{"id":645531,"date":"2017-07-24T03:43:44","date_gmt":"2017-07-24T03:43:44","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/24\/housing-ministry-to-issue-immediate-10-downpayment-on-compensation-to-contractors\/"},"modified":"2017-07-24T03:43:44","modified_gmt":"2017-07-24T03:43:44","slug":"housing-ministry-to-issue-immediate-10-downpayment-on-compensation-to-contractors","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/24\/housing-ministry-to-issue-immediate-10-downpayment-on-compensation-to-contractors\/","title":{"rendered":"Housing Ministry to issue immediate 10% downpayment on compensation to contractors"},"content":{"rendered":"<p><strong>Housing Ministry to issue immediate 10% downpayments on compensation to <\/strong><strong>contractors: <\/strong>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, <a href=\"http:\/\/www.almalnews.com\/Story\/340740\/16\/%D8%B9%D8%A7%D8%AC%D9%84---%D9%85%D8%AF%D8%A8%D9%88%D9%84%D9%89-%D9%8A%D9%82%D8%B1%D8%B1-%D8%B5%D8%B1%D9%81-10%D8%A8%D8%A7%D9%84%D9%85%D8%A6%D8%A9-%D9%85%D9%86-%D8%AA%D8%B9%D9%88%D9%8A%D8%B6%D8%A7%D8%AA-%D8%B4%D8%B1%D9%83%D8%A7%D8%AA-%D8%A7%D9%84%D9%85%D9%82%D8%A7%D9%88%D9%84%D8%A7%D8%AA\">according to Al Mal<\/a>. President Abdel Fattah El Sisi had <a href=\"https:\/\/enterprise.press\/stories\/2017\/07\/13\/president-signs-contractors-compensation-act-into-law\/\">earlier this month<\/a> signed the Contractors\u2019 Compensation Act into law. Some 29k contractors stand to have repriced their contracts by 15 August, House of Representatives Housing Committee chair Alaa Wali <a href=\"http:\/\/www.shorouknews.com\/news\/view.aspx?cdate=20072017&id=687ee7e5-dff1-4dcd-b9cc-f5e1ddad91b2\">tells Al Shorouk<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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. President Abdel Fattah El Sisi [&hellip;]<\/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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-645531","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"9d36f9b0-62a5-422b-855b-e225cb593165","order":"0","is_powered_by":true,"section_story_id":"3a50f107-4f85-44f6-869d-98dcdfb07d49","story_type":"1","photo_url":"","photo_position":"above","related_issue":[645513],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Housing Ministry to issue immediate 10% downpayment on compensation to 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\/07\/24\/housing-ministry-to-issue-immediate-10-downpayment-on-compensation-to-contractors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Housing Ministry to issue immediate 10% downpayment on compensation to contractors\" \/>\n<meta property=\"og:description\" content=\"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. President Abdel Fattah El Sisi [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/24\/housing-ministry-to-issue-immediate-10-downpayment-on-compensation-to-contractors\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-07-24T03:43:44+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/24\/housing-ministry-to-issue-immediate-10-downpayment-on-compensation-to-contractors\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/24\/housing-ministry-to-issue-immediate-10-downpayment-on-compensation-to-contractors\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Housing Ministry to issue immediate 10% downpayment on compensation to contractors\",\"datePublished\":\"2017-07-24T03:43:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/24\/housing-ministry-to-issue-immediate-10-downpayment-on-compensation-to-contractors\/\"},\"wordCount\":96,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/24\/housing-ministry-to-issue-immediate-10-downpayment-on-compensation-to-contractors\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/24\/housing-ministry-to-issue-immediate-10-downpayment-on-compensation-to-contractors\/\",\"name\":\"Housing Ministry to issue immediate 10% downpayment on compensation to contractors - 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President Abdel Fattah El Sisi [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/24\/housing-ministry-to-issue-immediate-10-downpayment-on-compensation-to-contractors\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2017-07-24T03:43:44+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/24\/housing-ministry-to-issue-immediate-10-downpayment-on-compensation-to-contractors\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/24\/housing-ministry-to-issue-immediate-10-downpayment-on-compensation-to-contractors\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Housing Ministry to issue immediate 10% downpayment on compensation to contractors","datePublished":"2017-07-24T03:43:44+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/24\/housing-ministry-to-issue-immediate-10-downpayment-on-compensation-to-contractors\/"},"wordCount":96,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["EnterpriseAM","SPEED ROUND"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/24\/housing-ministry-to-issue-immediate-10-downpayment-on-compensation-to-contractors\/","url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/24\/housing-ministry-to-issue-immediate-10-downpayment-on-compensation-to-contractors\/","name":"Housing