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 $4.2bn of projects in the execution phase. Major projects Dubai Properties has developed in the past include Business Bay, Culture Village and Jumeirah Beach Residence.
The move to establish a framework agreement with contractors is a departure from the traditional method of tendering used by most developers in Dubai and highlights the growing risks that developers face when procuring construction services.
The supply chain has struggled with severe cash flow constraints due to late payment and certification in recent years and some firms are now unable to deliver projects.
Related Posts
Existing assets are being upgraded as the emirate grapples with the issue of over supply
The focus for companies engaged in Dubai’s oversupplied real estate sector is shifting from new projects ...
READ MORE
UK firms will be looking for export markets such as the GCC to offset a cooling domestic industry
London’s decision to establish a new body to help promote international opportunities for its construction ...
READ MORE
Mall owners and retailers recommend actions for a more sustainable and resilient retail sector in the UAE
Download your copy of the white paper here
The UAE Retail and Malls Think Tank ...
READ MORE
Six of eight tracked regional markets note downward movement amid tightened cash flow
Data shows value of projects planned or under way ($bn)
Six of eight markets tracked by the Gulf Projects ...
READ MORE
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 ...
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
Organisations in the UAE are beginning to see the value in adopting closed-loop resource systems
Key takeaways:
Governments and organisations are beginning to recognise the multi-trillion-dollar business value of circular economy ...
READ MORE
How investment in rail is transforming mobility in the Middle East
The story of rail could not differ more across the region. In North Africa, nations including Algeria, Morocco and Egypt ...
READ MORE
Supply and demand imbalance is resulting in less office space being built and property owners offering tenants generous incentives
Dubai’s office market continues to be oversupplied, resulting in less office space ...
READ MORE
Beijing-based China State Construction Engineering Corporation is the frontrunner for the contract to build the world’s tallest man-made structure in Dubai.
Local developer Emaar received bids from two groups for the ...
READ MORE
Dubai’s real estate and construction sectors shift focus
GCC will benefit from new UK construction body
Think tank calls for action to boost retail
Gulf Projects Index continues to decline
The fight ahead for Dubai’s retail sector
Kuwait positive on PPP prospects
Circular economy reshapes business strategies in the UAE
Oversupply continues to challenge Dubai office market
Chinese in front to build world’s tallest tower
17 January, 2018 | .By COLIN FOREMAN
