The balance sheet and profit and loss requirement for the new classification of contractors
The Ministry of Municipal and Rural Affairs to work on a new classification of contractors in all areas. And identified the new executive regulation adopted by His Royal Highness Prince Mansour bin Miteb bin Abdulaziz, Minister of Municipal and Rural Affairs and will start operation this month, 29 new classification of contractors in order to enhance construction sector to keep pace with the Renaissance architecture in the Kingdom. Have been identified degrees of category five types so that the first class roads, sewage works and industrial works and marine works by more than 300 million riyals, and e-business, buildings and communications technology, and mechanical works of more than 200 million Riyals, and the rest of the business by more than 100 million riyals.
Identified as second-class road and water works and sewage, and industrial and marine business for 300 million riyals and 200 million for the e-business, electrical, communications technology, mechanical works, and the rest of the business to 100 million riyals. The third class was set at SR 100 million for roads, sewage works, industrial works, marine works, and for the acts of electrical, electronic, communication technology, mechanical works, dams of 50 million riyals, and the rest of the business of 30 million rials, and for the degree of the fourth has set at 30 million riyals for roads, water works and sewage, industrial works, marine works, and 15 million for the work of electrical, electronic business communication technology, mechanical works, dams, planting gardens and organize sites, abattoirs, and 10 million for the rest of the business with the exception of drilling wells, which defined one million riyals. The fifth grade has identified 10 million Saudi Riyals for the roads, water works and sewage, industrial works, marine works and 5 million for the e-business, communications technology, business mechanics, dams, abattoirs, planting gardens, and 3 million for the rest of the business. With select financial limit Supreme for a single project without classification 3 million Saudi Riyals for the roads, buildings, water works, sanitation, electrical work, e-business, communications technology, mechanical works, industrial works, marine works, dams, planting gardens, slaughterhouses, and the rest of the business of one million SR.
Classification conditions
The bill stipulates that the new classification of contractors in various fields to bring the Company documented, and all resolutions of the partners, the amendment by including areas of the classification required, original copy of the list of financial position (budget), and income statement (profit and loss account) for the last three years are supported and certified accountant Qanue licensed to practice the profession, but who have not only been practiced activity three years are sufficient budgets for the beginning of the activity on that less than one fiscal year, bringing with contracts for projects carried out by the contractor or being implemented within the Kingdom or abroad, that not less than the rate of implementation of the project for 50% of implementation projects , and 30% of the projects maintenance and operation, and the Convention on Solidarity, signed and stamped by the parties to the corporate and certified by the competent authority, and the prior written permission of the owner of the project to the contractor to waive the contract, or part thereof or the implementation of sub-licenses for private sector projects, revealing analysis of revenue and expenditures for all contracts for projects the private sector, and decades of solidarity and sub-contracts and prices of unity and excellence and investment certified by the chartered accountant licensed to practice the profession, and poll the owner of the project after the fill from the owner of the project according to the instructions on the form, and another extract of a government or Maimathlh certified by the owner, and any documents Other required to be submitted as a result of the study and analysis of data submitted.
Areas covered
And includes the new classification 29 area including buildings, roads, water works, sanitation, electrical work, e-business, communications technology, mechanical works, industrial works, marine works, dams, planting gardens and organization sites, slaughter houses, digging wells, building maintenance, road maintenance, maintenance and operation of water works and sanitation, maintenance and operation of electrical work, maintenance and operation of e-business, maintaining maintenance and operation of telecommunications technology, maintenance and operation of mechanical works, maintenance and operation of industrial works, maintenance and operation of marine works, maintenance and operation of slaughterhouses, the cleanliness of the cities and waste disposal, maintenance of gardens and parks, maintenance and operation of dams, maintenance of medical centers, serve and secure the nutrition of the medical centers, serve and secure the subsistence of individuals.
Wishing to Category
The bill has specified the conditions to be provided to interested in the classification process, where the contractor must keep commercial books manually or by computer are at least books of general journal, general ledger, book inventory, in addition to the book, assistant professor of revenues and expenses of the projects, with retention of documents that prove validity of data and explanations which are explained, as are calendar the operational aspect of the reality of the projects implemented or being implemented through projects that government agencies, Saudi Arabia and the public sector Saudi inside and outside the Kingdom, signed contracts during the last fifteen years that not less than the value of the project for 500 thousand riyals, and 100 thousand Real projects drilling of wells, as well as private sector projects in the Kingdom signed contracts during the last seven years that the less the value of the project for five million riyals, and 200 thousand riyals for the projects, digging wells, in addition to projects, government agencies, non-Saudi and the public sector non-Saudis in the Kingdom and outside the Kingdom , and private sector projects outside the Kingdom, signed contracts during the last seven years that the value of not less than the same project for 50 million rials, and projects to the contractor calculated the remaining experience for a period of fifteen years from the date of signing the contract. The Never Ending Project executive experience in the case if the date of signing the contract for the project before the date of the commercial register, and if the area of the project to Aindrj within the areas of classification, if the withdrawal of the project from the contractor, and if it turns out that the contractor has no role in the implementation of the project, if Contractor shall submit documents or data required to be submitted as a result of the study and analysis, and preview the main office location, and if he wants the contractor to divide the draft as areas for the division, he should request that an official letter and is a division taken a final, provided that the project is finished and within the areas of implementation, and be within the Kingdom, that not less than the value of project for 600 million riyals, and the value of not less part to be separated for 75 million riyals. The statute identifies many of the requirements of other mergers, and revoked, and how to work under the system of foreign investment, and the powers of certification and other requirements.