There are 2 critical ICV inputs which will be used throughout the end-to-end procurement process:
Suppliers should expect ICV to play a role in 3 key areas of the procurement process:
- Supplier onboarding & profile management
- During supplier registration, suppliers will be requested to provide their certified ICV scorecard as part of the registration process
- In addition, suppliers are expected to re-certify themselves, at a minimum, on an annual basis. Suppliers will then refresh the ICV scorecard in their supplier profile to ensure that the latest ICV information is in the system
- During the evaluation of bids, ICV will play a role in the selection of the winning bidder based upon the ICV scorecard or the ICV plan
- Contract execution
- During the execution of the contract, for contracts which require an ICV plan, there will be 2 reviews. One review will be at the middle of the contract and there will also be a final review of the ICV plan at the end of the contract.
- For the review at the end of the contract, the supplier must get their ICV plan certified by a pre approved certifier.
- There will be associated penalties or rewards, agreed during contract negotiations, depending upon the supplier’s performance against their ICV plan.
Compliance to the ICV requirements required in the procurement process is critical. There is no guarantee that the highest ICV bidder will be awarded the contract; the bid evaluation will be a balance between technical, commercial, and ICV evaluation criteria.