Joint Ventures & Consortium Certificates
We offer the Verification Services to unincorporated joint ventures and provide a consolidated B-BBEE certificate for all your group bidding needs. We have a passion for infrastructure projects and proudly support empowerment across the construction sector.
Important things you need to know
The expiry date of the consolidated B-BBEE Certificate will be 12 months of its issue date. This will be separate from the expiry date on any of the certificates of the individual partners to that Joint Venture.
A consolidated verification certificate will consolidate the verified compliance data of all the JV partners as if those Measured Entities were a single Measured Entity.
The consolidation of compliance data shall be based on a weighting in accordance with the joint venture agreement relevant to the specific joint venture.
Should two entities enter into an Unincorporated Joint Venture their respective scores will be weighted according to their proportionate share in the joint venture and added together for a combined score out of 100. For Example: 50%/50% or 65%/35% etc as the case may be.