Construction Industry Development Board Act, 2000 (Act No. 38 of 2000)RegulationsConstruction Industry Development Regulations, 2004Part II : Register of Contractors17. Tender value range contractor considered capable of undertaking |
A contractor registered in a contractor grading designation indicated in column 1 of the table 8 below, is considered to be capable of undertaking a contract in the range of tender values indicated in columns 3 and 4 of that table in the class of the construction works to which the category of registration of that contractor relates.
TABLE 8
Grade |
Current (TVR) |
Proposed Adjustment (TVR) |
1 |
200 000 |
500 000 |
2 |
650 000 |
1 000 000 |
3 |
2 000 000 |
3 000 000 |
4 |
4 000 000 |
6 000 000 |
5 |
6 500 000 |
10 000 000 |
6 |
13 000 000 |
20 000 000 |
7 |
40 000 000 |
60 000 000 |
8 |
130 000 000 |
200 000 000 |
9 |
No Limit |
N/A |
[Regulation 17 (Table 8) substituted by regulation 1 of Notice 357 of 2019, GG 42561, dated 5 July 2019]