In-Country Value FAQs
Q: What is the ICV certificate?
Answer: A certificate which measures the contribution of the company towards the local economy.
Q: What are the economic benefits of the ICV certificate?
Answer: The United Arab Emirates aims to diversify the local economy, strengthen supply chains, increase Emiratization in the private sector and transfer technology knowledge to the local companies.
Q: What is the difference between and ADNOC's In-Country Value Program (ICV) and Abu Dhabi Local Content Program? Are there two certificates?
Answer: The two programs differ in terms of implementation in tenders, but all programs, including the Abu Dhabi Local Content Program which applies to government and semi-government tenders, will require one certificate which is the ICV 3.0.
Q: Is the ICV certificate limited to small and medium sized companies only or large ones as well?
Answer: No, the ICV certificate is not limited to company size.
Q: Which accredited providers issue an ICV certificate?
Answer: There are currently 10 authorized certifying bodies (CBs) who issue ICV certificates based on their evaluation.
Q: Can the percentage of the ICV score vary from one certifying body to another?
Answer: This is not possible as all the criteria and forms used for the account have been standardized among all the certifying bodies.
Q: What are the requirements for issuing an ICV certificate?
Answer: Audited and approved financial statements, along with other requirements requested by the certifying bodies.
Q: How long does it take to issue a certificate?
Answer: The certificate is issued between 3-15 business days if the financial statements are ready and approved, depending on the size of the company.
Q: How much does it cost to issue an ICV certificate?
Answer: The prices for the ICV certificates are not fixed and may vary from one certifying body to another, as such the ICV certificate platform allows the applicant to receive quotations from all the certifying bodies.
Q: What is the duration of the ICV certificate?
Answer: The validity of the certificate is 14 months from the date of issuance of the company’s financial statements.
Q: What are the benefits of issuing an ICV certificate?
Answer: ICV certification is a requirement for all companies operating in Abu Dhabi that wish to apply for governmental and semi-governmental procurements. The ICV factor accounts for 40% of the financial evaluation.
Q: What government entities require the ICV certificate?
Answer: All government and semi-government entities in Abu Dhabi require an ICV certificate for their procurements.
Q: Is the ICV certificate a mandatory or an optional requirement when applying for government tenders?
Answer: Applying for an ICV certificate is optional for entities wishing to enter procurements in Abu Dhabi, however during the financial evaluation, their ICV score will be counted as zero (0) in case an ICV certificate is not submitted.
Q: How can I benefit from the ICV certificate if I’m not applying for any tenders in Emirate of Abu Dhabi?
Answer: Principal companies looking to win procurements in the Emirate of Abu Dhabi are more likely to direct their purchases to companies who obtain an ICV certificate in order to better their personal ICV score.