Team of Professional Chartered Accountants

Pioneer ICV & ADV Consultants

Approved Tax Agency by FTA

OUR SERVICES


PIONEER ICV CERTIFICATION CONSULTANTS

As PIONEER ICV certification Consultants , we have set up a specialized sub-service line for ICV to help our clients in meeting their required level of ICV score in following ways.

– In-Country Value (ICV) certification

ADNOC has introduced an ICV program implemented from 1st April, 2018 which requires that all suppliers of goods or services of ADNOC are mandated to 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.

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– ICV Improvement Plan

When the ADNOC tender requires, the Supplier shall submit an ICV Improvement Plan along with the commercial bid.

The ICV Improvement Plan will be a contractual commitment linked to a payment against the achievement of actual ICV achieved vis-à-vis the ICV committed as per the ICV Improvement plan.

For monitoring of the ICV actual achieved vis-à-vis the ICV planned as per the ICV Improvement plan, the Supplier shall provide the latest ADNOC ICV certificate from the Supplier upon completion of each Agreement year.

A Milestone towards achievement of ICV for an amount of 5% of the Agreement value shall be included in the Contract and this payment will be released after completion of each year from the commencement date of the Agreement in proportion to the actual ICV achieved as per the latest ICV certificate.

– WHAT WE OFFER

We have set up a specialized sub-service line for ICV to help our clients in meeting their required level of ICV score in following ways.

  1. Making the clients understand about the ICV and the determining factors that affect the ICV score.
  2. Suggest the steps of improving ICV score and include the incremental effect of each step in our impact analysis report. This includes mainly, among other steps, the recommendation of restructuring in organizational processes to increase ICV score.
  3. Draft the ICV template, based upon the records of financial year under certification that can be presented to ICV auditor to ensure the achievement of ICV score as per drafted template.
  4. Draft the ICV improvement plans that is required to be submitted with the tenders of ADNOC Group Companies.
  5. Demonstrate about the working criteria for ICV improvement plan and how to present the ICV scores across the period of plan to avoid seizure of ICV milestone payments.
  6. We arrange ICV certifications of our client by ADNOC ICV Certified Agencies

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