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 meeting was chaired by the emirate’s Deputy Ruler Sheikh Maktoum bin Mohammed bin Rashid al-Maktoum
Deputy Ruler Sheikh Maktoum bin Mohammed bin Rashid al-Maktoum has chaired the first meeting of ...
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
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
Labour ministry may stop MoUs or impose hiring quotas on countries not responding to repatriation requests from UAE-based workers
The UAE’s Ministry of Human Resources and Emiratisation (Mohre) is considering the stoppage ...
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
Characterised by positive yields in the current market, data centres are becoming an attractive investment prospect in the Middle East real estate sector
Quickly emerging as a new subsector in the ...
READ MORE
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 ...
READ MORE
Completed in 2008, Palm Jumeirah stands out as one of Dubai’s most iconic real estate developments. The palm-shaped archipelago stretches over 560 hectares of reclaimed land and is now home ...
READ MORE
Postponing the event to 2021 will give the construction sector time to complete projects
The postponement of Expo 2020 Dubai will allow the construction sector to complete projects and should coincide ...
READ MORE
Post Covid-19 recovery has long legs as market dynamics remain positive for the property sector across asset classes and emirates
Off-plan sales are driving new projects as existing stock does ...
READ MORE
Dubai’s supreme committee for real estate holds first
Dubai’s real estate and construction sectors shift focus
UAE mulls curbs on lax labour markets
Chinese in front to build world’s tallest tower
Real estate poised for data centres boom
CONNECT SERIES: Re-engineering construction in the GCC
Case Study: Palm Jumeirah- Redefining real estate development
Expo move should coincide with real estate revival
Sustained recovery: Positive outlook for UAE real estate
17 January, 2018 | .By COLIN FOREMAN
