There have been numerous instances whereby B-BBEE Rating Agencies have sought to misinterpret the provisions of the Amended Construction B-BBEE Sector Codes of Good Practice of 1 December 2017, by verifying a Measured Entity using a financial period that ended in excess of 12 months from the date of measurement and subsequent issue.
The Construction Sector Charter Council (CSCC) Technical Review Committee publishes Practice Note 0002A to clarify the concept of Measurement Period under the Amended Construction B-BBEE Sector Codes of Good Practice.
Technical Services are available to guide Members in the Construction Sector in understanding these requirements.