The CIDB grade 3 designation gives construction companies the opportunity to bid for government construction tenders between the values of R 650, 001 to R 2, 000,000. In order to qualify, companies need to have completed at least one single large construction project between the values of R 450,000 and R 900, 000 within the past five years.
Construction projects completed more than five years are not accepted as at the date of application. Therefore, if you are going to be applying for a grade 3, all your project paper work should be within the period of last 5 years. In addition to the above, companies need to also be compliant with the general legislative requirements such as tax as well as the companies and intellectual property commission. I shall be discussing all these requirements in more detail in the paragraphs that follow.