ADNOC introduced an ICV program implemented from 1st April 2018 which requires that all suppliers of goods or services to acquire ICV certification from the ADNOC ICV Certification Agency and calculate and declare their certified ICV score for the previous financial year, to demonstrate how they are helping to deliver ICV. Suppliers who do not possess the ICV Certificate shall be allowed to participate in the ADNOC Group tenders, however, their ICV score will be considered as “Zero” in the bid evaluation and hence may be at a disadvantage to those with a higher ICV score.
UNIFIED ICV CERTIFICATION PROGRAM
In 2019 and 2020, the Department of Economic Development, Abu Dhabi Ports and Aldar Properties have joined hands with ADNOC Group to broaden the ICV certification process across various sectors in Abu Dhabi and the UAE. It is likely that more entities will join the ICV certification platform.
AREAS CONSIDERED FOR UNIFIED ICV CALCULATIONS
(a) Goods Manufactured (only for Suppliers holding Industrial License)
(b) Third-Party Spend (only for Suppliers holding non-Industrial License)
(c) Investment
(d) Emiratization
(e) Expatriate Contribution
(f) Bonus – i) Revenue from outside UAE. ii) Emirati Headcount