Doing Business in UAE - Morison Menon

Contracting Firms have been classified under Regulation (4) by the contractors’ classification committee
in the year 1980. Under this law, contractors/engineering firms are recognized under the following classifications
as mentioned in the table below.
Classification Conditions
Category
Minimum Financial
Conditions
Value of capitals
& Assets
(AED)
“Technical Conditions” Permanent
Technical Staff
Special 20,000,000 1. Full time Engineering and technically
specialized staff consist at least of: -
Senior Engineer with experience not
less than 15 years. - Engineer with
experience not less than 12 years. -
Two Engineers with experience not less
than 10 years each
2. Full time Accounting staff
First 10,000,000 1. Specialized Engineering & Technical
staff consists at least of: - One Engineer
with experience not less than 12 years.
–Two Full time Engineers with experience
not less than 5 years each.
2. Full time Accounting staff.
Second 5,000,000 1. Full time Specialized Engineering &
Technical staff consists at least of: -
Engineer with experience not less than
10 years. - Engineer with experience
not less than 5 years.
2. Full time Accounting staff.
Third 3,000,000 1. Full time Specialized Engineering &
Technical Staff consists at least of: -
One Engineer with experience not less
than 7 years. 2. Accountant.
Fourth 1,000,000 Full time Specialized Engineering &
Technical Staff consists at least of: -
One Engineer with experience not less
than 5 years.
Fifth 500,000 Full time Specialized Engineering & Technical
Staff consists at least of: - One Engineer
with experience not less than 3 years.
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“Experience conditions”
Contracts executed
during the last
6 years before applying
for classification
Three contracts at least
well executed, value of
each not less than
80,000,000
Two contracts at least,
well executed, value of
each not less than
40,000,000
Two contracts at least,
well executed, value of
each contract not less
than 20,000,000
Two contracts at least,
well executed, value of
each not less than
10,000,000
Two contracts at least,
well executed, value of
each not less than
3,000,000
-----
Estimated
value of the
contracts that
he may participate
in
More than
50,000,000
More than
20,000,000 up
to 90,000,000
More than
10,000,000 up
to 50,000,000
More than
5,000,000 up to
30,000,000
More than
2,000,000 up to
15,000,000
5,000,000