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BEECHAMBER

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Writer's pictureNewsletter Editor
Apr 9, 20241 min read

WHAT CREDENTIALS ARE NECESSARY TO TENDER ABOVE A FINANCIAL THRESHOLD?


When driving Preferential Procurement Strategies, it's important to note the following for EMEs, QSEs, and Start-up Entities tendering beyond their financial limits: EMEs with over 51% 'Black' ownership must be verified using the QSE Scorecard for contracts of R10 million and above. QSEs must use the Large Enterprise Scorecard for contracts of R50 million and above.

Those driving Preferential Procurement Strategies must bear the following in mind when an EME, QSE with more than 51% ‘Black’ Ownership or a Start-up Entity opts to tender outside their financial threshold.

 

  • EMEs tendering for contracts of R10m and above must be verified using the QSE Scorecard;

  • QSEs tendering for contracts of R50m and above must be verified using the Large Enterprise Scorecard; and

  • Start-ups that qualify as EMEs that want to tender for contracts of R10m and above must be verified using the QSE Scorecard.

 

Certificate Collection Services are available to clarify the validity of any B-BBEE Credentials.

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