ICV Certification Consulting
ADNOC has launched an In-Country Value program with the objective of diversifying the UAE’s economy and focusing on local supplier selection.
As part of this program, ADNOC suppliers are required to declare their ICV achievements to be integrated into
ADNOC’s commercial evaluation process. Since 1 April 2018, all suppliers of goods or services to ADNOC are required to calculate and declare their certified ICV score for the previous financial year, to demonstrate how they are helping to provide value in the local economy.
ADNOC requires an annual third-party verification of the ICV certificate to be conducted. We support our
clients in completing the verification process and acquisition of the ICV certification.
How can Standard Keys ICV consulting help?
The ICV Certificate score is determined by assessing the economic value of the company within the UAE, according to a pre-defined formula. The following are some of the areas taken into consideration: revenue, exports, investments and Emiratisation.
The Standard Keys team will help you in:
-
Gain insight into the ICV process and the factors that determine the ICV score.
-
Formulate plans to improve the ICV score and conduct an analysis of the impact of the action plan on the total ICV score.
-
Prepare the ICV template from the yearly financial records for review by the ICV auditor.
-
Suggest the ICV improvement plans required to be submitted as part of the ADNOC Group tenders.
The ICV certification will need to be carried out on an annual basis as per ADNOC guidelines, and Standard Keys can help guide you through the process.