{"id":638997,"date":"2017-10-18T04:04:28","date_gmt":"2017-10-18T04:04:28","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/18\/housing-ministry-begins-setting-compensation-rates-for-contractors\/"},"modified":"2017-10-18T04:04:28","modified_gmt":"2017-10-18T04:04:28","slug":"housing-ministry-begins-setting-compensation-rates-for-contractors","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/18\/housing-ministry-begins-setting-compensation-rates-for-contractors\/","title":{"rendered":"Housing Ministry begins setting compensation rates for contractors"},"content":{"rendered":"

The Housing Ministry has begun setting up rates by which it will compensate contractors for losses incurred after the EGP float, sources tell Al Borsa<\/a>. Contractors will receive compensation between 15-60% of the size of the contracts depending on the project, equipment used and the whether any of the materials had been imported. We had noted back in August<\/a> that deliveries on social housing projects have been delayed as some contractors halted development following delays in the disbursal of their compensation under the Contractors\u2019 Compensation Act.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Housing Ministry has begun setting up rates by which it will compensate contractors for losses incurred after the EGP float, sources tell Al Borsa. Contractors will receive compensation between 15-60% of the size of the contracts depending on the project, equipment used and the whether any of the materials had been imported. We had […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9304],"tags":[72,2402],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-638997","post","type-post","status-publish","format-standard","hentry","category-real-estate-housing","tag-enterpriseam","tag-real-estate-housing","wpautop","entry"],"acf":{"mongo_id":"d1f4a745-e1e0-4079-af16-7c48aee2a16d","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[638955],"teaser":"","voice_url":""},"yoast_head":"\nHousing Ministry begins setting compensation rates for contractors - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/18\/housing-ministry-begins-setting-compensation-rates-for-contractors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Housing Ministry begins setting compensation rates for contractors\" \/>\n<meta property=\"og:description\" content=\"The Housing Ministry has begun setting up rates by which it will compensate contractors for losses incurred after the EGP float, sources tell Al Borsa. Contractors will receive compensation between 15-60% of the size of the contracts depending on the project, equipment used and the whether any of the materials had been imported. 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The law, which came into effect last month, would see the state compensate contractors for losses incurred as a\u2026","rel":"","context":"In "Real Estate + Housing"","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":635593,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/07\/nuca-planning-to-disburse-egp-4-bn-of-compensation-to-contractors-by-years-end\/","url_meta":{"origin":638997,"position":1},"title":"NUCA planning to disburse EGP 4 bn of compensation to contractors by year\u2019s end","author":"enterpriseam admin","date":"7 December 2017","format":false,"excerpt":"The New Urban Communities Authority (NUCA) is planning to disburse by the end of the year a total of EGP 2 bn in compensation payments to contractors for losses incurred on state contracts after the EGP float, a Housing Ministry official tells Al Borsa. The remaining payments owed to contractors\u2026","rel":"","context":"In "Real Estate + Housing"","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":637850,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/27\/nuca-disburses-egp-2-bn-of-compensation-payments-to-contractors\/","url_meta":{"origin":638997,"position":2},"title":"NUCA disburses EGP 2 bn of compensation payments to contractors","author":"enterpriseam admin","date":"27 November 2017","format":false,"excerpt":"The New Urban Communities Authority (NUCA) has disbursed EGP 2 bn in compensation payments to contractors for losses incurred after the EGP float, NUCA Vice Chairman Abdel Moteleb Mamdouh said, Al Borsa reports. NUCA has disbursed the largest sum of compensation payments under the Contractors\u2019 Compensation Act, which has helped\u2026","rel":"","context":"In "Real Estate + Housing"","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":645531,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/24\/housing-ministry-to-issue-immediate-10-downpayment-on-compensation-to-contractors\/","url_meta":{"origin":638997,"position":3},"title":"Housing Ministry to issue immediate 10% downpayment on compensation to contractors","author":"enterpriseam admin","date":"24 July 2017","format":false,"excerpt":"Housing Ministry to issue immediate 10% downpayments on compensation to contractors: Contractors being compensated for losses incurred on government contracts after the EGP float receive 10% downpayments until the committee tasked with repricing their contracts can complete its work, Housing Minister Mostafa Madbouly decided on Thursday, according to Al Mal.\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":641444,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/24\/contractors-to-receive-compensation-for-fx-losses-by-the-end-of-the-current-fiscal-year\/","url_meta":{"origin":638997,"position":4},"title":"Contractors to receive compensation for FX losses by the end of the current fiscal year","author":"enterpriseam admin","date":"24 September 2017","format":false,"excerpt":"Contractors to receive compensation by the end of FY2017-18: The government will disburse by the end of the current fiscal year compensation packages to contractors for losses incurred on state projects as a result of the EGP float, Planning Minister Hala El Said said yesterday, Al Mal reports. The Housing\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":637431,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/15\/contractors-compensation-rates-published-in-official-gazette\/","url_meta":{"origin":638997,"position":5},"title":"Contractors compensation rates published in Official Gazette","author":"enterpriseam admin","date":"15 November 2017","format":false,"excerpt":"The rates at which contractors will be compensated for losses incurred as a result of the EGP float was published in the Official Gazette this week, Al Borsa reports. 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