How to Get ICV Certificate: WHAT WE OFFER AS LEADING ICV CONSULTANTS
We offer the following services:
- ICV CERTIFICATION
- ICV CONSULTANCY
- ICV IMPROVEMENT PLAN
- ICV PROGRAM IMPLEMENTATION
WHO NEEDS ICV CERTIFICATE?
How to Get ICV Certificate: Companies working directly as suppliers or indirectly as sub-supplier with the following Implementing Agencies are required to acquire the ICV certificate. The Implementing Agencies for the National ICV Program are gradually increasing in numbers to ensure observing ICV Program across the country.
Vendors of Implementing Agencies who do not possess the ICV Certificate are allowed to participate in the tenders of Implementing Agencies, however, their ICV score will be considered as “Zero” in the bid evaluation and hence may be at a disadvantage to those holding ICV Certificates.
ICV Certification for Group Companies
Each license of a Company is considered as an independent legal entity even if the ownership is the same. However, if a Company has different branches in the same Emirate with identical activities and ownership listed on the licenses, then one combined ICV certificate is allowed for the Company in that Emirate.
Managements Accounts for Newly Established Companies
For newly established Companies (less than 10 months old) that do not have audited financial statements, the Management Accounts for a period of up to 9 months can be used for ICV calculations. Any management accounts greater than 9 months will be required to be audited.
IFRS Based Audited financial statements
For newly established Companies (less than 10 months old) that do not have audited financial statements, the Management Accounts for a period of up to 9 months can be used for ICV calculations. Any management accounts greater than 9 months will be required to be audited.
Unified ICU Certification Validity
The ICV certificate shall be valid for a period of 14 months from the date of issuance of Audited Financial Statements. The supplier can get certified during the validity of the ICV certificate if he chooses to, using the same audited financial statements, but the validity of 14 months from the first issue will remain same.
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