In-Country Value (ICV) is economic value added from local operations and spend retained in the country. ICV is measured using a formula that captures how much out of your revenue you contribute back into the economy. This formula specifically measures the retained in-country contribution from local purchases, developing local human and business capabilities, and establishing capital investments.
ICV rewards bidders based on their contribution as it provides them with a commercial advantage when bidding for a tender in the Energy sector.