June 11, 2020
The CIDB requests for financial statements when applying for grades 3 & higher, the reason for this is for determination of your financial capability score. Financial capability, refers to the company’s future financial muscles to carry out future construction projects successfully. The greater the ability, the greater the CIDB score, the greater the CIDB score, the greater your […]
The National Contractor Development Program was developed by government to promote capacity, equity ownership, skills as well as performance across the various CIDB grade levels. This task was given to the CIDB, and as such, the CIDB had to develop mechanisms for cross pollination among the different CIDB levels. One of these mechanisms is the […]
When registering for the CIDB grades 2 & higher, the CIDB starts introducing terms such as financial capability, works capability as well as available capital. If you are an engineer by trade, this can be daunting as these terms belong more the accounting lingual. In this article, I will try to explain what financial capability […]
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