Broad-Based Black Economic Empowerment Act means the Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003);
Broad-Based Black Economic Empowerment Act means the Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003) as amended by Act No 46 of 2013;
Broad-Based Black Economic Empowerment Act means the Broad-Based Black Economic
Examples of Broad-Based Black Economic Empowerment Act in a sentence
The Service Provider commits and warrants to comply in all respects with the requirements of the Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003) (hereafter referred to as the “BBBEE Act”) as amended from time to time, and the Codes of Good Practice issued in terms of the BBBEE Act.
More Definitions of Broad-Based Black Economic Empowerment Act
Broad-Based Black Economic Empowerment Act means the Broad‐Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003);
Broad-Based Black Economic Empowerment Act means the Broad-Based Black Economic Empowerment Act, 53 of 2003 and Codes of Good Practice pertaining thereto.
Broad-Based Black Economic Empowerment Act means the Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003);2.6 “comparative price” means the price after the factors of a non-firm price and all unconditional discounts that can be utilized have been taken into consideration;2.7 “consortium or joint venture” means an association of persons for the purpose of combining their expertise, property, capital, efforts, skill and knowledge in an activity for the execution of a contract;2.8 “contract” means the agreement that results from the acceptance of a bid by an organ of state;2.9 “EME” means any enterprise with an annual total revenue of R5 million or less2.10 “Firm price” means the price that is only subject to adjustments in accordance with the actual increase or decrease resulting from the change, imposition, or abolition of customs or excise duty and any other duty, levy, or tax, which, in terms of the law or regulation, is binding on the contractor and demonstrably has an influence on the price of any supplies, or the rendering costs of any service, for the execution of the contract;2.11 “functionality” means the measurement according to predetermined norms, as set out in the bid documents, of a service or commodity that is designed to be practical and useful, working or operating, taking into account, among other factors, the quality, reliability, viability and durability of a service and the technical capacity and ability of a bidder;2.12 “non-firm prices” means all prices other than “firm” prices;2.13 “person” includes a juristic person;2.14 “rand value” means the total estimated value of a contract in South African currency, calculated at the time of bid invitations, and includes all applicable taxes and excise duties;2.15 “total revenue” bears the same meaning assigned to this expression in the Codes of Good Practice on Black Economic Empowerment, issued in terms of section 9(1) of the Broad-Based Black Economic Empowerment Act and promulgated in the Government Gazette on 9 February 2007;2.16 “trust” means the arrangement through which the property of one person is made over or bequeathed to a trustee to administer such property for the benefit of another person; and2.17 “trustee” means any person, including the founder of a trust, to whom property is bequeathed in order for such property to be administered for the benefit of another person.3. ADJUDICATION USING A POINT SYSTEM3.1 The bidder obtaining the highest number of total points will be awarded the contract.3.2 Preference...
Broad-Based Black Economic Empowerment Act means the Broad-Based Black Economic Empowerment Act, 2013 (Act No. 46 of 2013);
Broad-Based Black Economic Empowerment Act means the Broad-Based Black Economic, 2000 (Act No. 5 of 2000);
Broad-Based Black Economic Empowerment Act means the Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003);2.5. “EME” means an Exempted Micro Enterprise in terms of a code of good practice on black economic empowerment issued in terms of section 9 (1) of the Broad-Based Black Economic Empowerment Act;2.6. “Functionality” means the ability of a tenderer to provide goods or services in accordance with specifications as set out in the tender documents.2.7. “prices” includes all applicable taxes less all unconditional discounts;2.8. “proof of B-BBEE status level of contributor” means:2.8.1. B-BBEE Status level certificate issued by an authorized body or person;2.8.2. A sworn affidavit as prescribed by the B-BBEE Codes of Good Practice;2.8.3. Any other requirement prescribed in terms of the B-BBEE Act;2.9. “QSE” means a qualifying small business enterprise in terms of a code of good practice on black economic empowerment issued in terms of section 9 (1) of the Broad-Based Black Economic Empowerment Act;2.10. “rand value” means the total estimated value of a contract in Rand, calculated at the time of bid invitation, and includes all applicable taxes;3. POINTS AWARDED FOR PRICE3.1. THE 80/20 OR 90/10 PREFERENCE POINT SYSTEMS
Broad-Based Black Economic Empowerment Act means the Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003); “co-operative” means a co- operative registered in terms of section 7 of the Cooperatives Act, 2005 (Act No. 14 of 2005);