Welcome to our CIDB registration services.

We are here to help you with the registration of your CIDB grade 7.

In order to qualify for the grade, you need to have completed at least, one single large construction project between the values of R9 million to R30 million within the past 5 years.

In addition to the above, your financial statements must reflect, a net assets value in excess of R4 million as well as a revenue of more than R20 million.

The CIDB requires the following documents when applying for the CIDB grade 7.

• Application Form CIDB Grade 2-9
• CK/CM company registration certificate
• Tax Clearance Certificate
• Proof of address
• ID Copies
• Shareholder’s certificate
• Completion Certificate
• Project Contract
• Bank Statements
• Annual Financial Statements
• Bill of quantities (Project Break Down)
• Invoices (Only in special circumstances)
• Vat 201 statements (Only in exceptional circumstances)

NB. We assist construction companies in putting the above documents together.

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 7’s 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 form part of the track record to prove that the project was indeed completed satisfactorily.

A poorly constructed track record can make or break your CIDB grade 7 application.

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 R20 Million and that the net assets value is over & above R4 Million.

In addition to the above, the financial statements must at least meet the following minimum requirements

• Revenue from construction contracts must be disclosed in terms of IFRS 15.
• Cash flow figures must not deviate by more than 10% from the track record bank statements submitted.
• Cash & cash equivalents must match the figures on the bank statements as at balance sheet date.
• The financial statements net asset value must not contradict the track record submitted.
• They must be signed off in line with the company’s public interest score.
• Overall, the financial statements must be in compliant with IFRS & they must be signed off by an accountant or auditor in good standing with a professional body as at the date of assessment.

Remember, financial statements can make or break your CIDB grade 7 application.

We also assist in drawing up or assessing financial statements before submitting to the CIDB for compliance.

The CIDB charges R750 for the application fee, as well as R9,000 for the annual fee.

In total, it will cost you R9,750 in terms of the CIDB fees.

On our side, we charge a facilitation fee of R5,250.

This includes the systematic assessment, advice & possible correction of your track record as well as the financial capability score.