Local Content Audit in Saudi Arabia

Would you like government tender contracts and higher procurement scores?

A Local Content Audit is the first step toward achieving compliance and reaping the full range of business opportunities in Saudi Arabia. At CBD Accounting for Financial Consulting KSA, we help companies like yours execute Local Content Audits and secure the Local Content Certificate. The LCGPA (Local Content and Government Procurement Authority) issues this certificate. We excel at getting it and working with the Authority. It’s zero hassle.

We handle everything from organizational assessment to prep, submittal, and accreditation. Thus, you can continue business as usual without getting sidetracked by the many tasks required to start something new.

What is a Local Content Audit?

A Local Content Audit is an important evaluation. It tells us how well a company is creating local content. Local content is how a company contributes to the local economy, in this case, Saudi Arabia, where we work. The local content audit assesses several key areas of business operations.

  1. Local Workforce
  2. Regional Providers
  3. Goods and Services
  4. Operational Spend and Asset 

 

Importance of the Audit

The Local Content Audit is the foundational step for companies that want to obtain a Local Content Certificate. This certificate is necessary for participating in government and semi-government tenders. It ensures businesses align with the national objective of boosting the local economy. By completing this audit, companies make themselves more eligible for tenders and ensure that their business is part of the sustainable economic growth in Saudi Arabia.

Why Your Business Needs a Local Content Audit

  • Be eligible for contracts from governmental and semi-governmental entities.
  • Boost your procurement appraisal rating.
  • Accomplish the localization objectives of Saudi Arabia’s Vision 2030.
  • Increase brand compliance and trustworthiness.
  • Achieve a competitive advantage in the market for public sector work.

At CBD Accounting for Financial Consulting  KSA, we ensure that the process of auditing local content is smooth, precise, and complete according to the LCGPA’s requirements.

Step-by-Step Local Content Audit Process at CBD KSA

Step 1: Initial Company Assessment

We assess your business structure, workforce, suppliers, and local sourcing practices to calculate your Local Content Score.

Step 2: Document Preparation

We collect and arrange your audit-required details, including financial statements, human resources data, vendor lists, and procurement particulars.

Step 3: Audit Data Compilation

Our experts complete the LCGPA-approved templates, ensuring accuracy in every detail.

Step 4: Report Submission to LCGPA

Our service manages the electronic submission of your Local Content Audit report to the LCGPA portal.

Step 5: Review and Clarifications

We answer any additional inquiries from LCGPA, and all data is made to be clear and compliant.

Step 6: Certificate Support and Improvement Plan

When your audit concludes, we support you in securing your Local Content Certificate and guide you in boosting your score in upcoming tenders.

Why Choose Us for Your Local Content Audit?

  • Industry-leading expertise in LCGPA audits and certification
  • Comprehensive assistance with documentation and compliance
  • The procedure is open, rapid, and mistake-proof.
  • Support that is continuous and available for renewals and updates

Whether you’re just starting or are well-connected in business, CBD KSA is your reliable aide in getting through the Local Content Audit process. We make it simple and seamless, almost effortless.

Frequently Asked Questions (FAQs)

The Local Content Audit is an official evaluation process undertaken to gauge the extent to which a company’s operations draw from local resources. These resources include a local workforce, suppliers, and goods and services. The Audit is a key stepping stone for companies that wish to secure the Local Content Certificate, an important document that signifies a company’s commitment to utilizing local resources.

A Local Content Audit is crucial for improving your procurement evaluation score and determining your eligibility to participate in government and semi-government tenders. In addition, a Local Content Audit helps your company align with the localization goals of Saudi Arabia’s Vision 2030.

No, it’s not obligatory for all firms. Still, businesses that wish to become government suppliers or participate in public sector tenders must complete a Local Content Audit to satisfy LCGPA stipulations and improve their prospects of being awarded contracts.

Usual documents comprise:  

  • audited financial statements  
  • workforce records  
  • supplier/vendor lists  
  • operational expenses  
  • asset inventories  

At CBD Accounting for Financial Consulting KSA, we assist in compiling and structuring these documents to comply with Local Content Audit criteria.

The Local Content Audit process usually takes 2 to 4 weeks, depending on the speed with which the necessary documents are prepared and the efficiency of LCGPA in processing the submission. Our fast-tracked support at CBD KSA means we can usually deliver a Local Content Audit with less waiting time.

Your Local Content Audit will be approved even with a low score. It is nice, however, to have a higher score. A higher score is good for your procurement ranking and increases your chances of winning tenders.

Indeed. The CBD KSA provides specialized advice on improving your strategies for locally sourcing workforces and developing procurement plans. Our consultations ensure that you pass the Local Content Audit and that a better local content score enhances your company’s overall business impact.

Ready to Start Your Local Content Audit with CBD KSA?

Allow Us to simplify the process, from audit preparation to final certification.

Secure experienced direction and complete backing to lift your business into compliance and the tender arena.

You can schedule your Local Content Audit consultation by visiting our website or contacting us directly.