Calculate your ICV Score in UAE and Ways to Improve it
Boost Your ICV Score with Targeted Strategies and Expert Support. Our specialized approach helps you enhance your score, ensuring compliance and positioning your business for greater opportunities and success.
Let's Connect
Our Calculation Services
ICV Score Assessment & Calculation
Accurately assess and calculate your company's ICV score based on UAE regulations.
ICV Certificate Preparation
Assist in preparing and submitting documentation for obtaining the official ICV certificate.
Financial Audits for ICV Compliance
Conduct financial audits to identify gaps and align your business with ICV compliance.
ICV Score Improvement Advisory
Provide ongoing consultation on strategies to enhance your ICV score, such as increasing local procurement and hiring Emiratis.
Training and Support for ICV Compliance
Train your team on maintaining and improving ICV scores, ensuring long-term compliance.
Monitoring and Reporting on ICV
Regularly monitor your ICV performance and provide reports to track progress and suggest improvements.
Benefits of Choosing Wayz Advisory
Expert Knowledge of UAE ICV Framework
Wayz Advisory has in-depth knowledge of the UAE’s ICV regulations, ensuring accurate calculations and tailored strategies to meet your business needs.
Comprehensive Compliance Support
We provide end-to-end support, from preparing documentation to securing your ICV certificate, ensuring your business remains compliant with UAE requirements.
Proven Track Record
With a history of successfully improving ICV scores for clients across diverse industries, we bring the expertise needed to maximize your score and improve contract opportunities.
Enhanced Competitiveness in Government Tenders
By improving your ICV score, we help your business gain a competitive edge in bidding for government and semi-government contracts.
Continuous Monitoring and Updates
We provide ongoing monitoring of your ICV performance, ensuring your score is consistently optimized as regulations evolve.
Cost-Effective Solutions
Wayz Advisory offers efficient and affordable services to help you improve your ICV score without unnecessary overhead costs.
Client Feedback
Wayz Advisory helped us navigate the complexities of ICV score calculation with ease. Their team provided clear guidance and a tailored strategy that boosted our score significantly. Thanks to them, we’ve secured more government contracts and improved our market position in the UAE.
The expertise and personalized approach from Wayz Advisory made all the difference for our ICV score. They identified key areas for improvement, and within months, our score increased, allowing us to qualify for larger tenders. Their support has been invaluable.
Working with Wayz Advisory has been a game changer for our business. They handled our ICV calculation efficiently and provided actionable steps to improve it. With their help, we’ve gained a competitive edge in the UAE market, and the results have been outstanding.
Previous
Next
FAQs
How do I calculate my company's ICV score?
To calculate your ICV score, first identify the factors to evaluate, such as local procurement, employment, and investments. Gather data on these areas, including records of local purchases, employment details, and investments in infrastructure. Next, calculate the values for local procurement, employment, and investments. Apply any specified weightings or adjustments based on ICV criteria. Aggregate these values to obtain the overall score, then review and validate the results before submitting them, along with the necessary documentation, to the certifying authority for certification.
What strategies can be used to improve an ICV score?
Strategies to improve an ICV score include increasing local procurement, enhancing local employment and training, investing in local infrastructure and development, and optimizing supply chain practices. Wayz Advisory helps identify and implement these strategies to achieve a higher score.
How does Wayz Advisory assess current practices to determine areas for ICV score improvement?
Wayz Advisory assesses current practices by conducting a comprehensive review of your procurement, employment, and investment activities. We evaluate your existing processes against ICV criteria, identify gaps, and recommend improvements to enhance your ICV score.
What role does local procurement play in improving an ICV score?
Local procurement plays a significant role in improving an ICV score by increasing the amount of goods and services sourced from local suppliers. By prioritizing local suppliers and vendors, businesses can enhance their ICV score and contribute more to the local economy.
How can Wayz Advisory help with increasing local employment to improve an ICV score?
Wayz Advisory helps increase local employment by analyzing your current workforce, identifying opportunities for hiring local talent, and implementing recruitment strategies focused on local candidates. We also assist in developing training programs to enhance the skills of local employees.
What are the benefits of investing in local infrastructure for ICV score improvement?
Investing in local infrastructure benefits ICV score improvement by demonstrating a commitment to the local economy and supporting community development. It can also enhance your company’s reputation, foster positive relationships with local stakeholders, and contribute to a higher ICV score.
How can Wayz Advisory help with optimizing supply chain practices for better ICV scores?
Wayz Advisory helps optimize supply chain practices by evaluating your supply chain processes, identifying opportunities for local sourcing, and improving efficiency. We provide recommendations to enhance procurement practices and ensure that they align with ICV criteria.
What impact does employee training have on improving an ICV score?
Employee training impacts ICV score improvement by enhancing the skills and capabilities of local employees, which contributes to local value creation. Investing in training programs can demonstrate your commitment to workforce development and help meet ICV requirements.
How often should a company review and update its practices to maintain a high ICV score?
A company should regularly review and update its practices to maintain a high ICV score. This includes conducting periodic assessments, staying updated on ICV criteria, and implementing continuous improvement strategies. Wayz Advisory assists in maintaining compliance and optimizing practices over time.
How does Wayz Advisory measure the effectiveness of strategies implemented to improve an ICV score?
Wayz Advisory measures the effectiveness of implemented strategies by monitoring key performance indicators, conducting follow-up assessments, and analyzing changes in the ICV score. We track progress and adjust strategies as needed to ensure continuous improvement.
