ICV Certification Program: Who Qualifies and What You Get
Learn how the ICV Certification Program helps suppliers gain a competitive edge in government and semi-government procurement processes.
The ICV Certification Program is a way for businesses to demonstrate how much they contribute to the local economy through their spending and operations.
Who it's for
This program is designed for suppliers who are bidding for contracts with government and semi-government entities.
What you get
By participating, your business gains a competitive edge during procurement processes. Your score is based on how much of your spending stays within the local economy.
What it costs you
To participate, you must undergo a third-party audit of your financial statements to verify your local value contribution.
The catch to know
Your ICV score is not permanent; it is only valid for one year. You will need to go through the re-certification process every year to keep your score current.
How to apply
- Prepare your company's financial statements.
- Engage a certified third-party auditor to review your spending.
- Obtain your official certification based on the audit results.
- Use your score when bidding for government and semi-government contracts.