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| Bid Classification: |
Services
|
|---|---|
| Bid Type: | RFP |
| Bid Number: | RFP-2022-FIN-049 |
| Bid Name: | Request for Proposals for PSAB 3280 - Asset Retirement Obligations |
| Bid Status: | Awarded |
| Bid Awarded Date: | Wed Oct 5, 2022 (MDT) |
| Bid Closing Date: | Thu Sep 22, 2022 2:00:00 PM (MDT) |
| Question Deadline: | Thu Sep 15, 2022 12:00:00 PM (MDT) |
| Electronic Auctions: | Not Applicable |
| Language for Bid Submissions: | English unless specified in the bid document |
| Submission Type: | Online Submissions Only |
| Submission Address: | Online Submissions Only |
| Public Opening: | No |
| Description: |
The City is required to identify its liabilities and obligations for the retirement of tangible capital assets in accordance with the Public Sector Accounting Board’s PSAB 3280 – Asset Retirement Obligations. As per PSAB 3280, a liability for an asset retirement obligation shall be recorded when there is a public entity that has a legal obligation to incur retirement costs in relation to a tangible capital asset it controls resulting from its acquisition, construction development, or normal use, regardless of whether the asset is in productive use or no longer in productive use. A qualified proponent is required to provide the City with information and detailed documentation necessary to be compliant with PSAB 3280 for the 2023 fiscal year and future years. |
| Bid Document Access: | Bid Opportunity notices and awards and a free preview of the bid documents is available on this site free of charge without registration. Please note, some documents may be secured and you will be required to register for the bid to download and view the documents. There is no cost to obtain an unsecured version of the document and /or to participate in this solicitation. |
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