The Saudi Contractors Authority has announced the volume and details of electronic model contracts for building and construction concluded in <a style="color: #993300;" href="https://muqawil.; which has exceeded 1000 electronic model contracts valued at more than SAR 308 million since the launch of the service in 2021.
The number of e-model contracts concluded varied in their nature and locations, with 600 contracts for the execution of the structural structure without materials and 300 contracts for the execution of the structural structure with materials.
The value of the highest contract concluded in the contractor's platform exceeded 50 million riyals, while the platform recorded 10,000 riyals as the lowest value of a model contract concluded.
The total number of contracts in the central region amounted to more than 425 contracts, the southern region more than 185 contracts, the western region more than 110 contracts, the eastern region more than 90 contracts, and the northern region 20 contracts between structural structure contracts, plastering contracts, plumbing contracts, electrical work contracts, and air conditioning contracts.
The <a style="color: #993300;" href="https://amlak.net. The Saudi Contractors Authority has launched an electronic model contracts initiative to improve the quality of construction and preserve the rights of all contractual parties through 36 electronic model contracts covering all technical and legal aspects that make the contractual relationship clearer between owners, contractors and subcontractors, in addition to raising the level of performance and reducing failures and disputes that may cause project failure and delayed delivery.
The model contracts contain a basic contract document that includes the obligations of the parties, payment schedules and quantities, delay penalties, two annexes, one for technical specifications and execution method, and the other for conditions related to payment mechanisms linked to work completion rates and a guarantee for the work performed, and the project owner can review the contract before approving it through the National Access Service.
To know the types of contracts and for more information, interested parties can visit the online model contracts platform on the contractor's website to view the frequently asked questions and guidelines for using model contracts through https://muqawil.org/ar.
