Government Tenders and Procurement Law
Art. 72Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
A contractor who fails to execute a contract by the set date shall be subject to
a fine not exceeding 6% of the value of a supply contract or 20% of the value
of other contracts. Said percentages may be increased upon the Minister’s prior
approval, provided that bidders are notified of such increases prior to submitting
their proposals.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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