The Township of Black River-Matheson invites proposals from qualified consulting firms to undertake an Asset Retirement Obligation Assessment in accordance with Public Sector Accounting Board (PSAB) standard PS 3280. The intent of this Request for Proposals is to retain a consultant with the experience and expertise necessary to prepare a comprehensive, audit-ready ARO assessment that will ensure the Township’s financial statements comply with PS 3280 requirements.
Asset Retirement Obligations (AROs) are legal obligations associated with the retirement of tangible capital assets. This includes obligations to safely remove, remediate, or dispose of assets or hazardous materials at the end of an asset’s useful life. Under PS 3280, municipalities must identify and report ARO liabilities for assets such as buildings (e.g. asbestos abatement), water and wastewater facilities (e.g.
decommissioning costs), and other infrastructure that require remediation or retirement activities. The purpose of this project is to identify all such obligations in the Township’s asset portfolio, estimate the future costs of fulfilling those obligations, and calculate the present value of the liabilities for financial reporting.
The ARO Assessment is required for the 2025 annual audit (commencing March 2026), meaning time is of the essence to complete the work and deliver results that can be used by the Township’s auditors. The successful Proponent will be expected to work closely with Township staf
This tender has closed
Submissions closed February 20, 2026. It is kept here as a record of what this municipality has put out to tender.
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