The generic scorecard regarding the Amended Construction Sector Code was gazetted on 1st December 2017. After conception, the first indicator’s target for skills development expenditure on the first indicator was 2% of the Leviable Amount. After year three, the target was increased to 2,5%, after year five, the target will be 3%.
The 3% target for Skills Development expenditure under the Construction Sector for generic companies will come into effect immediately from 1 December 2022. This means from the date of publication of the gazette – 1 December 2017.
The expenditure is for the Skills Development of Black People as a percentage of the Leviable Amount.
The increase will impact the BEE calculation plans for clients because they will have to spend more for this indicator. They also have to be made aware of this increase in advance, to enable them to make provision for the extra expenditure.
Resources:
- No. 41287 GOVERNMENT GAZETTE, 1 DECEMBER 2017 – Amended;
- Construction Sector Code in terms of section 9(1) of the Broad -Based Black Economic Empowerment Act, (Act No. 53 of 2003) as amended by the B -BBEE Act 46 of 2013.
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