Information for Suppliers
From early 2018, both existing and current suppliers are strongly encouraged to undertake an ICV evaluation and certification process to attain an ICV certification. The evaluation will examine the capabilities of your business within UAE in areas including:
• Export of goods manufactured in the UAE
• Third party spend (Procurement of goods and Sub-contractors)
• Local investment
• Emiratization of workforce
• Expatriate contribution
The certification will verify these capabilities.
As we enter the next phase of ICV implementation, ADNOC is going ahead with planned enhancement to the ICV calculation. Modifications to the ICV calculation includes considering a supplier’s future plans to increase ICV of its operations for tender evaluations.
While it is not compulsory to hold an ICV certificate to participate in ADNOC Group tender, suppliers that have an ICV certificate will have advantage during the tendering process. (Suppliers without the certificate will be considered to have 0% ICV).
ADNOC is holding a number of workshops to educate suppliers about its ICV program. Further details regarding these workshops will be issued in due course.
ICV Payment Mechanism presentation