Providers to submit the improvement plan with the commercial bid. The improvement plan is viewed as 01 binding and shall not be revised.
New thoughts will be implemented by Nov. 2018. ADNOC Group will apply the new considerations partially on a few of its significant tenders instantly
During the assessment, the combination of ICV Certificate and Improvement Plan will be applied to arrive at the general score. The provider with the highest overall score will be approached first to equate to a target cost with the committed ICV at his own submission.
The objective to be monitored quarterly to ensure the provider is on track. Any shortfall noticed shall be communicated to the supplier for a quick rectification action plan
A milestone of 5% of contract value will be introduced to ensure the ICV achievement. Annual Progressive payments shall be made according to the compliance with the ICV target
Supplier to submit the required ICV certificate to prove achievement of the ICV milestone to release the respective payment accordingly
