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bmsauditingfirm · 3 months ago

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Streamlining Your ADNOC Vendor Registration with BMS Abu Dhabi

Introduction

Becoming an ADNOC-approved vendor is a significant milestone for any business looking to thrive in the UAE's competitive market. However, the registration process can be daunting without the right guidance. BMS Abu Dhabi simplifies this journey, ensuring a smooth and efficient ADNOC vendor registration that positions your business for success.

The Importance of ADNOC Vendor Registration

ADNOC, one of the world’s leading energy companies, requires vendors to undergo a rigorous registration process to ensure they meet high standards of quality and compliance. This registration is essential for businesses aiming to supply goods and services to ADNOC and its subsidiaries. However, the complexity of the process often necessitates expert assistance to avoid potential setbacks.

Why Partner with BMS Abu Dhabi?

In-Depth Knowledge BMS Abu Dhabi has a deep understanding of the ADNOC vendor registration process. Our expertise covers every aspect, from document submission to regulatory compliance. We leverage this knowledge to guide your business through the process, ensuring all requirements are met promptly and efficiently.

Tailored Services Every business is unique, and so are its needs during the registration process. BMS Abu Dhabi offers tailored services to address the specific requirements of your business. Whether you need help with document preparation, compliance checks, or ongoing support, our services are designed to meet your exact needs.

Efficiency and Accuracy Time is of the essence when registering as an ADNOC vendor. BMS Abu Dhabi prioritizes efficiency and accuracy, ensuring that your application is processed without unnecessary delays. Our team meticulously reviews all documents and submissions, reducing the risk of errors and ensuring a seamless registration experience.

How BMS Abu Dhabi Facilitates a Seamless Registration

Step-by-Step Guidance BMS Abu Dhabi offers step-by-step guidance throughout the entire registration process. From the initial application to final approval, we walk you through each stage, providing clear instructions and support. This approach ensures that you remain informed and confident as your registration progresses.

Document Management Proper documentation is crucial for successful ADNOC vendor registration. BMS Abu Dhabi assists with the preparation, review, and submission of all required documents. We ensure that every document is complete, accurate, and compliant with ADNOC’s standards, minimizing the risk of delays or rejections.

Ongoing Support and Communication The registration process doesn’t end with the submission of documents. BMS Abu Dhabi provides ongoing support, keeping you informed of your application’s status and addressing any issues that may arise. We maintain open communication with ADNOC, ensuring that your registration moves forward smoothly.

Conclusion

Navigating the ADNOC vendor registration process can be challenging, but with BMS Abu Dhabi, it doesn’t have to be. Our expertise, personalized services, and commitment to efficiency make us the ideal partner for businesses seeking ADNOC approval. Trust BMS Abu Dhabi to manage your registration, so you can focus on what you do best—growing your business in the UAE.

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icvcertificateconsultants · 6 months ago

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Understanding the ICV Certificate and Its Importance in the UAE

The ICV Certificate, or In-Country Value Certificate, is a crucial document for businesses operating in the UAE, particularly those engaged with the Abu Dhabi National Oil Company (ADNOC) and other government entities. The ICV certification process is designed to measure and enhance the contribution of companies to the UAE's local economy through their products, services, investments, and employment practices.

What is an ICV Certificate?

The In-Country Value Certificate is issued by ADNOC to certify the level of in-country value a company achieves. This value is calculated based on various factors, including the company's contribution to local GDP, investment in Emirati employment, and commitment to technological advancement and R&D within the UAE. The certificate is a testament to a company's dedication to supporting the UAE's economic goals.

The Importance of the ICV Certificate

The ICV Certificate plays a vital role in promoting sustainable economic growth in the UAE. It aligns with the goals of the Abu Dhabi Local Content Programme (ADLC) initiated by the Abu Dhabi Department of Economic Development . The ADLC aims to:

Promote GDP Growth: By encouraging companies to source products and services locally, the ICV program helps stimulate domestic production and expand foreign direct investment in Abu Dhabi. This, in turn, enhances the GDP contributions from the private sector and SMEs.

