• Phone: 0521952532
  • Location: BUSINESS BAY
  • City: Dubai
  • Country: United Arab Emirates
  • Listed: March 5, 2022 10:15 am

Description

NATIONAL IN-COUNTRY VALUE (ICV) :

The National In-Country Value (ICV) Program is a UAE government program initiated by ADNOC aims to support the Ministry of Industry and Advanced Technology’s mandate of improving the productivity and sustainability of the UAE’s industrial sector. It also aims to boost the contribution of local industries to national GDP while enhancing the role of local companies to the country’s socioeconomic development .

The ICV is a certificate that is issued to certified suppliers. It evaluates their contribution to the local economy. Certified suppliers will gain advantages during the award of tenders and contracts based on their ICV score.

Basis of Calculation for ICV :

• Manufacturing & Third Party Cost.
• Investment.
• Emiratization.
• Expat Contribution.
• Bonus.

Key Changes In Considerations :

• Procurement from Agents.
• Service providers in Free Zones.
• Training for Emiratis.
• Validity of the Certificate.
• Operating Costs.
• Award Strategy.

How to obtain an ICV Certificate :

1. Issue audited financial statements for the company/supplier, based on IFRS.
2. Fill the certificate application form according to recent guidelines & financial statement.
3. Select authorized certification company to issue the certificate & present its requirements.
4. Use the certificate according to the guidelines of each applicable authority.

Once you are certified, you can begin submitting bids to participating entities. The exact edge that you receive in the bidding process will be determined by your ICV score.

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    Seller Details

    Yuga Accounting

    Member Since March 2022
    Chat with seller
    • Phone: 0521952532
    • Country: United Arab Emirates
    • City: Dubai
    • Location: BUSINESS BAY
    • Expires: 16 days, 7 hours
    • Listed: March 5, 2022 10:15 am