Rules and Procedures for Addressing Delays in the Execution of Government Projects

Release Date:	1429-06-05
Issuance Instrument Number:	155
Validity:	Valid
Date of last amendment:	1436-06-24
Summary:	By AI The rules and procedures stipulate that the advance payment for government project contractors is 20% of the contract value, accompanied by a corresponding bank guarantee. The same percentage can be disbursed for ongoing projects. The Contractor Financing Program has been activated, and a committee from various ministries has been formed to establish controls. Visas for labor must be granted within 15 days, taking into account the Saudization ratio. The financial limits for classification grades...

Release Date:

1429-06-05

Issuance Instrument Number:

155

Validity:

Valid

Date of last amendment:

1436-06-24

Summary:

By AI

The rules and procedures stipulate that the advance payment for government project contractors is 20% of the contract value, accompanied by a corresponding bank guarantee. The same percentage can be disbursed for ongoing projects. The Contractor Financing Program has been activated, and a committee from various ministries has been formed to establish controls. Visas for labor must be granted within 15 days, taking into account the Saudization ratio. The financial limits for classification grades...