ICV Certificate Sample: UAE is one such place where continuous efforts are taken to improve the region’s business environment. ICV certification is a crucial process to certify any supplier’s or contractor’s ICV score. This is done by the independent pre-approved ICV certifiers. The ICV program is a collection of conditions that suppliers or companies have to comply. ICV certificate validity is 18 months from the date of issue.
When it comes to tender evaluations, the ICV certificate’s weightage is the most significant impact it produces. A competitive advantage will be afforded to suppliers who possess the ICV certificate during the selection process.
The ICV program consists of two parts. They are:
- ICV Certification
- ICV Implementation
In this blog, let us see some important information about ICV certificates.
Purpose of ICV Certification:
- To ensure the validity and accuracy of information provided by the suppliers in terms of ICV Contribution.
- To make sure the suppliers’ ICV scores are evidence-based and check if they are calculated according to the pre-defined methodologies.
The main focus of National ICV Certificate :
- Is to focus on enhancing their ICV creation through their business practices.
- To invest in business development.
- To invest in skill enhancement.
Steps for obtaining an ICV Certificate:
The following are the steps for obtaining an ICV certificate:
- First, the supplier must submit the completed ICV score card or the ICV plan submission template to a pre-approved certifier.
- The certifier validates the ICV Submission Template using the documents given by the supplier.
- Both supplier and the certifier must sign the certified ICV scorecard or ICV plan and accompanying Factual Finding Report (FFR)
Required Documents for ICV certificate:
- Audited financial statement of the company
- List of procured goods and services
- WPS reports
KGRN is one of the reliable legal services. With ICV certificate sample UAE, we guide you through the process of UCV certification and provide you with unified ICV.
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