ADNOC launches enhancements to their In-Country Value Program under version 2.0. The program has undergone key upgrades designed to help suppliers capture all their value add activities. Furthermore, ICV Improvement Plans are a part of the contract award process and allow suppliers to demonstrate future value add. The Improvement Plan will be taken into consideration, along with historical performance. Based on the ICV Improvement Plan committed to by suppliers, ADONC will now tie ICV performance to contractual progress payments worth 5% of the contract value.
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