Common use of BBBEE and preferencing scheme Clause in Contracts

BBBEE and preferencing scheme. The Contractor is expected to maintained or improve its’ B-BBEE rating for the duration of the contract. Should the rating be change negatively, the Contractor would be expected to rectify that within 6-months of being made aware of negative change. The Contractor is expected to submit a valid B-BBEE Verification Certificate from a SANAS accredited Verification Agency each year. Failure to submit such a Certificate may be regarded as the breach of the contract by the Employer.

BBBEE and preferencing scheme. Refer to the evaluation criteria The Contractor is expected to maintained or improve its’ B-BBEE rating for the duration of the contract. Should the rating be change negatively, the Contractor would be expected to rectify that within 6-months of being made aware of negative change. The Contractor is expected to submit a valid B-BBEE Verification Certificate from a SANAS accredited Verification Agency or sworn affidavit verified by commissioner of oath each year. Failure to submit such a Certificate may be regarded as the breach of the contract by the Employer.

BBBEE and preferencing scheme. The Contractor is expected to maintained or improve its’ B-BBEE rating for the duration of the contract. Should the rating be change negatively, the Contractor would be expected to rectify that within 6-months of being made aware of negative change. The It is a requirement of this Contract for the Contractor to be at least a Level 4 Contributor for the duration of this contract. If it is expected to submit not already a valid B-BBEE Verification Certificate Level 4 then the Contractor would be given a maximum period of 12 months, from a SANAS accredited Verification Agency each year. Failure to submit such a Certificate may be regarded as the breach commencement of the contract by the Employercontract, to comply with this requirement.