|BEE - Preferential Procurement|
The Preferential Procurement Element is the main driving force behind BEE Compliance. In effect any company wanting to prepare a BEE Scorecard will need to ask all of their suppliers for a BEE Scorecard. This inturn creates a massive marketing demand for a company with a BEE Scorecard.
How does it work?
Each company who goes through a BEE Verification is awared a level. That level is then claimed - only in a sense - on the BEE scorecard and the customer can earn some of their own BEE Points for their verification. Please see below for points to levels conversion.
BEE Scorecard - points to level rating table
How to use this table:
The codes only talk about levels, not points.
you have earned 58 points on the scorecard, then your business wil be
regarded as a "Level 5 BEE contributor". If you have less than 30 points
you are "Non-compliant".
In very simple terms the more suppliers you can get a BEE certificate from the better your score.