Saudi Contractors Authority rolls out contractor pre-qualification program for PIF units

The Saudi Contractors Authority (SCA) and the Public Investment Fund (PIF) launched the contractor pre-qualification program for the fund’s units.

The program aims to provide various services and facilities, enabling contractors to pre-qualify under the applicable technical standards. This will provide a highly reliable indicator for the PIF’s affiliates to implement construction projects with the local private sector, the state-owned SPA reported.

The pre-qualification scheme enhances contractor opportunities by undertaking quality projects for the sovereign wealth fund’s affiliates. The service offers a platform that includes several PIF’s units in a unified pre-qualification program.

The step also enhances competitiveness and transparency in the contracting sector and allows development of existing and future projects in line with the highest quality standards, SCA added.

SCA urged all contractors to register in Muqawil portal to start pre-qualification for various projects under the PIF’s affiliates program.

Source:Argaam