Develop Human Capital: The program seeks to increase employment opportunities for Emiratis in the private sector and improve the skills and competencies of the local workforce.

Encourage Technology Adoption: By fostering research and development expenditures, the ICV initiative aims to boost the competitiveness of national industries and accelerate technological innovation.

ICV Certificate Registration

The process of ICV certificate registration involves several steps. Companies must first gather relevant data related to their operations, including financial performance, employment records, and investment in local goods and services. This information is then submitted to ADNOC or authorized certifying bodies for evaluation.

ICV Certification Process

The ICV certification process is thorough and involves multiple stages:

Data Collection: Companies must compile detailed information about their contributions to the local economy.

Submission: The collected data is submitted to ADNOC or an accredited certifying body for assessment.

Evaluation: The certifying body evaluates the data to determine the company's ICV score.

Certification: Based on the evaluation, an ICV Certificate is issued, indicating the level of in-country value the company has achieved.

Approved Certifying Bodies

One of the leading Ministry of Industry and Advanced Technology (MoIAT) approved certifying bodies for the National In-Country Value Program is Evas International. As a Ministry approved ICV certifying body in the UAE, Evas International plays a crucial role in ensuring that companies meet the standards set by the ICV program. Their certification helps businesses demonstrate their commitment to contributing to the UAE's economic goals. For more information, visit ICV Certification.

Benefits of the in country value certificate icv

Holding an ICV Certificate offers numerous advantages for companies:

Competitive Advantage: Companies with a high ICV score are more likely to win contracts from ADNOC and other government entities.

Enhanced Reputation: An ICV Certificate demonstrates a company's commitment to the UAE's economic development, enhancing its reputation in the market.

Access to Opportunities: Certified companies may gain access to exclusive opportunities and incentives offered by the government to support local content.

Conclusion

The In-Country Value Certificate is a strategic initiative that underscores the UAE's commitment to sustainable economic growth. Through the ICV certification process, companies are encouraged to contribute more significantly to the local economy, promote Emirati employment, and invest in technological advancements. By obtaining an ICV Certificate, businesses not only enhance their market competitiveness but also play a pivotal role in the UAE's vision for economic development. With leading certifying bodies like Evas International providing Ministry approved certifications, companies can be assured of meeting the high standards required by the National In-Country Value Program. For further details, you can visit ICV Certification.

Understanding the ICV Certificate and Its Importance in the UAE

What is an ICV Certificate?

The In-Country Value (ICV) Certificate is issued by ADNOC to certify the level of in-country value a company achieves. This value is calculated based on various factors, including the company's contribution to local GDP, investment in Emirati employment, and commitment to technological advancement and R&D within the UAE. The certificate is a testament to a company's dedication to supporting the UAE's economic goals.

The Importance of the ICV Certificate

Develop Human Capital: The program seeks to increase employment opportunities for Emiratis in the private sector and improve the skills and competencies of the local workforce.

Encourage Technology Adoption: By fostering research and development expenditures, the ICV initiative aims to boost the competitiveness of national industries and accelerate technological innovation.

ICV Certificate Registration

ICV Certification Process

The ICV certification process is thorough and involves multiple stages:

Data Collection: Companies must compile detailed information about their contributions to the local economy.

Submission: The collected data is submitted to ADNOC or an accredited certifying body for assessment.

Evaluation: The certifying body evaluates the data to determine the company's ICV score.

Certification: Based on the evaluation, an ICV Certificate is issued, indicating the level of in-country value the company has achieved.

Approved Certifying Bodies

Benefits of the In-Country Value Certificate

Holding an ICV Certificate offers numerous advantages for companies:

Competitive Advantage: Companies with a high ICV score are more likely to win contracts from ADNOC and other government entities.

Enhanced Reputation: An ICV Certificate demonstrates a company's commitment to the UAE's economic development, enhancing its reputation in the market.

Access to Opportunities: Certified companies may gain access to exclusive opportunities and incentives offered by the government to support local content.

Conclusion

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tallyuae · 2 years ago

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A Wrap-up on the In-Country Value Program of the UAE

The ICV program is a UAE effort that aims to develop the regional economic situation through commercial supply chain development. With this initiative, the UAE seeks to increase provider participation from neighborhood companies to support their development and add favorably to the economic situation.

