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Friday, September 14, 2012

How Black Economic Empowerment (BEE) Score card works and ratings

Nowadays it is required for businesses to comply with this "Quality Standard" which ensures compliance and true empowerment amongst the disadvantaged hence BEE certification is awarded to companies and individuals that comply. 

The BEE compliance is encouraged by government entities to get tenders. Much of the information would have to be verified and it is another way the government is taking steps to ensure that companies are taking the project to consideration and it has become a requirement when awarding tenders.

If you have not made your information publicly available on the web for clients to find you and your information, take advantage of this opportunity to use the web to do as such and take the hassle out of people trying to find you or seek your profile including the accomplished projects. Such information is recorded on the CIDB when registered with it and CIDB updates your information until a Highest Grading possible in line with your current projects as well as the accomplished ones to sum up the value of your business. Use the Grading Designation Calculator to value your business's worth here and the highest grading possible.

One other body that needs to be considered is the NHBRC which Construction companies need to be in contact with for Housing construction and laws that come with it.

To register your business and apply for a Tax Clearance certificate contact me here for more information. The onus would be on you to register in various company databases and get your company out there...

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