Hill Bottom Recreation Center invites qualified audit firms to submit proposals for external audit services for the fiscal year ending 2018, covering both real estate and recreation operations.

HILL BOTTOM RECREATION CENTER INVITATION TO TENDER (ITT) FOR THE APPOINTMENT OF EXTERNAL AUDITOR FOR THE FISCAL YEAR 2018 (REAL ESTATE & RECREATION OPERATIONS)   1. Introduction   Hill Bottom Recreation Center invites qualified, independent, and experienced audit firms to submit proposals for the provision of external audit services for the fiscal year ending 2018. The audit will cover both real estate and recreation operations, requiring a firm with multidisciplinary expertise.   2. Background   Hill Bottom Recreation Center is a diversified organization engaged in both real estate development and recreational service operations. The Center develops and manages residential apartments for both investment and sale, while also operating recreational and wellness services. Given the integrated nature of its real estate and recreation operations, the Center maintains a complex financial structure that requires a comprehensive external audit to ensure accuracy, transparency, and compliance with applicable standards.   The audit for the fiscal year 2018 will therefore cover all financial activities related to both property development and recreational services.   3. Scope of Work   The selected external auditor will be required to:   A. Financial Audit

• Conduct an independent audit of the FY 2018 financial statements.
• Express an audit opinion in accordance with applicable auditing standards.
• Ensure that the financial statements are prepared in compliance with International Financial Reporting Standards (IFRS).

B. Systems & Compliance

• Evaluate internal control systems across both real estate and recreational activities.
• Assess compliance with applicable financial reporting frameworks, including IFRS, and regulatory requirements.
• Identify risks and inefficiencies.

C. Deliverables

• Independent audit report with opinion (IFRS-compliant).
• Management letter detailing findings, risks, and recommendations for improvement.

4. Eligibility Criteria   Interested firms must:

• Be registered and licensed audit firms.
• Have demonstrated experience in both real estate/property audits and service-oriented or recreation sector audits.
• Possess at least 3–5 years of relevant experience.
• Provide qualified personnel with expertise in both sectors.
• Submit at least three references from similar engagements.
• Be independent and free from conflicts of interest.

5. Proposal Submission Requirements   Bidders must submit:

• Company profile and legal documentation.
• Technical proposal including:
  • Understanding of combined audit scope
  • Methodology for real estate and recreation audit components
  • Work plan and timeline
• Financial proposal with detailed fee breakdown.
• CVs of key staff.
• References and evidence of relevant past assignments.

6. Evaluation Criteria   Proposals will be evaluated based on:

• Relevant combined sector experience (30%)
• Technical methodology and approach (30%)
• Qualifications of key personnel (20%)
• Financial proposal (20%)

7. Submission Deadline   All proposals must be submitted no later than May 15, 2026.   8. Submission Address   Proposals should be submitted in sealed envelopes clearly marked: “Tender for External Audit Services – FY 2018 (Real Estate & Recreation)”   To:   Finance Department Hill Bottom Recreation Center around Derartu Square Tel: 0945-25-80-89 Or via email: finance@hillbottomproperties.com  Hill Bottom Recreation Center Finance Department

Tender details

• Deadline: 2026-05-15
• Bid closing time: 17:00
• Bid opening: 2026-05-15 17:00
• Bid opening (note): No Specific Opening Date and Time
• Region: Addis Ababa
• Publishing entity: Hill Bottom Recration Center Plc
• Buyer TIN: 0002932362
• Published: Apr 11, 2026
• Posted at: 2026-04-11T09:23:42.000Z