The ADNOC Group has actually established the In-Country Worth (ICV) Program to boost the number of items and also solutions sourced in the UAE, consequently developing more significant chances for people and also services. The program aims to develop enduring worth for Abu Dhabi and also the wider UAE economy, with an expanding focus on neighborhood material and also vendor growth. ICV is a financial diversity program established by the Abu Dhabi government to in your area resource more items and solutions for competent projects within its territory. Instances of ICV-qualified tasks consist of yet are not limited to:

· Expedition as well as manufacturing tasks including boring, workovers, and conclusion of new wells

· Construction/engineering works

· Upkeep tasks such as overseas platform maintenance

· Procurement or supply chain administration solutions

· Seismic information purchase, refining & analysis solutions (geophysical studies).

· Downstream petrochemical activities such as manufacturing petrochemicals or refining petroleum right into refined oil products (gasoline, gasoline).

To end up being ICV accredited, a firm should go through an independent evaluation of its enrollment as well as management systems. The award of qualification is based on the company's ability to fulfill the needs of the ICV Assessment Criteria. Firms seeking ICV accreditation are called to complete 3 sections:.

· Company registration criteria.

· Company management systems as well as treatment standards.

· Market sector-specific criteria.

To participate in this program and show your commitment to supporting the UAE economic climate, you require to be accredited. Even if you're not yet prepared for accreditation, Press Digits Chartered Accountants can assist you ready up with our ICV readiness solutions. We'll give an examination on how to accomplish conformity with all of the needed criteria and also provide your business the best possibilities at earning its ICV qualification with a high ICV rating.

Why ICV Certificate is Important?

The ICV certificate is needed to participate in any kind of tender that comes under the In Country Worth program by ADNOC (Abu Dhabi National Oil Firm). The certificate will be released to the firm which has made significant initiatives to include regional companions in production tasks. ADNOC is attempting to enhance the payment of neighborhood companies by a minimum of 25% of the overall expense by the year 2025. Based on our own assessment after carrying out a high number of ICV consultations, all business that is postponing being ICV certified will certainly lose a large quantity of business which will have a substantial impact on their going issue.

The ICV Certification Guarantees that a Driver has made Considerable Initiatives to Include Neighborhood partners in Manufacturing Tasks.

The In Nation Worth (ICV) program is a government-driven effort to broaden local content in the economic situation. Firms are needed to consider regional web content in their tasks. There are advantages for both firms and nations in developing regional partners as well as distributors, consisting of price financial savings, economic sustainability as well as boosted efficiency. Neighborhood material needs are increasing as federal governments intend to improve the economies of resource-rich countries through increased engagement of regional firms. In order to access work chances such as tenders, operators will certainly be needed to have an ICV certification. An operator can attain an ICV certificate by working with the Ministry of Oil & Gas (MOG) as well as supplying in-depth information regarding its supply chain tasks, consisting of subcontractors that are owned by nationals from the country where it runs.

What is Factor System in the ICV Program?

Companies that join tenders for supply contracts with ADNOC and also other government entities have to obtain an ICV certificate. The certificate is issued by the Abu Dhabi federal government, based on a factor system. The points are awarded to firms for each and every of the 4 "columns" of an ICV certification:.

· Neighborhood web content-- this column has the acmes limit, at 100%.

· Economic payment-- under this column of neighborhood value, there are 3 sub-categories-- tasks (25%), community development (25%) as well as R&D (15%). These classifications do not need to total 100%, however, instead, they add up to 65% of the general Financial Payment classification.

· Enrichment value under this column includes two sub-categories: UAE national workers (30%) and also Emiratization/women's empowerment/disability employment plans (20%). These 2 sub-categories make up 50% of the Enrichment Worth pillar.

Needed Documents for ICV Certification.

Obtaining an ICV certificate calls for correct documentation such as:.

· VAT certificate.

· Audited financial statements.

· A breakdown of items and services procured by the company.

· ICV% of the suppliers utilized by the company together with their ICV certifications.

