• ADNOC has launched an In-Country Value (ICV) program with the objective of growing and diversifying the UAE’s economy and creating opportunities for UAE nationals in the private sector.
• All ADNOC suppliers are required to declare their ICV achievement.
• ADNOC requires an annual third-party verification of the numbers of the ICV Certificate to be conducted.
• Abu Dhabi Value (ADV) Program aims at localising suppliers and developing UAE Nationals.
• ADV focuses on:
1) Boosting growth and diversification of Abu Dhabi’s economy; and
2) Creating employment opportunities for Emirati nationals in the private sector.
• Suppliers will be asked to submit an ADV Certificate along with their bid.
Engaging in business with ADDED(Abu Dhabi Department Of Economic Development) will require carrying out:
• Self-assessment in accordance with ADDED’s provided material.
• Certification of such self-assessment by an accredited certifying body (ADV Certificate).
• Drawing up an ADV Improvement Plan (if contracting directly with ADDED)
BASIS OF CALCULATION FOR ICV OR ADV:
A) The ICV or ADV scores are calculated by assessing the economic value for the goods or services offered by the company, by taking into consideration the following areas:
• Goods manufactured
• Third party spend
• Expatriate contribution
B) There is a panel of independent certification bodies to confirm information submitted by suppliers under the program.
C) All suppliers of goods or services to ADNOC are required to calculate and declare their ICV or ADV scores for the previous financial year, to demonstrate how they are helping to deliver ICV or ADV.
D) The ICV or ADV scores will be used to rank suppliers during the procurement process, with the contract being typically awarded to the company with lowest bid and highest ICV or ADV score.