Sunday 22 April 2018

Saudi blacklists contractors for forgery: report

Dubai, March 26, 2014

A number of contracting companies have been blacklisted by Saudi Arabia after discovering that they resorted to forgery to win government contracts, said a report.
The decision bans the blacklisted firms, which were not identified, from bidding for any government contract independently, within consortiums or as subcontractors, and from receiving project notification from any government establishment, said the Emirates 24/7 report.
"Government departments took this decision against some contracting firms after auditing bodies discovered that they have forged certain documents to obtain bank guarantees from local and foreign banks for the government contract," sources were quoted as saying.
"The decision also authorised the concerned establishments to seize the project and re-tender the contract in case the contractor is found to have resorted to forgery."
The government decided to take action as "one of the solutions" to tackle persistent delays and stalling in projects in kingdom, added the report.

Tags: Saudi | blacklist | contracting | Forgery |

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