How Can We Get ICV Certification in Qatar?

The In-Country Value (ICV) is a policy that outlines methods of operation that will aid in promoting GDP diversification in the state of Qatar and sustained economic growth of the energy sector. ICV is supervised by a group called Tawteen, which is run by Qatar Petroleum (QP). In-Country Value is one of the most important components of the Tawteen Programme, which serves as a gauge for how much local content providers and contractors contribute.

The ICV Score is influenced by the total amount of money that is spent locally and supports economic growth, the improvement of human capabilities, and productivity. This is a crucial component of Qatar's localization efforts and will help the nation become more competitive on a global scale.

The ICV will assist Qatar in lowering its dependency on imported goods and services, enhancing the skills of the populace, and luring investment to the country.

What is ICV certification in Qatar?

Suppliers are expected to submit their ICV scorecard and/or ICV plan submission templates as part of the ICV program, and these documents must be validated by independent ICV certifiers who have been approved by Qatar Petroleum. Deloitte, Ernst & Young, KPMG, Rodl & Partner, and a large number of other certifiers are examples of ICV certifiers.

This is necessary to guarantee that the data supplied by suppliers is computed in accordance with the methodology and that the ICV contribution is correct. The certifier's primary duties include carrying out test processes, reviewing the data supplied by suppliers, issuing ICV Certificates, attending biweekly meetings, and granting Tawteen access to review working papers.

Click here to apply for ICV certification.

Steps for Obtaining ICV Certification in Qatar

A Tawteen accredited ICV Certifier in Qatar must certify the ICV Scorecard and strategy.

The methods for obtaining an ICV Certificate in Qatar are as follows:

• Supplier registers on ICV digital portal of Tatween.
• Supplier works with an ICV Certifier who has been pre-approved.
• The supplier fills out the ICV Scorecard and delivers it to the ICV Certifier.
• The certifier uses the necessary supporting documentation to validate the ICV Scorecard.
• Along with the Factual Finding Report (FFR), the ICV certifier and supplier sign the provided ICV Scorecard Certificate.

Purpose of ICV Certification

• To guarantee the reliability and correctness of the data supplied by providers regarding ICV contribution.
• To guarantee that suppliers' ICV Scores are founded in fact and computed in accordance with the established methodology.

ICV Certifiers in Qatar

The third-party independent audit companies known as ICV Certifiers will certify and distribute the ICV Scorecards. Contact one of these pre-approved Certifiers to begin the certification process. The main responsibilities of these certifiers are,

• Execute test processes and evaluate data from suppliers
• Release Factual Finding Reports with the ICV Certificates in them.
• Attend and participate in the biweekly sessions of the ICV Certifiers panel.
• Give access to Tawteen and check out working papers.

How Does ICV Certification Help the Suppliers in Qatar?

The ICV Policy has an impact on the tendering and awarding process, where local suppliers and contractors will get a competitive advantage.

Suppliers should anticipate that ICV in Qatar will have an impact on the following three areas:

Supplier onboarding

Supplier onboarding involves the initial registration and qualification process for suppliers seeking ICV certification in Qatar. 

Tendering

Once suppliers are on-boarded and certified, they can participate in tendering processes for government contracts or projects.

Contract review

A contract review is conducted to ensure continued compliance with ICV requirements throughout the contract duration. The ICV plan is subject to three reviews: two throughout contract execution, one in the middle, and a final assessment at the conclusion of the contract.

Technical, business, and ICV evaluation factors are used to determine the winning bidder. It is essential that the ICV criteria are followed during the procurement process.

How Kreston SVP assists with ICV Certification in Qatar

As a professional services firm, can provide valuable assistance to companies seeking ICV certification in Qatar. For more details, please speak to our consultants at +974 66688575/33523555 or email info@krestonsvp.com