Your Ultimate Checklist for Working with an ICV Consultancy

As the UAE continues to strengthen its commitment to economic diversification and national development, the In-Country Value (ICV) program has become an essential element for companies seeking to remain competitive—especially when bidding for government and semi-government contracts. To meet ICV requirements efficiently and accurately, many businesses are turning to specialized ICV consultancy firms.

Whether you’re a manufacturer, service provider, or part of the supply chain, working with an ICV consultancy can significantly streamline your certification process, improve your ICV score, and align your operations with national goals. But how do you ensure you’re getting the most out of this partnership?

Here’s your ultimate checklist for working with an ICV consultancy:

1. Understand Your ICV Obligations

Before engaging any consultant, gain a basic understanding of the ICV program and how it applies to your business. This will help you communicate effectively with your ICV consultancy and ask the right questions.

Tip: Know which version of the ICV certificate applies to you—ADNOC, MoIAT, or Group ICV—and whether your company is exempt or required to comply.

2. Verify Consultancy Credentials

Not all consultants are created equal. Look for firms with:

• Proven experience in ICV reporting and strategy

   

• A team of qualified financial analysts or auditors

   

• Familiarity with your industry and its unique ICV metrics

   

Ask for: Case studies, references, or proof of previous ICV certification work.

3. Conduct a Preliminary ICV Assessment

A professional ICV consultancy should begin by conducting an internal ICV assessment. This identifies current gaps, forecasts potential scores, and recommends improvements before submission.

Why it matters: An accurate baseline sets the stage for a solid improvement strategy and helps avoid costly mistakes.

4. Prepare Financial Documentation

ICV certification is heavily dependent on audited financial statements. Make sure your books are up to date and in compliance with local regulations.

Your consultant should help with:

• Reviewing audited financials

   

• Aligning accounting practices with ICV score components

   

• Organizing supporting documents like payroll, procurement, and investment records

   

5. Align Procurement and HR Data

Your ICV consultancy will require details about:

• Local vs. international procurement

   

• Emirati employment and salary data

   

• Investments in local assets or training programs

   

Pro tip: Maintain detailed and categorized data throughout the year to reduce last-minute rushes.

6. Set Realistic Score Improvement Goals

Beyond just getting certified, top ICV consultants help you improve your score over time by:

• Recommending cost-effective strategies for localization

   

• Creating roadmaps for better HR and procurement practices

   

• Advising on strategic investment in UAE operations

   

Result: Higher ICV scores that make your bids more competitive in tender evaluations.

7. Ensure Timely Submission

Deadlines matter. Make sure your consultant keeps track of:

• Certification renewal dates (ICV certificates are valid for 14 months)

   

• Changes to ICV methodology or rules

   

• Government platform submission timelines

   

A reliable ICV consultancy will maintain compliance calendars and alert you well in advance.

8. Follow Through Post-Certification

Certification isn’t the end of the road. Your consultant should:

• Help integrate ICV practices into everyday operations

   

• Offer ongoing advisory services for maintaining/improving scores

   

• Prepare you for audits or tender evaluations

   

Final Thoughts

Partnering with an experienced ICV consultancy can take a major burden off your shoulders, giving your company a strategic edge in the UAE market. However, the success of that partnership depends on how prepared and proactive your business is.