· Wage protection system reports along with staff checklist.

· Finished ICV Design Template.

Lots of various other documents i.e. Emirates ID, key, business permit, and so on.

#Tally UAE #Tally

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inspiretaxconsultancy · 4 years ago

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#artists on tumblr #tumblrog #accounting #adnoc #ADNOC Vendor Registration in UAE #best accounting firm in abu dhabi #best audit firm in abu dhabi #audit firm in abu dhabi #ADNOC Registration in Abu Dhabi #inspire tax consultancy

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plus-uae-blog · 5 years ago

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A representative office of a foreign company is different legally from that of its branch office opened in ABUDHABI. In a representative office, a foreign company is only allowed to promote it’s parental / main companies activities, that is if the main company deals in the sale or production of any products, this company can open a representative office in ABU DHABI which will be only able to “Promote or involve in marketing, sales or productions of the specific products by using their contacts in ABU DHABI, (UNITED ARAB EMIRATES) but they cannot conduct sale or produce a product themselves.

#companyformationinabudhabi #business consultant company #businesssetupinuae #business setup in abu dhabi #businesssetupindubai #Adnoc registration in Abu dhabi #adnoc registration

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almashora-blog · 5 years ago

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Any Firms hoping to work in or bargain straightforwardly with any organizations identified with the Oil and Gas part in Abu Dhabi requires the Supreme Petroleum Council (SPC) Approval. The Supreme Petroleum Council was set up under law No. (1) of the year 1988. The law obviously stipulates that the Council is the unrivaled expert in charge of the oil business in the emirate of Abu Dhabi.

#Services #business #industries

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kevinhorpper-blog · 6 years ago

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Save the scrapping cost and money both on the old car sale in Emirates

Do you think your car is not working anymore and the only place it deserves now is scrap-yard? But scrapping car in Emirates is expensive more than your expectations. People think for scrapping their car because of car destruction in road accident or engine failure, transmission line failure or other defects a car can get as it gets old. Scrapping a car involves many things for instance you have to get a car disposal certificate before handing it to scrap yard owners. This certificate prevents any further sale of your vehicle in UAE. You need to contact your car insurance provider to terminate insurance of your old car. If your cover was unused you can ask for a refund. Further, you have to transport your damaged car to the authorized treatment facility or a scrap yard. Scrapping the vehicle and decommissioning it costs a huge amount to the owner of the car. Therefore, scrap car owner in UAE look for the optimal choice of scrapping of car without avoiding its scrapping cost. The solution to their problem is with the best scrap car buyers in Dubai, Abu Dhabi and other vicinities of Arab world.

How we support you when you sell your old/broken car in UAE?

What people do not know that a simple and private alternative of scrapping is to sell your scrap car online in Emirates. Crazycarcorner.com is one of such online scrap car selling facilities. Through this platform you can sell your old, broken, damaged or towed car in UAE. Car owners in Dubai, Abu Dhabi and Sharjah can contact crazy car corner.com for selling their junk as well as old car. Whenever you make mind to sell you can online, browse crazy car corner.com and make a personal appointment with the mentioned scrap car buyer and get your car inspection to negotiate the best price. Damaged car buyers in UAE take themselves the responsibility to manage your entire sale process regarding documentation, insurance or transportation. Once your terms are fixed, scrap car buyers in UAE will collect your road banger and reward you with the highest monetary value in return. They ensure complete transparency and peace of mind for the sellers of scrap cars in Emirates. Usually old car seller gets a lot of money on their old car sale in Dubai and Sharjah. This is because quality of roads is very high in Emirates and usually good condition of car can be maintained easily. Therefore, old car seller can bring a favorable amount of money. What should be your old car sale value in Dubai, Abu Dhabi, Sharjah or other regions of UAE? Answer is again with the crazy car corner.com where you can have a competitive estimate and cannot be deceived. You can find here scrap car dealers of Nissan, Suzuki, Toyota, Mercedes and almost all models of all car brands. We have representation in major cities for vehicle dealership in Dubai, Abu Dhabi, Sharjah, Riyadh and other regions of UAE.

How value of your damaged car in UAE is determined?

