SA  Market guide

Construction payment in Saudi Arabia

Saudi contracts commonly use FIDIC-based forms, with government works also subject to the Government Tenders and Procurement Law. Payment runs on the Interim Payment Certificate, counted in calendar days, and VAT applies at the standard rate. The Particular Conditions and the public-procurement rules override the FIDIC defaults where they differ.

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10 guides for Saudi Arabia

Saudi FIDIC Interim Payment Certificates under FIDIC in Saudi Arabia On a Saudi FIDIC job the monthly Statement becomes an Interim Payment Certificate the Engineer issues within 28 days under Sub-Clause 14.6. Here is how to value one. 6 min read Saudi FIDIC FIDIC payment timing in Saudi Arabia: 28 days to certify, 56 days to pay On a Saudi FIDIC contract the Engineer certifies within 28 days under Sub-Clause 14.6 and the Employer pays within 56 days of the Statement under 14.7. Here is how the two dates chain. 5 min read Saudi FIDIC Valuing Variations under FIDIC Clause 13 in Saudi Arabia On a Saudi FIDIC job every change runs through Clause 13. Value it against the Bill rates, price it, and get it into the next Interim Payment Certificate before it becomes a claim. 6 min read Saudi FIDIC Retention under FIDIC in Saudi Arabia: deduction and release in two halves On a Saudi FIDIC job retention is deducted under Sub-Clause 14.3 and released in two halves, at Taking-Over and at the end of the Defects Notification Period under 14.9. 6 min read Saudi FIDIC VAT at 15 per cent on a FIDIC valuation in Saudi Arabia On a Saudi FIDIC job the certified value is net. ZATCA VAT at 15 per cent sits on top, and the tax invoice has to agree with the Interim Payment Certificate line for line. 5 min read Saudi FIDIC Cash flow forecasting on a FIDIC job in Saudi Arabia On a Saudi FIDIC contract the money lands 56 days after the Statement. Forecast the cash on that cycle, allow for retention and VAT, and the funding curve stops surprising you. 6 min read Saudi FIDIC The Final Payment Certificate under FIDIC in Saudi Arabia On a Saudi FIDIC job the account closes through the Final Statement and the Final Payment Certificate under Sub-Clauses 14.11 to 14.13. Here is how the final number is agreed and certified. 6 min read Saudi FIDIC Extension of Time under FIDIC Clause 8 in Saudi Arabia On a Saudi FIDIC job an Extension of Time runs through Clause 8, and the 28 day notice under Sub-Clause 20.1 is the gate. Miss the notice and the entitlement can be lost. 6 min read Saudi FIDIC Taking-Over under FIDIC Clause 10 in Saudi Arabia On a Saudi FIDIC job the Taking-Over Certificate under Clause 10 marks completion, hands over the Works, and triggers the first half of retention and the Defects Notification Period. 5 min read Saudi FIDIC Counting the days on a FIDIC job in Saudi Arabia FIDIC counts in calendar days. On a Saudi job the 28 day certification, the 56 day payment and the 28 day notice all run through Fridays, Ramadan and the two Eids without pause. 5 min read

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