Preferential Procurement definition

Preferential Procurement refers to all spend with BEE compliant suppliers, to be calculated as follows: 45.2.18.1 one Rand (R1) for every one Rand (R1) spent with Excellent BEE Contributors, Good BEE Contributors, BEE Compliant SMMEs and Black Women Owned BEE Contributors; and 45.2.18.2 fifty cents (50c) for every one Rand (R1) spent with Satisfactory BEE Contributors; all of which terms are defined as follows: 45.2.18.3 an Excellent BEE Contributor means a company which has scored in excess of 90 percent on a BEE scorecard under a scorecard governing that company's sector or a BEE scorecard issued in the Codes of Good Practice and under the BEE Act; 45.2.18.4 a Good BEE Contributor means a company which has scored in excess of 65 percent, but less than 90 percent, on a BEE scorecard under a scorecard governing that company's sector or a BEE scorecard issued in the Codes of Good Practice and under the BEE Act; 45.2.18.5 a Satisfactory BEE Contributor means a company which has scored in excess of 40 percent but less than 65 percent, on a BEE scorecard under a scorecard governing that company's sector or a BEE scorecard issued in the Codes of Good Practice and under the BEE Act; 45.2.18.6 a Limited BEE Contributor means a company which has scored less than 40 percent, on a BEE scorecard under a scorecard governing that company's sector or a BEE scorecard issued in the Codes of Good Practice and under the BEE Act; 45.2.18.7 a BEE Compliant SMME means a small, medium or micro enterprise (with a turnover of up to R10 million per annum) which is either an Excellent, Good or Satisfactory Contributor to BEE; and

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Preferential Procurement means the extent to which a Measured Entity procures goods and services from suppliers with B-BBEE Recognition Levels;

Preferential Procurement refers to all spend with BEE compliant suppliers, to be calculated as follows: 48.2.18.1 one Rand (R1) for every one Rand (R1) spent with Excellent BEE Contributors, Good BEE Contributors, BEE Compliant SMMEs and Black Women Owned BEE Contributors; and 48.2.18.2 fifty cents (50c) for every one Rand (R1) spent with Satisfactory BEE Contributors; 48.2.18.3 all of which terms are defined as follows: 48.2.18.4 an Excellent BEE Contributor means a company which has scored in excess of 90 percent on a BEE scorecard under a scorecard governing that company's sector or a BEE scorecard issued in the Codes of Good Practice and under the BEE Act; 48.2.18.5 a Good BEE Contributor means a company which has scored in excess of 65 percent, but less than 90 percent, on a BEE scorecard under a scorecard governing that company's sector or a BEE scorecard issued in the Codes of Good Practice and under the BEE Act;

Examples of Preferential Procurement in a sentence

Preferential Procurement Regulations, 2017 (Regulation 8) make provision for the promotion of local production and content.
In accordance with regulation 12.(3) of the Preferential Procurement Regulations, 2017, the Contractor may not subcontract more than 25% of the value of the contract to any other enterprise that does not have an equal or higher B-BBEE status level of contributor than the Contractor, unless the contract is subcontracted to an EME that has the capability and ability to execute the subcontract.
The tender will be adjudicated by City of Mbombela in terms of the Preferential Procurement Policy Framework Act, no.
The tender will be adjudicated by the City of Mbombela in terms of the Preferential Procurement Policy Framework Act, no.
The bid for the appointment of each service provider will be evaluated on mandatory requirement, functionality, preference point system and specific goals in accordance with the Preferential Procurement Regulation 2022.
The 80/20 preference points system will be applicable for the evaluation of this process in accordance with the Preferential Procurement Regulations 2022.
In terms of Regulation 4(2); 5(2); 6(2) and 7(2) of the Preferential Procurement Regulations, preference points must be awarded for specific goals stated in the tender.
A preferential point system shall apply whereby this contract will be allocated to a bidder in accordance with the Preferential Procurement Policy Framework Act, No 5 of 2000 and as defined in the conditions of bid in the bid document, read in conjunction with the Preferential Procurement Regulations, 2017, where 80 points will be allocated in respect of price and 20 points in respect of B-BBEE status level of contribution.
A preferential point system shall apply whereby this contract will be allocated to a bidder in accordance with the Preferential Procurement Policy Framework Act, No 5 of 2000 and as defined in the conditions of bid in the bid document, read in conjunction with the Preferential Procurement Regulations, 2017, where 80 points will be allocated in respect of price and 20 points in respect of B- BBEE status level of contribution.
A 80/20 preferential point system shall apply whereby a contract will be allocated to a tenderer in accordance with the Preferential Procurement Policy Framework Act, Act No 5 of 2000 and as defined in the Conditions of Tender in the tender document, read in conjunction with the Preferential Procurement Policy of ▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ Seme Local Municipality where 80 points will be allocated in respect of price and 20 points in respect of targeted goals.

More Definitions of Preferential Procurement

Preferential Procurement refers to all spend with BEE compliant suppliers, to be calculated as follows:

Preferential Procurement means the strategy used to secure the participation of preferred groups in line with the PPPFA as a primary driver to stimulate the B- BBEE development.

Preferential Procurement means the extent to which a Measured Entity Levels;

Preferential Procurement means the procurement of goods or services by the State and the private sector from an enterprise with a sufficient Broad Based Black Economic Empowerment status, i.e. a rating of 30% and above

Preferential Procurement the development of local black owned SMMEs will allow PMC to maximise points for black owned and black women owned businesses through the supplier development programme.