We determine value of your car on the basis of following checks:

· Accessibility cost of your car location in UAE

· Condition of your damaged/old car in Dubai

· Presence of complete body parts of your damaged vehicles in emirates.

· Conditions of tyres of your accident damaged car in Abu Dhabi

· Insurance refunds availability on your vehicle in Arab

· Extent of damage of your impaired car

· Condition of engine of your scrap car in Dubai

· Model of engine of your scrap vehicle in UAE

· Availability of genuine documents of your registered car

· Value of recyclable components of your scrap car in UAE

· Extent of repairing needs of your broken car in UAE

We offer an immaculate service to our clients who contact us for selling their old/broken or damaged car/vehicle.

Which cars you can sell online in UAE?

We are the best old car dealers sin UAE. We take following categories of vehicles/cars:

· Accident damaged vehicles in UAE

· Used working vehicles and cars in UAE

· Used damaged cars and vehicles

· Abandoned vehicles including cars in UAE

· RTA/Tasjeel/Adnoc rejected or failed vehicles and cars in UAE

· Vehicles and cars with bank mortgage and loans in UAE

· cars and vehicles with overheating problems in UAE

· Junk vehicles and cars in UAE

· Scrap cars and vehicles in UAE

· Nonworking cars and vehicles in UAE

· Cars and vehicles with expired registration in UAE

· Cars and vehicles with transmission issues in UAE

· Cars and vehicles with expired registration and insurance in UAE

What should be worth of your old car sale?

Car users in Dubai should have an idea which car depreciate more than other so that they may sell their old car and buy a new and better model. But this knowledge is of value if you learn it before the purchase of car. You consider your budget and needs while making car trade in UAE and ignore the aspect of making right choice and can regret later. Passage of time and car market analysis further intrigues you to go for a car replace. Now you may look for old car buyers in UAE through the window of crazy car corner.com. With us you can sell best vehicles of every make, state and age at a reasonably fair price.

Customer care issues of old car sale in Emirates

May be you did not want to sell you damaged car but you don’t find any choice because cost of its repair is exceeding the actual cost, so what should you do then? Or you may be thinking whether you can sell your car in Dubai if it is registered in another emirate. Yes, no worries as crazy car corner.com offers solutions to all such issues. For example, in this case of registration difficulty, you have to first deregister your old car in emirate and then transfer to the new car owner. In first case, repair may restore the original price, but in no way it can increase the value of car. Therefore, large costly repairs to broken automobiles are uneconomical. However, repairs save the cars from scrapping immediately. So it is worthwhile to sell your damaged car. This will earn you some money and saves you from disposal costs. From this money you can think to buy a new car.

#old car sale in Emirates #old car buyers in UAE #scrap vehicle in UAE

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middleeastlifestyle · 2 years ago

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Here’s How You Can Participate In Track Cycling At Yas Marina Circuit

Do you wish to participate in a cycling event in Abu Dhabi? How about a cycling event that is conducted on Abu Dhabi’s world-renowned Formula 1 circuit? That’s right! You can now gear up to pedal a bike on Yas Marina Circuit!

Since its opening in 2009, Yas Marina Circuit has been home to the Abu Dhabi F1 Grand Prix. The venue also offers numerous community experiences for people who wish to experience driving or riding in a sports car on a Formula 1 racetrack. And the fun doesn’t end there. The Abu Dhabi F1 Circuit has a lot more to offer to its visitors. As a part of their health and fitness program, Yas Marina Circuit is offering visitors a chance to participate in running, walking, and track cycling on the racetrack. This fitness program is called TrainYas, and here is all you need to know about it.

What is TrainYas?

TrainYas is Yas Marina Circuit’s fitness program, powered by ADNOC and presented by the Abu Dhabi Sports Council. TrainYas allows visitors to participate in running and cycling activities that are conducted at the same time at Yas Marina Circuit. The TrainYas program is open to people of all ages and all fitness levels. Above all, it is free for all participants. This means that you can participate in the running event or the cycling event without having to pay any fees. All you need to do is fill out a registration form prior to the day of the event and confirm your registration upon arrival at the circuit. Yas Marina Circuit also conducts the TrainYas Ladies fitness program, which is exclusively for women. Similar to TrainYas, this program allows visitors to participate in running and cycling free of charge.