Ministry to issue immediate 10% downpayment on compensation to contractors - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2017-07-24T03:43:44+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/24\/housing-ministry-to-issue-immediate-10-downpayment-on-compensation-to-contractors\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2017\/07\/24\/housing-ministry-to-issue-immediate-10-downpayment-on-compensation-to-contractors\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/24\/housing-ministry-to-issue-immediate-10-downpayment-on-compensation-to-contractors\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Housing Ministry to issue immediate 10% downpayment on compensation to contractors"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":645173,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/13\/president-signs-contractors-compensation-act-into-law\/","url_meta":{"origin":645531,"position":0},"title":"President signs Contractors\u2019 Compensation Act into law","author":"enterpriseam admin","date":"13 July 2017","format":false,"excerpt":"Good news contractors, the Contractors\u2019 Compensation Act was signed into law: President Abdel Fattah El Sisi signed the Contractors\u2019 Compensation Act into law yesterday, AMAY reports. The bill\u2019s executive regulations should be ready within a month, will compensate contractors for losses incurred as a result of the EGP float and\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":638997,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/18\/housing-ministry-begins-setting-compensation-rates-for-contractors\/","url_meta":{"origin":645531,"position":1},"title":"Housing Ministry begins setting compensation rates for contractors","author":"enterpriseam admin","date":"18 October 2017","format":false,"excerpt":"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\u2026","rel":"","context":"In &quot;Real Estate + Housing&quot;","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":642146,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/07\/social-housing-delivery-delayed-due-to-tardy-compensation-of-contractors\/","url_meta":{"origin":645531,"position":2},"title":"Social housing delivery delayed due to tardy compensation of contractors","author":"enterpriseam admin","date":"7 August 2017","format":false,"excerpt":"Deliveries on social housing has been delayed as some contractors have halted development for not being compensated yet under the Contractors\u2019 Compensation Act, Housing Minister Mostafa Madbouly said, according to AMAY. The law, which came into effect last month, would see the state compensate contractors for losses incurred as a\u2026","rel":"","context":"In &quot;Real Estate + Housing&quot;","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":645531,"position":3},"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 &quot;Real Estate + Housing&quot;","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":645122,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/12\/contractors-want-state-to-include-fuel-and-energy-prices-hikes-under-compensation-act\/","url_meta":{"origin":645531,"position":4},"title":"Contractors want state to include fuel and energy prices hikes under compensation act","author":"enterpriseam admin","date":"12 July 2017","format":false,"excerpt":"Contractors want state to include new fuel and electricity price hikes under Contractors Compensation Act: Contractors are requesting that the state factor in the effects of the latest fuel and energy price hikes when repricing their contracts under the Contractors\u2019 Compensation Act, New Urban Communities Authority (NUCA) chief Zein Al\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":649988,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/14\/contractors-compensation-act-now-slated-for-mid-april-instead-of-march\/","url_meta":{"origin":645531,"position":5},"title":"Contractor\u2019s Compensation Act now slated for mid-April instead of March","author":"enterpriseam admin","date":"14 March 2017","format":false,"excerpt":"No Contractor Compensation Act before mid-April: Contractors shouldn\u2019t expect until sometime in April a bill designed to allow the government to compensate them for losses on state contracts that need to be repriced post the float of the EGP.Housing Committee member Khaled Abdel Aziz says. Media reports last week said\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/645531","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=645531"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/645531\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/645513"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=645531"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=645531"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=645531"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=645531"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=645531"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}