No Marafiq employee is authorized to commit to any supplier or contractor in any way unless he has been furnished with a PO, contract or LOI, duly authorized in terms of the company’s policies and procedures, and Marafiq Delegation of Authority (MDOA).
No changes shall be permitted to any contract without a Contract Change Order duly approved by authorized signatory and shall require approved CORF whilst it is not required for amendment of Purchase order.
To ensure that Marafiq procures its requirements for materials and services in the most cost effective manner, a minimum of three (3) competitive bidders shall be obtained wherever possible. These shall be obtained from diverse companies no two (2) of which are part of similar group of companies or are related to each other in anyway.
A bid bond/guarantee shall be required for all proposals with total value of Saudi Riyals Ten Million (SR10,000,000) or above. The value of the bid bond/guarantee shall be one percent (1%) of contractor’s total bid.
Contractor shall be required to submit a performance security which is five percent (5%) of the total contract price and which shall remain valid for the entire contract and warranty period.
Marafiq shall contract or purchase materials and services for work to be performed in Saudi Arabia only from vendors or contractors who are properly licensed and/or commercially registered by the Saudi Arabian authorities. However, in certain circumstances where it is in the best interest of Marafiq, Contracts with due approval of Marafiq authorities in accordance to Marafiq DOA may be awarded to GCC entity and/or foreign entities.