Cycling at TrainYas

If you are participating in track cycling, you will even be provided with a complimentary bike and a complimentary helmet at the point of arrival. Yas Marina Circuit provides these bikes in partnership with the Abu Dhabi Sports Council. In order to maintain the highest levels of safety and hygiene, all the bikes and helmets are sanitised after every use. Once you are on the track with your cycle, you will be guided in an anti-clockwise direction around the track, while the runners will be guided in a clockwise direction. You can enjoy as many rounds of track cycling as you wish to until the event concludes for the day.

Schedule for TrainYas

The TrainYas fitness program is conducted every Monday and Wednesday, from 6 pm to 10 pm. Here is the hourly schedule for the program:

- 5:30 pm: The Com Yas Village gates open - this is your point of arrival. This is also where you will be collecting the complimentary bikes and helmets for track cycling.

- 6:00 pm: Track gates open and bike collection begins.

- 10:00 pm: The event concludes for the day.

Schedule for TrainYas Ladies

The TrainYas Ladies fitness program is conducted every Tuesday, from 6 pm to 9 pm. Here is the hourly schedule for the program:

- 5:30 pm: The Com Yas Village gates open - this is your point of arrival. This is also where you will be collecting the complimentary bikes and helmets for track cycling.

- 6:00 pm: Track gates open and bike collection begins.

- 8:30 pm: Entry closes for all participants.

- 9:00 pm: The event concludes for the day.

Visit the official website of Yas Marina Circuit for the registration form and for more details for TrainYas or TrainYas Ladies.

#track cycling #Yas Marina Circuit

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taxadepts26 · 2 years ago

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A comprehensive guide on ADNOC ICV

Are you a company who needs to collaborate with adnoc (Abu Dhabi National Oil Company) and want to register as a company so that you may appear on the adnoc Supplier List?

Adepts offer ADNOC supplier registration to those businesses who want to work with ADNOC and who are looking to register themselves on ADNOC's supplier list.

For this registration, ADNOC introduced the ICV (In-Country Value) program to create additional employment opportunities for Emiratis in the private sector followed since 2018 that requires every supplier of goods and services to have ICV Certificate by ICV Certifying Bodies. This Certification is beneficial for the suppliers as their score will become zero in bid evaluation if they don't have an ICV Certificate, hence suppliers without an ICV Certificate will be at disadvantage from those who have higher ICV scores.

The Department of Economic Development, Abu Dhabi Ports, and Aldar Properties have partnered with ADNOC Group in 2019 and 2020 to expand the ICV Certification process across Abu Dhabi and the UAE.

The Unified ICV Certificate is necessary for companies who deal closely as suppliers or indirectly as sub-suppliers with the government and semi-government departments. Every license of a company is considered as an independent legal entity even if the owner is the same. Companies that have branches in the same emirates with common activities, one combined unified icv certificate is allowed for that Company.

We have established a specific sub-service line for ICV to assist our clients in obtaining an ICV Certificate and ICV improvement plan and reaching their necessary level of ICV score in the following methods as a leading ICV Certification Consultants:

We give detailed knowledge of ICV to our clients and the factors that may affect their score.

We suggest the steps which improve their ICV score with the incremental score effect of each step in our impact analysis report.

We prepare the ICV template based upon the records of the financial year under Certification.

We provide the ICV improvement plans that need to submit with the tenders of ADNOC.

Being a renowned accounting firms in UAE we give account management services to new and existing businesses. Our accountants have years of expertise in ICV Certification score calculation and give you the best solutions to increase that score for bid evaluation.

Call us for the best ICV Consultation services.

#accounting firms in UAE #ICV Certificate

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a2zplusuae · 2 years ago

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Submit the Adnoc supplier registration in Abu Dhabi with the top-notch business consultancy, Plus UAE. The Adnoc supplier registration is mandatory for doing business with any of the ADNOC Group companies.

