In-Country Value (ICV) measures the economic value added from local operations and retained spend. ICV is measured using a formula which captures the contribution of eligible local costs from total costs incurred from operations in the State of Qatar. This formula considers the contribution from local purchases, upskilling the workforce, developing local suppliers, and establishing capital investments.
ICV rewards bidders based on their local contribution, providing them with a competitive advantage during commercial evaluation in tenders with the Energy Sector.
Tawteen’s ICV Program was developed to complement the Qatar National Vision 2030. The ICV Program drives the localization agenda within the Energy Sector through the following key enablers:
ICV in Qatar is driven by focusing on the following strategic objectives of localization:
ICV changes behaviors related to procurement and suppliers’ spend. Suppliers are motivated to adapt their procurement strategy due to the role of competitive pricing and ICV Score in commercial evaluation.
ICV encourages local businesses to grow and broaden local sources to enhance supply chain resilience and business continuity. In turn, this reduces dependencies on imported goods and services, resulting in logistical cost savings and shortened lead-time.
ICV promotes GDP diversification by developing and supporting local suppliers. Additionally, the ICV Program incentivizes foreign suppliers to establish new opportunities within the State of Qatar.
ICV rewards suppliers who invest into the development of other local suppliers by capturing 100% of the respective spend in their ICV Score. Suppliers are further recognized for innovation and best industry practices through the Bonus Scheme.
ICV incentivizes competitive behaviors such as exports, productivity & automation, and research & development by rewarding strategic progress through the bonus scheme.
The ICV Plan content will be updated as part of the enhanced ICV Program at a later stage.
A
B
C
D
R
The ICV Plan content will be updated as part of the enhanced ICV Program at a later stage.
A
B
C
D
R