ICV Plan Tracker is the tool used to track how much the Company is spending on ICV in a particular contract. The Company tracks and demonstrates its actual spend achieved at the end of contract execution using the ICV Plan Tracker.

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.

Enhanced ICV Program Go Live! Roll-out of transition plan and refined ICV formula

In an effort to maximise the industry’s contribution to social and economic development in the country, the Ministry of Energy and Minerals decided to form the In-Country Value (ICV) committee marking the beginning of the journey of ICV.

In ADNOC’s ICV program, suppliers are expected to provide the ICV related documents in their commercial bids when bidding with ADNOC. ADNOC will consider ICV certification and ICV Improvement Plan (if required as per RFT) during the tender evaluation process.

ICV program in Oman aims to develop the skills of Oman’s workforce and increasing in-country spending on local goods and services. It consists of the following seven elements with an overarching aim of maximising ICV in the oil & gas sector. These elements are part of a standard ICV Plan in Oman.

The ICV Plan Templates are part of the tools provided by Tawteen. The ICV Plan is a forward looking view, based on The Company’s planned spend during the contract execution. The ICV Plan must be certified by an ICV Certifier at the end of the contract. For contracts over a year long, The Buying Entity may request the ICV Plan

In Qatar, the ICV formula is based on a plan of how the supplier will spend within the country. The aggregate ICV is measured as the total value created in the country across specific components, divided by the value of the contract.

ICV certification is a process to certify supplier or contractor ICV score by the independent pre-approved ICV certifiers. Purpose of ICV Certification: To ensure validity and accuracy of the information provided by suppliers in terms of ICV Contribution.

The In-Country Value (ICV) program serves to reward the suppliers’ or contractors’ contribution to Qatar. ICV is integrated into the procurement process in the energy sector. The ICV Digital Portal is an online platform that allows suppliers and contractors to register and obtain their ICV certification, as well as monitor their ...