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amaaudit · 5 months ago

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📢 Streamline Your ADNOC Registration with AMA! Thinking of expanding to Abu Dhabi's thriving market? Don't navigate the complexities of ADNOC registration alone. AMA Audit Tax Advisory is your trusted partner for a smooth and successful registration process. Our experienced team leverages local expertise and industry knowledge to provide valuable insights and tailor solutions to your specific business needs.🤝 Focus on your business vision, let AMA handle the registration details. Contact us today!

#ADNOC Registration #ADNOC #ADNOC Vendor Registration #ADNOC Supplier Registration

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digitalmarketingabudhabi · 3 years ago

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Get ADNOC Approved ICV Certificate For Your Company In UAE

ICV Certification

ICV certification services in Abu Dhabi. ADNOC, Aldar, Economic Department, Abu Dhabi Ports has launched an In-Country Value (ICV) program. The ICV certificate program aims to grow and diversifying the UAE’s economy and creating opportunities for UAE nationals in the private sector. An ICV certificate should be acquired for each legal entity. Having a set up as a local Abu Dhabi LLC UAE Company with a 51% investor will extend your ICV score, although it will be important to acquire the ICV report for the 51% shareholder to get the full advantage. This is where utilizing a corporate shareholder such as PRO Partner Group can help. We already have full ICV registration and as such we can assist foreign companies in giving our own detailed ICV profile to combine with theirs.

What Is ICV Certificate?

ADNOC, Aldar, Economic Department, Abu Dhabi Ports suppliers will have ICV Certificates given by an ADNOC, Aldar, Economic Department, Abu Dhabi Ports empaneled Certifying Body. Suppliers who don't possess ICV Certification will be allowed to participate in ADNOC,Aldar,Economic Department,Abu Dhabi Ports Group tenders; however, their ICV Score will be considered as “Zero(0)” in the bid evaluation. An ICV certification needs to be obtained for each legal entity, which intends to participate in tender with ADNOC, Aldar, Economic Department, Abu Dhabi Ports or any of its group entities.ICV Certification will be readied based on last audited budget statements, which will not be older than 2 years from the certification year. ICV certification shall be valid for 18 months from the date of the initial issue or once a new set of financial statements are issued (whichever is earlier). The supplier shall be responsible to have the revised ICV certificate within 2 months of the issuance of audited financial statements.

The Goals Of ICV Certification Program Are:

creating extra employment opportunities for UAE nationals in the private sector;

supporting UAE GDP diversification through sourcing more products and services within the UAE

localizing strategically critical links of the value chain for chosen categories.

As a component of ADNOC’s ICV Certification program, all ADNOC, Aldar, Economic Department, Abu Dhabi Ports providers are required to declare their ICV Certificate and their guaranteed ICV score for the past financial year, demonstrating how they are helping to deliver ICV. Business partnerships with ADNOC,Aldar,Economic Department,Abu Dhabi Ports include an ICV appraisal as part of the tender evaluation and award process. Suppliers should approach the ADNOC,Aldar,Economic Department,Abu Dhabi Ports designated confirmation organization for ICV affirmation. All necessary documentation and points of interest that are required by the certifier must be given by the supplier to the motivation behind audit and confirmation. ICV Certification score needs to be finished by an ADNOC,Aldar,Economic Department,Abu Dhabi Ports approved certifying body, for example, PwC, on an annual basis and submitted by the provider to ADNOC,Aldar,Economic Department,Abu Dhabi Ports with each proposal they make.

ICV scores are calculated by evaluating the economic value add within the UAE for the products or services offered by the organization, according to a pre-defined methodology.

Steps To Take Care For ICV Certification Abu Dhabi:

Goods manufactured

Emiratisation

Third-party spend

Revenue

Exports

Investment

Expatriate contribution

Who Is An ICV Certifier?

ICV Certifiers will go about as outsider independent bodies that will guarantee ICV Scorecards and Plans submitted by suppliers. Their fundamental duties are to:

Perform test methods and review information gave by suppliers

Issue Factual Finding Reports, which incorporate ICV Certificates

Attend and contribute to ICV Certifiers board bi-weekly meetings

Give access to Caliber to review working papers

ICV Certifiers are appointed by Caliber, and suppliers can just get certified through the appointed ICV Certifiers listed above.

