ICVCertification

ICV certification is not mandatory for every company, but it is required if you want to bid for contracts with government entities and companies that apply the In Country Value programme. Many procuring entities now weight ICV scores heavily in tender evaluation, so suppliers without a certificate are often excluded from consideration regardless of price.

The cost depends on the size of your company, the complexity of your financial and procurement records, and the certifying body used, so it is quoted after reviewing your figures. Get in touch with Vigor Accounting & Taxation LLC for a proposal tailored to your ICV certification needs.

An ICV certificate is generally valid for twelve months from the date of issue, after which the score must be recalculated and reassessed using the latest audited financial statements. Companies bidding on tenders should track this expiry date closely, as an expired certificate cannot be relied on in a submission.

An inaccurate or overstated ICV score can lead to disqualification from a tender, withdrawal of the certificate, or reputational damage with the procuring entity, since scores are based on audited data submitted to an approved certifying body. Accuracy in the underlying financial and procurement figures is therefore essential before submission.

Companies that supply goods or services to UAE government entities, or to private companies that themselves apply the ICV programme in their own procurement, typically need a certificate to remain eligible for tenders. Whether it applies to you depends on who your customers are and their procurement policies.

You will generally need audited financial statements, trade licence details, Emiratisation and payroll records, procurement and spend data, and information on local investment and asset ownership. The exact list depends on the certifying methodology used, and gathering accurate figures upfront speeds up the score calculation and audit.