Request for Quotation (RFQ) Independent Valuation of Fixed Assets

Background

Rwanda Girls Initiative (RGI) is a non-profit organization founded in 2009 with the mission of educating and empowering Rwandan girls to reach their highest potential. RGI operates Gashora Girls Academy of Science and Technology (GGAST), a leading secondary school dedicated to academic excellence and leadership development.

RGI, together with its subsidiary RGI Business Group Ltd, invites qualified and reputable valuation firms registered in Rwanda to submit quotations for the independent valuation of all fixed assets owned by the entities.

The assignment is intended to strengthen financial integrity, ensure accuracy of asset records, and provide independently verified asset values for financial reporting and statutory audit purposes.

Objective of the Assignment

The objective of this engagement is to:

• Establish independently verified fair values of all fixed assets
• Conduct physical verification and reconciliation of assets
• Update and clean the fixed asset register
• Provide reliable opening balances for future financial periods
• Strengthen internal controls over asset management

Scope of Work

The selected firm shall undertake a comprehensive valuation of all fixed assets belonging to RGI (GGAST) and RGI Business Group Ltd, including but not limited to:

• Land
• Buildings and structures
• Furniture, fixtures, and office equipment
• ICT equipment
• Laboratory and educational equipment
• Vehicles
• Any other capitalized tangible assets

The assignment shall include:

• Physical verification of assets at all operational sites
• Reconciliation of physical assets to the existing fixed asset register
• Assessment of the condition and useful life of each asset
• Fair value determination in accordance with International Valuation Standards (IVS)
• Identification of obsolete, damaged, or non-existent assets
• Preparation of a formal valuation report suitable for statutory audit purposes, financial reporting, and internal governance

Deliverables

Deliverables section continues in original document.