Formula
ICV Formula
The ICV-certifying bodies that issue certificates to suppliers will use the below formula to evaluate their eligibility, issue ICV certificates and calculate their score.
Goods Manufacturer ICV Formula
Manufacturing Cost | Investment | Emiratization | Expat Contribution | ICV Bonus | Advanced Technology & Sustainability Bonus | |||||||||||||||
50% | 25% | 15% | 10% | 5% | 6% | |||||||||||||||
(Manufacturing cost incured in UAE + Emirati Cost + 60% of Expat Cost) (Total Cost) |
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Manufacturing Cost |
50% |
(Manufacturing cost incured in UAE + Emirati Cost + 60% of Expat Cost) (Total Cost) |
Investment | ||||
25% | ||||
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Emiratization | ||
15% | ||
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Expat Contribution | ||||||||
10% | ||||||||
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ICV Bonus | |||
5% | |||
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Advanced Technology & Sustainability Bonus | ||||
6% | ||||
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Service Provider ICV Formula
Third Party Spend | Investment | Emiratization | Expat Contribution | ICV Bonus | Sustainability Bonus | |||||||||||||||
50% | 25% | 15% | 10% | 5% | 3% | |||||||||||||||
((Value of Purchase x ICV of supplier) + Emirati Cost + 60% of Expat Cost) (Total Cost) |
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Third Party Spend |
50% |
((Value of Purchase x ICV of supplier) + Emirati Cost + 60% of Expat Cost) (Total Cost) |
Investment | ||||
25% | ||||
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Emiratization | ||
15% | ||
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Expat Contribution | ||||||||
10% | ||||||||
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ICV Bonus | |||
5% | |||
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Sustainability Bonus | ||||
3% | ||||
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