Contractors submit proposals for Dubai Properties framework agreements
17 January, 2018 | By COLIN FOREMAN
Dubai Properties has received proposals from contractors for framework agreements that will cover construction work on the local developers’ upcoming projects.
The proposed framework agreements will be used for a wide range of projects that vary in scale and include apartment buildings, villas, hotels and infrastructure.
Once a pool of firms has been selected, Dubai Properties will then select companies to work on individual projects when needed.
Consultants across a variety of disciplines are also signing up to framework agreements with Dubai Properties.
According to regional projects tracker MEED Projects, Dubai Properties has $230m of projects in the pre-execution phase together with $1.8bn of projects that are on hold and could be revived. The developer has $4.2bn of projects in the execution phase. Major projects Dubai Properties has developed in the past include Business Bay, Culture Village and Jumeirah Beach Residence.
The move to establish a framework agreement with contractors is a departure from the traditional method of tendering used by most developers in Dubai and highlights the growing risks that developers face when procuring construction services.
The supply chain has struggled with severe cash flow constraints due to late payment and certification in recent years and some firms are now unable to deliver projects.
Mall owners will not only be threatened by e-commerce, they also risk losing business to other malls
Dubai has never been a place for shirking a challenge and its decision to ...
On 23 May, Abu Dhabi’s Department of Culture issued guidelines to hotels in the emirate for the reopening of restaurants, bars, beaches, pools and gyms.
The announcement marked the start of ...
Mall owners and retailers recommend actions for a more sustainable and resilient retail sector in the UAE
Download your copy of the white paper here
The UAE Retail and Malls Think Tank ...
UK firms will be looking for export markets such as the GCC to offset a cooling domestic industry
London’s decision to establish a new body to help promote international opportunities for its construction ...
Enforcement of awards has become a key issue as arbitration becomes a more popular method of resolving disputes
Attitudes to dispute resolution are changing in the UAE, particularly since the launch ...
The process of transformation is already underway in the regional construction industry with Covid-19 accelerating the need for this change
Already facing severe cash-flow challenges after five years of recession in ...
Force majeure claims are providing new insights into how the regional construction sector’s behaviour must change
The rapid spread of the Covid-19 illness has led to an unprecedented ripple effect on the ...
The Covid-19 pandemic is accelerating lay-offs amid a low-oil price environment, but some employers are seeking alternatives
Lay-off and redundancy activity has accelerated in the Middle East’s construction sector as it contends with ...
The pandemic will accelerate job losses in the UAE and beyond
The Covid-19 pandemic will catalyse the shifting labour dynamics in the UAE, where reduced real estate demand and low market ...
In addition to key utilities projects, KAPP is also planning to develop real estate public-private partnerships
As other regional governments launch ambitious public-private partnership (PPP) initiatives, Kuwait is celebrating the 10-year ...
The fight ahead for Dubai’s retail sector
CONNECT SERIES: A new model for hospitality
Think tank calls for action to boost retail
GCC will benefit from new UK construction body
UAE arbitration process faces challenges
CONNECT SERIES: Re-engineering construction in the GCC
Covid-19 sparks contract issues
Pandemic quickens construction job cuts
Project disruption threatens construction jobs
Kuwait positive on PPP prospects
17 January, 2018 | .By COLIN FOREMAN