Welcome to our CIDB registration services.
We are here to help you with the registration of your CIDB grade 3.
In order to qualify for the grade, you need to have completed at least, one single large construction project between the values of R 450,000 to R 900,000 within the past 5 years.
In addition to the above, your financial statements must reflect, a net assets value in excess of R100,000 or a revenue of more than R 1 million.
The CIDB requires the following documents when applying for the CIDB grade 3.
We can assist you in putting these documents together before submission to the CIDB.
The CIDB charges R750 for the application fee, as well as R350 for the annual fee.
In total, it will cost you R1,100 in terms of the CIDB fees.
On our side, we charge a facilitation fee of R2,500.
This includes the systematic assessment, advice & possible correction of your track record as well as the financial capability score (Financial Statements).
Financial capability refers to the company’s future financial abilities to carry out construction projects.
The assessment is done by looking at the latest set of annual financial statements submitted.
The CIDB will inspect if the financial statements’ revenue is in excess of R1 Million or that the net assets value is over & above R100,000.
In addition to the above, the financial statements must at least meet the following minimum requirements
Remember, financial statements can make or break your CIDB grade 3 application.
We assist in drawing up or assessing financial statements that are in compliance with the CIDB requirements.
Works capability, refers to the Rand value of the single largest construction project ever carried out by your company within the past 5 years.
To qualify for the CIDB Grade 3 works capability, you need to produce documentary evidence that proves that you did indeed satisfactorily complete the project.
This documentary evidence is what is referred to as the track record.
It has to be in the form of a signed project contract, sub-contract or award letter from the employer.
It must also be accompanied by a set of bank statement transactions highlighted, that add up to the exact contract value or the contract value plus any other variation orders.
A completion certificate must also accompany the track record to prove that the project was indeed completed satisfactorily.
A poorly constructed track record can make or break your CIDB grade 3 application.
Therefore, it is very important to use the services of a professional when building your CIDB grade 3 track record.
Remember, a track record cannot contradict the financial capability score.
The CIDB analyzes your application in your absence, therefore, anything that does not make sense, can potentially lead to a disqualification.
With a properly constructed track record, your CIDB grade 3 shouldn’t take more than 21 working days.
What normally creates delays or disqualification, is the submission of a poorly constructed track record as well as non compliant financial statements.
