hhohho Region, the report states that the total debtors as of the end of the financial year were E80 million and the collection ratio averaged 90 per cent. It was revealed in the report that to manage and reduce debtors, some initiatives were implemented, which included metre reading and metre disconnector staff adequacy analysis, engagements of two temporary metre disconnectors, a trolley dash, a major disconnection exercise, and know your customer (KYC) updates.
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