BEE Scorecard definition

BEE Scorecard means the generic scorecard which is used as a basis for the measurement of an entity’s BEE status, or such other scorecard or mechanism as may be prescribed in terms of the codes of good practice on BBBEE, as amended from time to time as a basis for the measurement of the Parties’ BEE status;

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BEE Scorecard means a scorecard for the measurement of BEE for a particular enterprise, as set out in the Charter;

BEE Scorecard means a BEE Score and Status presentation by the System in a prescribed format; 'Certificate of Compliance' means a Certificate issued by the Audit Firm to verify the BEE status of the Audit Firm’s client in a prescribed format; ' Certification Fee' means the portion of the Licence Fee payable upon completion of the ME’s rating, signified by the issuing of a BEE Certificate of Compliance; 'Debit Order' means the authorization given to BEE SCORECARD to debit the Bank account of the Audit Firm with the Licence Fee; 'DTI' means the Department of Trade and Industry; 'Effective date' means the date of commencement of this Agreement, which is the date on which the Audit Firm first registers on one of BEE SCORECARD’s websites to use the Service; 'Licence Fee' means the total fee payable by the Audit Firm for use of the Service, consisting of the Registration Fee and the Certification Fee; ’ME’ or ‘Measured Enterprise’ means the business entity undergoing the BEE Rating as defined in the Codes of Good Practice; 'Registration Fee' means the portion of the Licence Fee payable by the Audit Firm upon registering a business entity as a Measured Enterprise on the BEE SCORECARD System, and annually thereafter; 'The Service' means the BEE Rating Service offered by BEE SCORECARD via its web-based user interfaces and applications; 'The System' and ‘BEE Navigator’ means the proprietary web-based application owned by BEE SCORECARD and designed in accordance with the BBBEE Codes of Good Practice and made available to the Audit Firm in terms of this Agreement only.

Examples of BEE Scorecard in a sentence

BEE SCORECARD accepts no responsibility for any reliance that may be placed on the BEE Scorecard by a third party.
The Audit Firm wishes to utilize the Service offered by BEE Scorecard via its proprietary web-based Rating System and BEE SCORECARD agrees to provide the Service to the Audit Firm in accordance with the terms of this Agreement; the Audit Firm agrees to the terms of this Agreement by using the Service.
The Auditing Firm acknowledges that it is solely responsible for the capturing of correct and sufficient data to enable the System to produce a BEE Scorecard for the ME.
Data Integrity Only the information that is entered on the System by the Auditing Firm or the ME will be considered by the System when performing a calculation for the purpose of a BEE Scorecard.
Should the Auditing Firm (either intentionally or unintentionally) misrepresent any data captured on the System and an incorrect BEE Scorecard is calculated as a result of this, the Auditing Firm accepts that BEE SCORECARD (PTY) LTD is indemnified by the Auditing Firm against any loss or damage, whether consequential or punitive, that the Auditing Firm or a third party might suffer as a result of the representation of an incorrect BEE Scorecard.
BEE SCORECARD does not audit or check the information entered on the System by the Auditing Firm or the ME in any way, and the integrity of the BEE Scorecard is therefore based on the accuracy of the input data provided.
BEE Scorecard provides the service ‘as is’ and makes no claims with regard to the performance of the system or the financial, operational or other impact the system may have on the business of the Audit Firm, and cannot be held liable for any such impact.
BEE SCORECARD will not be liable to further display any correct or any updated version of the ME's BEE Scorecard should the Audit Firm unsubscribe to the System for whatever reason.
BEE Scorecard provides the service ‘as is’ and makes no claims with regard to the performance of the system or the financial, operational or other impact the system may have on the business of the Auditing firm and cannot be held liable for any such impact.
The Auditing Firm wishes to utilize the Service offered by BEE Scorecard via its proprietary web-based Rating System and BEE SCORECARD agrees to provide the Service to the Auditing Firm in accordance with the terms of this agreement; the Auditing Firm agrees to the terms of this agreement by using the Service.

More Definitions of BEE Scorecard

BEE Scorecard means a scorecard for the measurement of broad-based black economic empowerment for a particular enterprise as set forth in terms of a Code of Good Practice issued under the Act and specifically includes, without limitation, any BEE scorecard provided for in terms of Statement 000, issued as a Code of Good Practice in terms of Section 9(1) of the Act.

BEE Scorecard means the scorecard contained in the Bus Sector BEE Charter Strategy;

BEE Scorecard means a scorecard for the measurement of broad-based black economic empowerment for a particular enterprise as set out in this Charter.