You'll be signed off in 60 seconds due to inactivity

English news

24-Feb-2016

Plan to add Omani staff redundancy clause in tenders

Oman's authorities are weighing the inclusion of a amendment in government-linked construction and procurement tenders that requires contractors to factor in the cost of paying compensation to Omani employees made redundant during the tenure of a contract. The move is presently being contemplated for incorporation in tenders related to the Sultanate's oil and gas sector, which is in the midst of a downturn brought on by collapsing international oil prices. In making provision for redundancy related contingency costs, contractors are expected to either seek additional insurance cover for their Omani staff or directly bill these costs to the client when bidding for a contract. (Oman observer, Zawya)

Learn more about the cookies we use.