Breaking

Contruction Industry Development Board (C.I.D.B)

Business / C.I.D.B. / January 13, 2018

Construction Industry Development Board

The Construction Registration Service provides the development framework to achieve real industry growth, meaningful empowerment, improved delivery, capacity and performance.

CIDB grades and categorizes contractors according to their work and financial position. Contractors must register with CIDB in order to apply for contracts in the public sector.

Contractors must apply for the class of works in which they are capable of performing.

When applying a contractor will have to provide proof of Annual Turnover and proof of contracts previously completed unless they are applying for first grade.

There are nine levels to qualify for. These indicate the size of contracts the contractor is being considered for.

Grade Maximum Contract Value
1 R 200 000,00
2 R 500 000,00
3 R 1 500 000,00
4 R 3 000 000,00
5 R 5 000 000,00
6 R 10 000 000,00
7 R 30 000 000,00
8 R 100 000 000,00
9 Greater than R100 000 000,00

Did you know that in terms of the public sector clients can only award tenders to contractors who registered with the CIDB.


Tags:



Nivesh
Nivesh Mahadeo, Managing Director of ATB Consultants (Pty) Ltd, Accounting - Taxation - Business




Previous Post

Dividends Withholding Taxes

Next Post

Sage Pastel Accounting Software





1 Comment

on February 17, 2018

I came to your ATB Consultants (Pty) Ltd – Contruction Industry Development Board (C.I.D.B) page and noticed you do this registration. Check email I have sent an email I need this service.



Leave a Reply

Your email address will not be published. Required fields are marked *


More Story

Dividends Withholding Taxes

  What is Dividends Tax? Dividends Tax is a tax charged at 15% on shareholders when dividends are paid to them, and,...

January 12, 2018