ADNOC ICV Certificate Program Benefits And FAQs - Emirates Zone Companies Representation

The ADNOC ICV certification program

Serving for almost five decades, ADNOC has worked in close partnership to support and drive growth, development, and diversification of the government sector, its business partners, and the private sector within the UAE.

ADNOC focused on meeting the financial goals of the administration and stating its spectacular 2030 development technology.

The ADNOC has developed In-Country-Value (ICV) Certification Program for the suppliers, aiming to boost the procurement selection process of the supplier eligibility criteria, development, and the localization of the UAE national in the oil & gas industry.

Three core objectives of the program:

GDP growth-enhancing to support goods and services in the UAE.
UAE nationals development and self-awareness in the private sector.
Localizing strategically critical links of the value chain for selected categories.

To adequately execute the ADNOC in-country-value program, your business will need to support ADNOC’s supplier program.

How does the ICV Certification work?

ADNOC ICV certification program has implemented since early 2018, and it provides suppliers with new opportunities and consultation to do business with the ADNOC group and acquire value for their time and money.

Since mid-2018, both new and existing providers disproportionately urged to embrace an ICV evaluation and confirmation process to obtain an ICV certification. The review will examine the capability of a business within the United Arab Emirates in the following areas:

Goods manufactured (for suppliers engaged in manufacturing)
Third-party spend (for the service provider)
Investment in the UAE
Emiratization contribution
Emiratization
Expatriate contribution
Bonus for (i) Exports & (ii) Emirati headcount

Why is the ICV Certification necessary?

Although it is not mandatory to have ICV certification for working with ADNOC projects, ADNOC will give value to the supplier having an ICV Certification. The following points ought to be kept in mind:

All suppliers directly providing goods or services to ADNOC will be asked for their ICV score in tender applications.
Companies who directly engage with ADNOC need to have a separate ICV score.
Companies who indirectly engage with ADNOC, by supplying to a Tier 1 supplier providing goods and services to ADNOC, will also need an ICV score.
Suppliers who do not possess an ICV score will still be eligible to partake in tenders but will be awarded a score of zero, and as such at a disadvantage to those with a higher ICV score.
The ICV Assessment now forms an Integral part of ADNOC’s evaluation and award process and in the near future will offer. As part of ADNOC’s evaluation and award process, added weightage is given for suppliers and vendors.

ADNOC is conducting various workshops to inform suppliers about the ADNOC In-country-value program. Additionally, insights regarding these workshops will be released at the appropriate time.

How can Emirates Zone help you get an ICV certificate?

Emirates Zone providing ICV consultation and associated with ADNOC approved certifying bodies that can issue ICV certificates.

Our experts will perform in-depth analysis based on the formula provided by ADNOC, and advise the best solution for getting good ICV score.

Our professional team evaluated the audited financial report and submitted it to the ICV auditors, to ensure to get the exact score as per the draft.

Re-Assessment / Enhancement of ICV Score

Emirates zone experts will evaluate the previous ICV score and other business information of the clients during the year, and suggest key areas through which they can increase there ICV score.

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FREQUENTLY ASKED QUESTIONS

1. What is an ADNOC in-country value (ICV) program?

The ADNOC ICV certification program is an on-going activity that supports ADNOC’s ICV commitment by focusing on the choice of local suppliers, the advancement of UAE citizens, and, therefore, restriction of basic operations within the oil and gas industry.

2. Who will enjoy it?

The ICV program means deep social and business benefits that drive manageable monetary growth and development. It would drive GDP growth, inaugurate working for UAE citizens in the private division, and give neighboring organizations more potential for interest in ADNOC contracts and procurement. Therein, everyone within the nation will benefit from the program.

3. What does the program mean for existing and potential new suppliers?

Remittance of the program implies that both existing and prospective providers should conclude an assessment to decide on their eligibility for an ICV declaration. This authentication may be a show that providers are telling ICV. By choosing qualified providers, ADNOC is currently working towards its own country price targets.

4. How will the strategy affect the procurement process, and so does ADNOC trade?

Since January 2018, ADNOC has been taking into consideration the in-country value when selecting suppliers for the brand of new tenders. Suppliers who hold certificates with a high ICV percentage will be a plus during the tender evaluation process.

5. How will the price requirements be defined in the country?

In-country values characterized by classification:

Product and Material – The in-country value is the level of monetary respect within the UAE between the combination process of goods and materials.

Administration – The in-country value is that a mix of monetary honor is included within the UAE for segments under administrations.

In any case, ADNOC claims all authorizations to change the above ICV definition and estimation tools in the future.

6. How often will suppliers need to review their ICV certificate?

Providers will be relied upon to revive their ICV certification on an annual basis or as needed.

7. What if a supplier cannot meet these requirements?

Providers who do not have ICV confirmation, in any case, can participate in the ADNOC tender, yet may be considered with 0% of the ICV, which at the end of the day they receive less attention than those providers Will focus what they have. Recognition.

8. Will the current contract and / or purchase order be renegotiated due to this schedule?

No. Existing contractors and purchase orders remain unaffected by changes to the ICV program.