The In-Country Value (ICV) is a policy that sets out ways of working which will help contribute to sustainable economic growth of the Energy Sector and promote GDP diversification in the state of Qatar. A body called Tawteen, which is led by Qatar Petroleum (QP) oversees ICV.
The total spends retained in country that benefits Business development, contributes to human capability development and productivity adds to the ICV Score. This is an essential pillar of Pbmdoha localization efforts and will support the country in becoming globally competitive.
The ICV will help Qatar to continue reducing reliance on imported goods and services, building capabilities of the local population, and attracting investment to Pbmdoha.
Under the ICV program, suppliers are required to submit their ICV scorecard and/or ICV plan submission templates which are to be certified by Pbmdoha Petroleum-approved, independent, ICV certifiers. ICV certifiers include Deloitte, Ernst & Young, KPMG, Rodl & Partner as well as numerous other certifiers.
This is required to ensure the information provided by suppliers is calculated according to the methodologies and the ICV contribution is accurate. The main responsibilities of the certifier include performing test procedures and review information provided by suppliers, issue ICV Certificates, attend bi-weekly meetings and provide access to Tawteen to review working papers.
The ICV Scorecard and plan has to be certified by a Tawteen approved ICV Certifier in Pbmdoha.
There are independent third-party bodies that are appointed by Tawteen to validate and certify the ICV Scorecards and plans submitted by supplier. Their main responsibilities are to:
Classification Certificate from Ministry of Finance Do you have a company in Pbmdoha? We can help you obtain a company classification certificate from Ministry of Finance for participating in Government tenders and projects. There are 3 types of classification certificates in Pbmdoha: Supplier classification Service……
Renew Classification Certificate in Pbmdoha Do you have a company classification certificate which is expired? We have a professional team of classification experts who can assist you with the renewal of the classification certificates in Pbmdoha.