GULF  Market guide

Construction payment in The Gulf (FIDIC)

Contracts across the Gulf are usually based on the FIDIC Red or Yellow Book. Payment runs on the Interim Payment Certificate: the Engineer certifies within 28 days of the Statement and the Employer pays within 56 days, counted in calendar days. FIDIC has no UK-style payment or pay less notices, so the mechanism is the certificate, not the notice.

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9 guides for The Gulf (FIDIC)

Gulf FIDIC Interim Payment Certificates under FIDIC in the UAE On a FIDIC contract in the UAE, payment runs on the Interim Payment Certificate. What the monthly Statement must contain, how the Engineer certifies under Clause 14, and where the margin is won. 6 min read Gulf FIDIC Valuing variations under FIDIC in the Gulf Variations on a Gulf FIDIC job are instructed under Clause 13 and valued on defined rules. Bill rates, pro-rata rates and new rates, and why a variation is not a claim. 6 min read Gulf FIDIC Retention under FIDIC contracts in the UAE Retention on a FIDIC job in the UAE is deducted from each certificate up to a limit, then released in two halves. The percentage, the cap, and the Taking-Over and defects milestones. 5 min read Gulf FIDIC Cash flow forecasting on a Gulf FIDIC job A FIDIC job in the Gulf pays fifty-six days after the Statement. Model the certification lag, the retention and the advance payment recovery, or the funding peak arrives as a surprise. 6 min read Gulf FIDIC The advance payment and its guarantee under FIDIC A FIDIC advance payment is an interest-free loan against a bank guarantee, recovered through deductions on the interim certificates. How it is paid, secured and clawed back. 5 min read Gulf FIDIC The Final Payment Certificate and closing a FIDIC account Closing a FIDIC account runs from the Statement at Completion to the Final Statement and the Final Payment Certificate. The steps, the discharge, and why the sequence protects the contractor. 6 min read Gulf FIDIC Extensions of time under FIDIC Clause 8 in the UAE An extension of time under FIDIC moves the completion date and protects against delay damages. The Clause 8.4 grounds, the twenty-eight day notice, and why notice is where claims die. 6 min read Gulf FIDIC Taking-Over Certificates and completion under FIDIC The Taking-Over Certificate marks completion on a FIDIC job. What it triggers, how it differs from the Performance Certificate, and the commercial events that hang off the date. 5 min read Gulf FIDIC The FIDIC payment timeline: twenty-eight days to certify, fifty-six to pay The FIDIC payment clock in the Gulf: the Statement, twenty-eight days for the Engineer to certify, fifty-six days for the Employer to pay, all counted in calendar days. How to count it. 5 min read

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