Calculation of Sub – Minimums

*refer to Calculation of Sub Minimums Point 3 Government Gazette 12/10/18:YES Practice Note.

CALCULATION OF SUB-MINIMUMS: GENERIC ENTERPRISES (40% SUB-MINIMUMS ON PRIORITY ELEMENTS):

  • Ownership (Net Value) = 8 Points x 40% = 3.2 Points need to be achieved
  • Skills Development = 20 Points x 40% = 8 Points need to be achieved
  • Enterprise and Supplier Development:
    • Preferential Procurement = 25 Points x 40% = 10 Points need to be achieved
    • Supplier Development = 10 Points x 40% = 4 Points need to be achieved
    • Enterprise Development = 5 Points x 40% = 2 Points need to be achieved

GENERIC ENTERPRISES (50% AVERAGE OF SUB-MINIMUMS ON PRIORITY ELEMENTS – SPECIFIC TO

Y.E.S INITIATIVE ONLY):

  • Ownership (Net Value) = 8 Points + Skills Development = 20 Points + Enterprise and Supplier Development = 40 Points = 68 Points
  • 68 Points x 50% = 34 Points needs to achieved in Total in order for the Y.E.S Measured Entity to participate
  • Sector Codes of Good Practice will apply the same Calculation Principles as above when calculating Averages according to their Specific Sector Code of Good Practice – Points will differ depending on what has been prescribed in the relevant Sector Code of Good Practice

QUALIFYING SMALL ENTERPRISES (40% SUB-MINIMUMS ON PRIORITY ELEMENTS):

  • Ownership (Mandatory) (Net Value) = 8 Points x 40% = 3.2 Points need to be achieved
  • Skills Development = 25 Points x 40% = 10 Points need to be achieved
  • OR
  • Enterprise and Supplier Development:
    • Preferential Procurement = 20 Points x 40% = 8 Points need to be achieved
    • Supplier Development = 5 Points x 40% = 4 Points need to be achieved
    • Enterprise Development = 5 Points x 40% = 2 Points need to be achieved

QUALIFYING SMALL ENTERPRISES (40% AVERAGE OF SUB-MINIMUMS ON PRIORITY ELEMENTS -SPECIFIC TO Y.E.S INITIATIVE ONLY):

  • Ownership (Net Value) = 8 Points + Skills Development = 25 Points = 33 Points x 40%= 13,20 Points needs to achieved in Total in order for the Y.E.S Measured Entity to participate
  • OR
  • Ownership (Net Value) = 8 Points + Enterprise and Supplier Development = 30 Points = 38 Points x 40% = 15,20 Points needs to achieved in Total in order for the Y.E.S Measured Entity to participate
  • Sector Codes of Good Practice will apply the same Calculation Principles as above when calculating Averages according to their Specific Sector Code of Good Practice – Points will differ depending on what has been prescribed in the relevant Sector Code of Good Practice