Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Codes of Good Practice on Broad-Based Black Economic EmpowermentProperty Sector Charter12. Preferential Procurement |
(12.1) | To date there has been limited implementation of preferential procurement practices in the sector. The parties to the charter therefore commit to achieve the following targets: |
(12.1.1) | 70% of procurement spend from all suppliers based on the BEE procurement recognition levels as a percentage of the total measured procurement spend; |
(12.1.2) | 15% of procurement spend from QSE's or EMEs based on the applicable BEE procurement recognition levels as a percentage of total measured procurement spend; |
(12.1.3) | 20% of procurement spend from any of the following suppliers (regardless of their BEE procurement recognition level) as a percentage of total measured procurement spend: |
(12.1.3.1) | Suppliers that are more than 50% black owned (3 out of 5 points); |
(12.1.3.2) | Suppliers that are more than 30% black women owned (2 out of 5 points) |
(12.1.4) | 40% of procurement spend property service Enterprises (level 1-4) as a percentage of total property Services spend. |
(12.1.5) | 40% procurement spend in property services Enterprise element, applies to property owners. The Property services comply with code 500 of Codes of Good Practice. |
CODE 500: PREFERENTIAL PROCUREMENT SCORECARD
CRITERIA |
WEIGHTING POINTS |
COMPLIANCE TARGET |
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BEE Procurement Spend from all Suppliers based on the BEE Procurement Recognition Levels as a percentage of total measured procurement spend |
10 |
70% |
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BEE procurement spend from Qualifying Small Enterprises or Exempted Micro-Enterprises based on the applicable BEE procurement recognition levels as a percentage of total measured procurement spend |
2 |
15% |
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BEE procurement spend from any of the following Suppliers (regardless of their BEE procurement recognition Level) as a percentage of total measured procurement spend:
|
5 |
20% (12%) (8%) |
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% of procurement spend with Black owned enterprises (Level 1-4) as a percentage of total property services spend |
3 |
40% |