XXXIV, No 13, 11/07/2016

UAE: Obligors get the message as Tawazun calls in the penalties

The Tawazun Economic Council has delivered penalty notices to several obligors. The Council has called in the bank guarantees on contractors that have missed the first performance milestone. A number of contractors believe the policy impossible to comply with and there is talk of a boycott of future defence procurements.

 

CTO - LATEST ISSUE
, No 21, Monday 13th November, 2017

LATEST ISSUE
$69

CTO ANNUAL SUBSCRIPTION

24 ISSUES
$1289