Majid Al Haqeel, Minister of Municipal, Rural Affairs and Housing, commented on the occasion of its approval by the Council of Ministers, saying: “I extend my sincere thanks to the Custodian of the Two Holy Mosques and His Highness the Crown Prince on the occasion of the Council of Ministers” approval of the contractor classification system, which is based on a balanced evaluation combining quantitative and qualitative criteria to enhance competition between contractors and give new contractors with outstanding competencies greater opportunities.“
For his part, Majid Al Haqeel, Minister of Municipal, Rural Affairs and Housing, commented: ”I extend my deep gratitude for the approval of the contractor classification system, which is based on <The Ministry explained that the new contractor rating system is based on technical evaluation, which includes: “the technical specialties of the establishment's employees according to the sector, and the years of experience of the establishment's cadres.”
Ministry explained that the new contractor classification system is based on technical evaluation, which includes.
Municipal Affairs added: The technical assessment includes: “The level of wages for workers, the percentage of localization, and the percentage of Saudi women working in the establishment.”
She noted that the credit assessment is based on “administrative governance, risk management, sources of income, fixed and variable assets of the facility, and the publication of periodic performance reports.”
The credit assessment is based on “administrative governance, risk management, sources of income of the facility, fixed and variable assets of the facility, and the publication of periodic performance reports. <According to the ministry, the new rating system targets 7 sectors, namely: ”construction and building, operation, maintenance and services, communications and information technology, real estate development, exhibitions and conferences, engineering consultancy, and food and catering."
The ministry stated that the new rating system targets seven sectors.
