Construction Transformation Charter
The Construction Sector finalised a Broad Based Black Economic Empowerment Charter after several years of hard negotiations. The stakeholders in the sector are proud of this achievement and as part of the objectives of the charter would like to make the document operational as soon as possible.
It has been submitted to the DTI as part of the process to finalise the document as a Section 9 Code of Good Practice in terms of the Broad Based Black Economic Empowerment Act (53 of 2003). The process will take a few months to completion. Hence the Integrated Management Committee (IMC) representing private sector business, unions and government officials decided to issue a circular with the following distinct objectives:
- Clarify issues relating to the application of the charter and more particularly the scorecard
- Provide greater clarity to clients on how the scorecard can be applied within the requirements of the Preferential Procurement Policy Framework Act
- Issue guidelines relating to specific areas of uncertainty.
A circular has been issued to provide guidance and if applied consistently, will reduce most of the confusion and create an environment conducive to achieving the goals the sector set for itself in the charter. Should you have any queries, please contact either Mr Pierre Blaauw (telephone (011) 455-1700) or the offices of the Institute.