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Contractors Committee in Riyadh Calls for the Application of " Fidic "

Tuesday 24 June 2014
Contactors Committee in Riyadh's Chamber appreciated the approval of the Council of Ministers on the project of public transportation in Mekkah . The project will be offered to executive companies according to Fidic's typical contracts which includes financial rights in a balanced form for contract companies and government institutions . Head of the Committee Fahad Alhamadi stated that Fidic's contracts offer compensation for companies in cases of price height in construction supplies , high income payment . Also , allows to offer discounts for government institutions in case of price drop.