Grow your business in 2013 – EconoBEE Newsletter – 14 January 2013
Welcome to 2013.
It is truly astonishing to see how much has changed over the last 8 years since we have been working on B-BBEE. Verification with auditors, charters and most importantly the full implementation of the PPPFA affectionately known as the “tender act”. All this in 2012 alone.
If you ask the average business owner what concerns they have with B-BBEE, their answer will most likely be government awarding tenders only to black owned business. Sadly this has been the case even though it was not directly part of the B-BBEE act. However with thechanges to the tender act all new business awarded by government must take into account a supplier’s Broad Based BEE scorecard and not ownership. Further the tender act uses a formula to determine the winner of a tender.
The current status is that;
A supplier who has no competition will win. A supplier who is significantly cheaper with no BEE status will win. A supplier who is marginally cheaper with no BEE status may not win. A supplier who is equal with price but a better BEE status will win.
This is great news. It provides consistency and openness. Tenderpreneurs and subsistence businesses are now going to become ineligible to win tenders.
Practically a small change to the PPPFA will mean more emphasis is placed on becoming BEE compliant. However to gain full benefit and generate business opportunities, access new markets and maintain existing business your BEE Scorecard will need to improve. Since many of your customers already require your status you need to improve your overall score as much as possible to increase your chances of winning government tenders. Your good BEE Status will give you a major advantage!
Save time on your BEE activities – Through EconoBEE’s managed serviceour consultants will calculate your entire B-BBEE Scorecard for you. We will prepare comprehensive BEE Scorecard reports which can then be sent through to directors during management meetings or customers who are interested to see your progress.
Contact our consultants now and make B-BBEE a simple, easy exercise.
Preferential Procurement – Save Time by using the BEE Procured database containing over 30 000 BEE Certificates. Procurement Managed Service: Our consultants can phone your suppliers for a BEE certificate – Managed Service.
While there is demand for a B-BBEE Scorecard someone will be taking advantage, shouldn’t that someone be you…
EconoBEE is an expert BEE consultancy. EconoBEE helps businesses Become BEE Compliant, prepare for verification, earn maximum BEE Points and ensure that they achieve the BEE Level they need to get more business.