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CIDB GRADE 9

HomeCIDB GRADE 9

CIDB GRADE 9 REGISTRATION

Welcome to our CIDB registration services.

We are here to help you with the registration of your CIDB grade 9.

In order to qualify for the grade, you need to have completed at least, one single large construction project in excess of R90 Million within the past 5 years.

In addition to the above, the financial statements must reflect, a net assets value of more than R40 Million as well as a revenue figure of more than 200 Million.

CIDB GRADE 9 - REGISTRATION REQUIREMENTS

The CIDB requires the following documents when applying for the CIDB grade 9.

 

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

Cidb grade 9

FINANCIAL CAPABILITY

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 R200 million and that the net assets value is over & above R40 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 9 application.

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

HOW LONG DOES IT TAKE FOR THE CIDB GRADE 9 - 21 DAYS

Normally it would take 21 working days with a properly constructed track record.

What usually creates a delay or a disqualification, is the submission of a poorly constructed track record as well as non compliant financial statements.

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WORKS CAPABILITY

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 9 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 that are highlighted in such a way that they add up to the exact contract value or the contract value plus any other variation order.

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 9 application.

Therefore, it is very important to use the services of a professional when building your CIDB grade 9 track record.

Remember, a track record cannot contradict the financial capability score.

Remember the CIDB analyses your application in your absence, therefore, anything that does not make sense to them, can potentially lead to a disqualification.

TOTAL FEES PAYABLE - R55 750 plus R8,250

The CIDB charges R750 for the application fee, as well as R55,000 for the annual fee.

In total, it will cost you R55,750 in terms of the CIDB fees.

On our side, we charge a facilitation fee of R8,250.

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

OUR FACILITATION SERVICES - HOW IT WORKS

  • Simply fill in our online application form thus telling us more about your CIDB registration requirements.
  • We shall get back to you to discuss your specific CIDB grade 9 registration requirements.
  • We shall agree on the costs as well as the specific documents required.
  • You will then be required to email to us the documents at “admin@fixonate.co.za”.
  • Once we receive your documents, we shall commence by assessing them for compliance.
  • If there are any corrections to be made, we shall advise & effect those changes if necessary.
  • Once the documents are fully ready for submission, we shall queue & submit them for you at the CIDB.
  • We shall then email you proof of submission together with an invoice.
  • At this point, you will be required to settle the agreed upon invoice in full.
  • We shall continue to follow up on your CIDB application until it is approved.
  • You will also be able to see progress of your application on the CIDB’s website by clicking here.