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News & Press: 2019 News items

Industry Update

Thursday, 17 October 2019  
Posted by: Bert vd Heever
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New Tender Value Ranges come into effect on 05 October 2019 following their publication in Government Gazette 42561, Notice 357 of 5 July 2019. The CIDB has issued notes to clients and contractors providing guidelines for implementation of the new tender value ranges. The tender value adjustments seek to escalate the ranges in line with inflation. For instance, Grade 7 contractors are now able to tender for projects with tender values up to R60,000,000.00 (previously they were pegegd at R40million).