Since construction is an important factor in the social and economic development of South Africa, the Construction Industry Development Board (CIDB) was established via The Construction Industry Development Board Act 38 of 2000, to develop and regulate this industry to ensure optimal growth at globally competitive standards. The CIDB is a national public entity as listed in schedule 3A of the Public Finance Management Act (PFMA), with the focus of implementing an integrated strategy for the reconstruction, growth, and development of the construction industry in South Africa, and to provide for all matters in relation thereto.