Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)
Amended Codes of Good Practice (2017)
Amended Code Series CSC400: Measurement of the Preferential Procurement and Supplier Development Element of Broad-Based Black Economic Empowerment in the Construction Sector
Statement CSC400: The General Principles for Measuring Preferential Procurement and Supplier Development
8. The Calculation of Preferential Procurement Contributions to B-BBEE
|8.1||A measured Entity receives a score for procurement in proportion to the extent that it meets the compliance Target.|
|8.2||The Measured Entity's score for Preferential Procurement contributions to B-BBEE under the preferential procurement scorecard can be calculated in terms of Formula "B" in Annex CSC400 (A).|
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