* Objective: To incentivise local procurement, Emiratisation, investment in manufacturing, and overall domestic economic growth.
* The Scoring System: Your ICV score—a percentage-based metric—is calculated based on local spending, workforce demographics (Emiratisation), and local investments.
* Certification Process: The process requires working with an MoIAT-approved certifying body. Firms like Premier Auditing & Accounting assist by preparing audited financial records, verifying procurement data, and ensuring your company meets all documentation standards.
Strategic Advantages:
* Tender Competitiveness: A strong ICV score acts as a weighted evaluation criterion, often giving certified companies a distinct advantage in bidding.
* Market Access: Essential for qualifying as a supplier for many large organisations.
* Supply Chain Efficiency: Encourages businesses to identify local sourcing alternatives, potentially reducing logistics costs and import dependencies.
https://premierauditing.com ...
