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Nairaland Forum / Nairaland / General / Politics / Federal Contractor: Five Certificate Required To Bid Federal Tenders & Contracts (953 Views)
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Federal Contractor: Five Certificate Required To Bid Federal Tenders & Contracts by Newphil: 9:23am On Jan 21, 2020 |
The Federal government of Nigeria is no doubt the biggest spender in the country’s economy, the FG takes a whopping 52.68 percent of the total revenue accrued to the Federation Account. For the 2020 fiscal year, the Federal government aims to spend N10.66 trillion; N4.8 trillion for recurrent expenditure and N2.4 trillion for capital expenditure. Aside from salaries/wages, the bulk of the expenditure goes to procurement/capital projects for the MDA’s. The procurement process will be open to the public, only companies/businesses that meet the criteria can however participate. Is your company eligible to bid for Federal tenders? Read the requirement to become a Federal contractor; 1. CAC Business Registration Certificate It is mandatory for every business to register their company with the Corporate Affairs Commission (CAC). The agency is responsible for the registration of an organization that is willing to legally conduct businesses anywhere in Nigeria. 2. NSITF Compliance Certificate The National Social Insurance Trust Fund – NSITF Compliance certificate is one of the major documents required by any contractors or supplier dealing with the Federal government of Nigeria. The National Social Insurance Trust Fund (NSITF) is a Social Insurance Scheme designed to provide compensation to employees who suffer from occupational diseases. It also ensures compensation to the employee next-of-kin in case of death in the course of work. To obtain the NSITF certificate, there will be a physical assessment of your employees’ wages by NSITF in order to ascertain the amount you will for per month multiply by 12 months. 3. ITF Certificate The Industrial Training Fund ITF Compliance Certificate is a major document required if you are applying for tenders, contracts in any Federal government MDA’s. Every employer having either 5 or more employees in its establishment or having less than 5 employees but with a Turnover of N50m and above per year, shall, in respect of each calendar year and or the prescribed date, contribute to the Fund one per cent of its total annual payroll. (Contact us if you have not transacted up to N50m and have less than 5 employees). 4. PENCOM Compliance Certificate National Pension Commission (PenCom) compliance certificate is compulsory for employers of labour who wish to bid or solicit for any Federal government contract or business from any Federal Government Ministries Departments and Agencies (MDA). All organizations must provide proof of compliance with the provisions of the Pension Reform Act, 2014 (PRA 2014) by obtaining the compliance certificate. 5. BPP Federal Contractor Certificate The Bureau of Public Procurement (BPP) is the agency responsible for registering companies as Contractors, suppliers, consultants or service providers with the Federal government of Nigeria. Their responsibility is to process any procurement involving the Federal government agencies only and does not extend to the state government. It is mandatory you obtain CAC, ITF, NSITF and PENCOM (which can be waved) before proceeding with BPP registration. Your company Tax Clearance certificate will be required. For comprehensive guide about the five (5) Certificate and latest Federal Tenders Source: https://www.naijabusiness.com.ng/featured/2020/federal-contractor-five-5-certificate-required-to-bid-for-federal-tenders-contracts-in-nigeria/ |
Re: Federal Contractor: Five Certificate Required To Bid Federal Tenders & Contracts by F117nighthawk: 9:29am On Jan 21, 2020 |
Because u want to collect contract for FEDERAL GOVERNMENT, u have to go through all this,no wonder there is so much avenue for corruption in the system with all these bottlenecks created, we just never learn any lessons in this country,We just continue to make workers in government parastatals enriched through bribes while trying to get all these documents |
Re: Federal Contractor: Five Certificate Required To Bid Federal Tenders & Contracts by Abfinest007(m): 9:37am On Jan 21, 2020 |
forget these things if have way u don need these papers or have u people forgotten that a contract was awarded to unknown company that does not have office anywhere in Nigeria |
Re: Federal Contractor: Five Certificate Required To Bid Federal Tenders & Contracts by mumumugu(m): 10:12am On Jan 21, 2020 |
with connection, forget everything |
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