When Must I Sub-Contract?
There seems to be a lot of confusion amongst entrepreneurs when it comes to tenders and sub-contracting. The Draft Preferential Procurement Regulations, have been gazetted and are currently up for review. However, these Regulations are the major cause for the confusion. Many entrepreneurs ask whether they should sub-contract or not whilst responding to a tender.
The Draft Preferential Procurement Regulations stipulates the following:
- For contracts above R30 million, the tenderer MUST sub-contract a minimum of 30% of the value of the... Read More