UNIFIED ICV CERTIFICATION PROGRAM

ICV Certificate

Standard Mentors plays an important role in achieving the ICV certificate and developing ICV score improvement plan for companies which are working directly as suppliers or indirectly as sub-supplier with the UAE Government and Semi-Government Departments. We facilitate in the following ways:

  • Recommendation of restructuring in organizational processes
  • Drafting the ICV template
  • Continuous monitoring to maintain a high ICV score
  • Drafting the ICV improvement plans
  • Expert staff with capabilities to enhance ICV score

Getting a high ICV score puts companies in an advantageous position during the tender process.

ICV in UAE is one of the bases in the Government’s acquisition process. The evaluation pertains to all awarded contracts. Dealing with the Government directly or indirectly will have a different impact on the ICV responsibilities of suppliers. Suppliers will need to get an ICV certification in UAE and formulating an ICV improvement plan in UAE themselves or take the help of contractors supporting them.

What is ICV Certificate?

The UAE government introduced a program called the In-Country Value Certificate program. The requirement of the program is that all UAE-based goods suppliers acquire an In-Country Value Certificate. Along with this, the suppliers are required to get the calculated ICV score demonstrating their contribution to the previous financial year to deliver the ICV. Suppliers who are not interested in procuring the ICV Certification will be able to take part in government tenders, though their ICV score will be considered to be zero.

The evaluation pertains to all awarded contracts. Dealing with the government directly or indirectly will have a different impact on the ICV responsibilities of suppliers. Suppliers will need to get an ICV certification in UAE and formulating an ICV improvement plan in UAE themselves or take the help of contractors supporting them.

What is ICV Certification process and how is it executed?

The in-Country Value (ICV) program in UAE aims to grow and diversify the UAE’s economy. ICV Certification process in UAE involves data population of the supplier submission form, the fulfillment of agreed-upon procedures, formulation of a factual finding report, and finally on satisfaction, signing of the ICV Certification in UAE by approved bodies. ICV Certification execution in UAE by suppliers includes a consultation with the stakeholders, examining the current practices, re-examining the information populated in the supplier submission form, and at last discussing the certification process.

What are the ICV Certifying Bodies in the UAE?

The In-Country Value program in the UAE has been the most practical tool for ensuring economic growth in the true spirit. The UAE has certifying bodies for giving ICV certification-related services. The core services imparted by ICV Certifying Bodies in the UAE are Reviewing the information of proposed suppliers, Examining the procedures utilized by suppliers in determining ICV score, Issuing ICV certificates, and Renewing the ICV certificates of suppliers.

Why Work With Us?

As Trusted ICV Consultants Standard Mentors will offer you

  • The client’s financial statement will be audited and signed.
  • Our Team will help you understand about the ICV and the determining factors that affect the ICV score.
  • We will Suggest on how to improve ICV score and include the incremental effect of each step in our impact analysis report. This includes mainly, among other steps, the recommendation of restructuring in organizational processes to increase ICV score.
  • Draft the ICV template, based upon the records of financial year under certification that can be presented to ICV certifying body to ensure the achievement of ICV score as per drafted template.
  • Draft the ICV improvement plans that is required to be submitted with government tenders.

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