TFAB

  • ICV Consulting

    ICV Gap Analysis

  • ICV Consulting

    ICV Strategy Development

  • ICV Consulting

    Supplier Management

  • ICV Consulting

    ICV Report Preparation

  • ICV Consulting

    ICV Certification Support

The UAE government has implemented the In-Country Value (ICV) program, a strategic initiative to encourage businesses operating in the country to contribute to the development of the national economy. Understanding ICV requirements and navigating the reporting process can be complex. Here’s what you need to know:

What is ICV?

The ICV program aims to increase the UAE’s self-sufficiency and stimulate local job creation. Companies bidding on government tenders and contracts must demonstrate their commitment to ICV by achieving a specific ICV score.

ICV Score Calculation

The ICV score is calculated based on various factors

Local Value Added

The percentage of total project spend that goes towards hiring local employees, sourcing materials from the UAE, and developing local capabilities.

Subcontracting

The extent to which the company involves Emirati-owned or joint venture subcontractors in the project.

Knowledge Transfer

The company's efforts in transferring knowledge and skills to the UAE workforce through training programs.

Benefits of Partnering with TFAB

Increased Tender Success

Our expertise helps you submit competitive bids with strong ICV scores, increasing your chances of winning government tenders.

Enhanced Compliance

TFAB ensures your ICV reporting adheres to all regulations, minimizing the risk of penalties and delays.

Streamlined Processes

We take the complexity out of ICV compliance, allowing you to focus on core business activities.

Local Market Expertise

TFAB leverages its knowledge of the UAE market to identify opportunities for maximizing your local value contribution.

Regulatory Requirements and Reporting

  • ICV Certification

    Companies supplying goods or services to certain government entities may require ICV certification from an approved auditing firm.

  • ICV Reporting

    Companies participating in tenders must submit detailed reports outlining their ICV contributions as part of their tender bids.

TFAB: Your Trusted Partner for ICV Success

At TFAB, our team of ICV specialists possesses a deep understanding of the program’s regulations and reporting requirements. We offer a comprehensive range of services to help businesses achieve ICV compliance and maximize their score:

  • ICV Gap Analysis

    We evaluate your current operations to identify areas for improvement and boost your ICV score.

  • ICV Strategy Development

    TFAB works with you to develop a customized ICV strategy that aligns with your business goals and maximizes your local value contribution.

  • Supplier Management

    We assist in identifying and collaborating with local suppliers to enhance your ICV score.

  • ICV Report Preparation

    TFAB helps you prepare comprehensive and accurate ICV reports for tender submissions.

  • ICV Certification Support

    We guide you through the ICV certification process, ensuring you meet all necessary requirements.

The Importance of ICV Compliance

Failing to comply with ICV requirements can have significant consequences

Disqualification from Tenders

Disqualification from Tenders

Companies with insufficient ICV scores may be disqualified from participating in government tenders.

Project Delays

Project Delays

Incomplete or inaccurate ICV reports can lead to project delays and additional scrutiny.

Reputational Damage

Reputational Damage

Non-compliance can damage a company's reputation and hinder future business opportunities in the UAE.
Unlocking ICV Opportunities

The ICV program presents a chance for businesses to contribute to the UAE’s growth while securing lucrative government contracts. Partner with TFAB to navigate ICV compliance with ease and unlock exciting opportunities in the UAE market.

Contact us today for a free consultation and discuss how our ICV consulting services can empower your business success.

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  • Office - 26/113, Level 1, Al Fajar Building Oud Metha, Dubai, U.A.E

  • +971 56 996 2224
    +971 55 331 5440

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