Aug
21
2012

Essay: Project Execution Regulations

The Government Procurement and Project Execution Regulations and By-Laws are the regulations which govern the commencement of government projects. More so, additional supplementary resolutions and circulars that require a government department to seek permission for hiring a contractor to perform the project from the entity which is the controlling authority are needed (Al-Ghafly, 1995).

There is also co-ordination which requires the entity desirous of commencing the project as well as other entities which perform similar duties and are within the ambit of the jurisdiction. The King must approve any projects requiring over Saudi Riyals (SR) 100 million before the execution of any contract. In addition, projects which are estimated to take more than one year ought to be submitted for review by the Ministry of Finance. This should be done before the contract is executed (Latham, 1994).

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