المملكة: Financial solvency, the most prominent of which is decisive criteria in the contracting list of contractors
The Ministry of Municipalities and Housing announced the approval of the executive regulations of the Classification of contractors , which aims to enhance the efficiency of the Contracting and raising the quality of projects, and controlling the classification mechanisms in order to achieve transparency, competitiveness and justice between the contractors inside the Kingdom." target ="_Blank"> Classification , issuing certificates, technical and financial controls, in addition to organizing objections and violations." target ="_Blank"> Classification requirements within specific time periods, where the period of deciding on classification requests, classification, lifting, addition, deletion or amendment «60» working days does not exceed the applications for extending the validity of the classification certificate within a period not exceeding “10” working days. Electronic. For economic activities and their update periodically. It was implemented by the contractor with an achievement rate of no less than 50% in implementation projects and 30% in maintenance and operation projects. Supporting, all of which are in Arabic or officially translated and certified by the competent authorities." A two -year two years are granted, while Article Seven clarified the evaluation criteria that include financial statements, technical and administrative cadres, and previous projects, with accurate controls to calculate government projects, the private sector and foreign projects. Its implementation. />
Article eleven defined the contractor’s right to reclaim it to submit the application within “90” days before the end of the certificate, while the twelfth article authorized the extension of the validity of the certificate for only once for a similar period “90” days. Amending the certificate, raising the degree, or adding new activities according to the approved requirements. Finance. Detailed. One day from the date of reporting, with the possibility of grievance before the administrative court.
- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter
