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.
Related Posts
The rise of e-commerce and the need for the rapid delivery of online purchases is creating new opportunities for Dubai real estate developers
Real estate developers and landlords in Dubai should ...
READ MORE
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 ...
READ MORE
Retrofitting can serve as the stepping-stone to achieving net-zero carbon future
As the costs attached with meeting net-zero goals become clearer, built environment specialists are prompting stakeholders to consider the benefits ...
READ MORE
Real estate players in Abu Dhabi emphasise the need to balance Abu Dhabi’s property sector to ensure long-term sustainability
This article is the third in a series that captures key highlights ...
READ MORE
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 ...
READ MORE
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 ...
READ MORE
When Expo 2020 Dubai closes in April 2021, the site will be converted into a test bed for global innovation
Dubai plans to develop a new city on the 4.38 square-kilometre ...
READ MORE
There has been a string of government announcements aimed at improving competitiveness in recent weeks
In recent weeks there has been a string of measures introduced in the UAE that are ...
READ MORE
The commercial impact of Covid-19 has dramatically changed the banking needs of companies in the UAE, says latest briefing from Mashreq Bank
Download the complete media briefing here
Over half of ...
READ MORE
Fnancial support, project investment and tourism are key factors for Egypt's recovery from the Covid-19 pandemic
Given it is the most populous Arab country, with 42,980 confirmed Covid-19 cases and 1,484 ...
READ MORE
Hyperlocal services unlock new real estate market
Pandemic quickens construction job cuts
How retrofit can be a realistic route to
Balancing real estate supply and demand in Abu
GCC will benefit from new UK construction body
Kuwait positive on PPP prospects
Dubai plans a lasting legacy for Expo 2020
UAE moves to address competitiveness
Companies call for greater financing support from Covid-19
Egypt growth to continue with support
17 January, 2018 | .By COLIN FOREMAN
