STIFFER REGISTRATION PROCESSES WORRIES CONTRACTORS

MBABANE – Entering the fray to be a contractor in the construction industry, where most business has been reserved for Swazis, continues to be more difficult by the day.

In the advent of the Construction Industry Council (C

IC) Regulations, which are at the last stage of validation and submissions by stakeholders before being presented to Parliament for adoption, more requirements to be registered with the council have been added.
Project owners, clients, contractors and players in the construction industry, who cramped the Esibayeni Lodge auditorium on Friday, strongly objected to the fact that they will now be expected to submit audited financial statements and evidence of current health and safety management systems prior to registration.  “Audited financial statements (previous thre

e years) for grade one and two, financial statements for grade three to six,” read the regulations. 
Companies will also be expected to produce evidence of current management system to be used by the contractor.
The above are the three main changes that were added onto the regulations, based on submissions by stakeholders that were made towards the end of 2016.
Other requirements include, certified copies of company registration documents, certificate of incorporation, memorandum of association, articles of association, Form J and Form C with share certificate (if company has form J only) and certified copy of current trading licence.

Sicelo Dlamini advised that it would be prudent for CIC to have an interactive session with contractors, to get their views about the registration processes since it would directly affect them. 

Post your comment

Your name:

Your e-mail address:

Add your comments:

Please enter the code you see in the image:

Image:

Code: