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Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)

Industry Charters

Construction Sector Charter

Code Series 2500 : Measurement of Preferential Procurement Element of Broad-Based Black Economic Empowerment

Statement 2500 : The General Principle for Measuring Preferential Procurement

 

1)        The Preferential Procurement Scorecard

Criteria

Weighting Points

Compliance Targets

1.1

B-BBEE Procurement Spend

0-4 Years

5-7 Years

1.1.1

B-BBEE Spend on all Suppliers based on the B‑BBEE Procurement Recognition Levels as a Percentage of Total Procurement Spend

12

50%

70%

1.1.2

B‑BBEE Procurement Spend from Qualifying Small Enterprise or Exempted Micro Enterprise based on the applicable B‑BBEE Procurement Recognition Levels as a percentage of Total Measured Procurement Spend

3

10%

15%

1.1.3

B-BBEE Procurement Spend from any of the following Suppliers as a percentage of Total Measured Procurement Spend:


1.1.3.1

Suppliers that are 50% black owned

3

9%

12%

1.1.3.2

Suppliers that are 30% black women owned

2

6%

8%

 

2)        Code 500

 

a) In addition to the exclusion listed in Code 500, the BEP'S will be permitted to exclude current facility rental contracts. This relaxation will be for contracts signed before the 1st of November 2005 and will be for a maximum period of the current contract and will exclude any extended and or altered contract conditions.
b) Code 2500 shall adhere to all other principles, definitions and measurement methodologies contained in Code 500, Annexes and related Statements as been published in the Government Gazette no. 29617 and where there are any conflicts, the requirements of code 2500 shall take precedence over Code 500 as published in the Government Gazette No 29617.