Get the free Local Content Declaration

This document serves as a declaration form for local content and must be part of all bids invited. It outlines the general conditions, requirements, and formulas needed to calculate local content percentages for goods, services, or works in compliance with the Preferential Procurement Regulations, specifically focusing on the supply and delivery of valve relief with a stipulated local content threshold.

How to fill out local content declaration

How to fill out local content declaration

1. Gather necessary documents, including business registration and financial records.
2. Understand the local content requirements specific to your industry.
3. Complete the declaration form, including details about the products or services.
4. Specify the percentage of local content in your products or services.
5. Include supporting documentation to verify the local content claims.
6. Review the declaration for accuracy and completeness.
7. Submit the declaration to the relevant authorities before the deadline.

Who needs local content declaration?

1. Businesses that operate within jurisdictions requiring local content declarations.
2. Contractors involved in government or public projects with local content regulations.
3. Manufacturers and suppliers who want to ensure compliance with local sourcing laws.

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What is local content declaration?

A local content declaration is a formal document that outlines the proportion of goods and services that are sourced locally for a particular project or operation.

Who is required to file local content declaration?

Entities and businesses that undertake projects with a local content requirement, typically in sectors such as construction, energy, and manufacturing, are required to file a local content declaration.

How to fill out local content declaration?

To fill out a local content declaration, one must provide details regarding the sourcing of materials, labor, and services, including specifying local versus foreign contributors and the percentage of local content.

What is the purpose of local content declaration?

The purpose of a local content declaration is to promote local economic development by ensuring that a certain percentage of a project's inputs come from local sources.

What information must be reported on local content declaration?

Information that must be reported includes the names of local suppliers, the amount of goods and services procured locally, the total project cost, and the percentage of local content.