The 'Golden Rules' of Bidding for Projects in Qatar and the UAE
Analysis
There are opportunities and challenges for contractors bidding for projects in Qatar and the UAE. We have sought to identify some of the key risks typically found in contracts in Qatar and the UAE by outlining the 'Golden Rules' of bidding to assist contractors in their bid preparations.
The FIDIC suite of contracts is used throughout the world and these are the most commonly used forms in Qatar and the UAE. In our Golden Rules we refer to specific clause numbering used in the FIDIC suite to help identify the risk. If, however, FIDIC is not the form of contract to be used on a particular bid, these principles would equally apply.
Rule 1-Tender Bonds
1 This type of bonds is of an 'on demand' nature and is typically 10% of the value of the contract. These tender bonds are required for governmental contracts and any tender submitted without a tender bond is likely to be excluded, leading to a disqualified bid.