ICV Certificate- Improvement Plan

Providers to present the improvement plan with the commercial bid. The improvement plan is seen as 01 bindings and will not be revised. During the assessment, the combination of ICV Certificate and Improvement Plan will be applied to land at the general score. The provider with the highest overall score will be moved toward to equate to a target cost with the submitted ICV at his own submission. The target to be observed quarterly to ensure the provider is on track. Any shortfall noticed shall be communicated to the supplier for a quick rectification action plan. A milestone of 5% of the agreement value will be introduced to ensure ICV achievement. Yearly Progressive payments will be made according to the compliance with ICV target. Supplier to submit the required ICV certificate to demonstrate the achievement of ICV milestone to release the particular payment accordingly.

Process In ICV Certification

1. Data Population

The Company will populate the ‘Supplier Submission Form’ gave by ADNOC,Aldar,Economic Department,Abu Dhabi Ports dependent on last audited financial statements

2. Agreed-upon procedures

The Company will populate the ‘Supplier Submission Form’ gave by ADNOC,Aldar,Economic Department,Abu Dhabi Ports dependent on last evaluated financial statements

3. Report delivery

Caliber Accounting Solutions will deliver a Factual Finding Report based on the work carried out during the session

4. Form validation

ICV Certification will be signed and stamped by Adnoc approved bodies which will have a validity of 14 months from issue date

How Is ICV Certification Executed

1. Initiation and Mobilisation

In this procedure, Initiating the engagement with Kick-off meeting with the stakeholders and the timeline will be set for performing certification.

2. Understanding the information

Analyzing current practices and making a detailed report.

3. Review

Reviewing the information populated in the “Supplier submission form” also Sample selection & testing will be done

4. Certification

Flag-off potential errors and risk, draft grading and Discuss findings with management, and finally closing meeting to discuss and Certification process.

Steps To Guide On Financial Statement

1. At first, it will be checked if Audited Financial Statements (FS) is available or not?

2. If its available next step is proceeding with ICV review as per AUP based on Audited FS

3. For a company having books of account but no audited financials, use the parent company financials. If Parent company financials do not exist then consider ICV to be zero

4. Parent Company Exists (one level up only) then, checking if Audited FS of Parent company available

5. If it's available to Proceed with ICV review based on extracted figures forbidding entity from Parent Company FS

WHAT WE OFFER AS A LEADING ICV CERTIFICATE CONSULTANTS

We make understand more about ADNOC,Aldar,Economic Department,Abu Dhabi Ports In-Country Value [ICV] Certification and the factors affecting ICV score to our clients

At Caliber Accounting Solutions we help to improve ICV score and include the incremental effect of each step in our impact analysis report. This mainly includes the recommendation of restructuring in organizational processes to increase the ICV score.

Drafting the ICV template, based upon the records of the financial year under certification that can be presented to ICV auditor

Drafting the ICV improvement plans that are required to be submitted with the tenders of ADNOC,Aldar,Economic Department,Abu Dhabi Ports Group Companies.

The working criteria have clearly explained the improvement of ADNOC,Aldar,Economic Department ICV and how to present the ICV scores across the period of the plan to avoid seizure of ICV milestone payments.

We arrange ICV certifications to our clients

Update On Unified ICV [In Country Value] Program 3.0

Suppliers with valid ICV certificate issued as per ICV 2.0 can approach certifying body to recertify ICV Certificate 3.0 free of cost,also mentioned they should have same audited financial statements.

This law is effective from June 7th 2020. ADNOC and other bodies will accept only ICV 3.0 in all its upcoming tenders.Any submission other than ICV 3.0 will be considered as zero in the evaluation.

ADNOC ICV Implementatio Guidlines, Rev 3.1

In continuation to recent announcements made during the 5th business partnership forum on 17th nov 2021 in ADIPEC, ADNOC has introduced additional incentives for bidders in the ADNOC group tenders

We would like to invite you to attend an interactive virtul breifing on " ADNOC'S ICV Implementation guidlines rev 3.1"