{"id":651884,"date":"2017-02-22T04:06:03","date_gmt":"2017-02-22T04:06:03","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/22\/contractors-threaten-to-suspend-work-if-contractors-compensation-act-does-not-pass-swiftly\/"},"modified":"2017-02-22T04:06:03","modified_gmt":"2017-02-22T04:06:03","slug":"contractors-threaten-to-suspend-work-if-contractors-compensation-act-does-not-pass-swiftly","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/22\/contractors-threaten-to-suspend-work-if-contractors-compensation-act-does-not-pass-swiftly\/","title":{"rendered":"Contractors threaten to suspend work if Contractor\u2019s Compensation Act does not pass swiftly"},"content":{"rendered":"<p>Contractors are threatening to suspend projects for the government if it does not speed up passing the Contractor\u2019s Compensation Act, Egyptian Federation for Construction and Building Contractors head Hassan Abdel Aziz tells <a href=\"http:\/\/www.alborsanews.com\/2017\/02\/21\/%D8%A7%D9%84%D9%85%D9%82%D8%A7%D9%88%D9%84%D9%8A%D9%86-%D9%8A%D8%AD%D8%B0%D8%B1-%D9%85%D9%86-%D8%AA%D9%88%D9%82%D9%81-%D8%A7%D9%84%D9%85%D8%B4%D8%B1%D9%88%D8%B9%D8%A7%D8%AA-%D9%88%D9%8A%D8%B7\/\">Al Borsa<\/a>. The bill \u2014 which would compensate suppliers for the FX losses they have incurred after the float \u2014 is currently being reviewed by the Council of State (Maglis El Dowla), which will send the legislation to the House of Representatives for a vote upon completing its review.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Contractors are threatening to suspend projects for the government if it does not speed up passing the Contractor\u2019s Compensation Act, Egyptian Federation for Construction and Building Contractors head Hassan Abdel Aziz tells Al Borsa. The bill \u2014 which would compensate suppliers for the FX losses they have incurred after the float \u2014 is currently being [&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":[9315],"tags":[72,2390],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-651884","post","type-post","status-publish","format-standard","hentry","category-other-business-news-of-note","tag-enterpriseam","tag-other-business-news-of-note","wpautop","entry"],"acf":{"mongo_id":"13f99769-bbcb-4fcc-8eed-e3a16b047c63","order":"0","is_powered_by":true,"section_story_id":"45455adf-7cd4-4899-b3c7-fcf5a0bed488","story_type":"1","photo_url":"","photo_position":"above","related_issue":[651836],"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>Contractors threaten to suspend work if Contractor\u2019s Compensation Act does not pass swiftly - 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\/02\/22\/contractors-threaten-to-suspend-work-if-contractors-compensation-act-does-not-pass-swiftly\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Contractors threaten to suspend work if Contractor\u2019s Compensation Act does not pass swiftly\" \/>\n<meta property=\"og:description\" content=\"Contractors are threatening to suspend projects for the government if it does not speed up passing the Contractor\u2019s Compensation Act, Egyptian Federation for Construction and Building Contractors head Hassan Abdel Aziz tells Al Borsa. 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The Council of State (Maglis Al Dowla) is currently reviewing the amendments before sending the\u2026","rel":"","context":"In &quot;Legislation + Policy&quot;","block_context":{"text":"Legislation + Policy","link":"https:\/\/enterpriseam.com\/egypt\/category\/legislation-policy\/"},"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":651884,"position":1},"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":[]},{"id":650688,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/29\/maybe-contractors-will-stop-whining-now\/","url_meta":{"origin":651884,"position":2},"title":"Maybe contractors will stop whining now","author":"enterpriseam admin","date":"29 March 2017","format":false,"excerpt":"The House of Representatives\u2019 general assembly approved the Contractor's Compensation Act on Tuesday and has passed it on to the Council of State for a final review before it\u2019s passed, Youm7reports. Contractors had given Baby Huey a run for his money with their whining, pressing the House to issue the\u2026","rel":"","context":"In &quot;Legislation + Policy&quot;","block_context":{"text":"Legislation + Policy","link":"https:\/\/enterpriseam.com\/egypt\/category\/legislation-policy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":650575,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/27\/contractors-request-the-smallest-violin-in-the-world-to-be-played-for-them\/","url_meta":{"origin":651884,"position":3},"title":"Contractors request the smallest violin in the world to be played for them","author":"enterpriseam admin","date":"27 March 2017","format":false,"excerpt":"Contractors are now accusing the government is trying to set up \u201ca legislative loophole\u201d in the Contractor's Compensation Act to not pay them, Ahram Gate reports. The law stipulates that only contractors who have made timely deliveries on their projects would be compensated. Sahl El Damrawy, a member of the\u2026","rel":"","context":"In &quot;Legislation + Policy&quot;","block_context":{"text":"Legislation + Policy","link":"https:\/\/enterpriseam.com\/egypt\/category\/legislation-policy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":650036,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/15\/on-the-horizon-245\/","url_meta":{"origin":651884,"position":4},"title":"On the horizon","author":"enterpriseam admin","date":"15 March 2017","format":false,"excerpt":"The Contractor\u2019s Compensation Act will be voted on within 10 days, the House of Representatives\u2019 Housing Committee Chair Alaa Wali said, according to Al Masry Al Youm reports. Contractors had threatened to derail projects and have asked for contract terms to be extended until the act passes.A World Bank delegation\u2026","rel":"","context":"In &quot;ON THE HORIZON&quot;","block_context":{"text":"ON THE HORIZON","link":"https:\/\/enterpriseam.com\/egypt\/category\/on-the-horizon\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":651913,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/23\/house-to-vote-on-compensation-act-next-week-el-sewedy\/","url_meta":{"origin":651884,"position":5},"title":"House to vote on compensation act next week -El Sewedy","author":"enterpriseam admin","date":"23 February 2017","format":false,"excerpt":"The House of Representatives will be voting on the Compensation Act at a plenary session next week, MP and Federation of Egyptian Industries Chief Mohamed El Sewedy said, according to Al Borsa. The remarks come one day after contractors threatened to suspend work on government projects until the legislation \u2014\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\/651884","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=651884"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/651884\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/651836"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=651884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=651884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=651884"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=651884"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=651884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}