Sharjah cuts contractor payment times

Online system will see government contractors paid more quickly

PHOTO: Skyscraper construction in Sharjah, UAE. Credit: File photo - Shutterstock

Contractors working for the Sharjah government will be paid more quickly under a new online payments system, according to a statement.

The Sharjah Central Finance Department (SFD) announced the implementation of an efficient payment processing system that reduces the time it takes to process payments by half.

This will help “contractors and suppliers to save time and meet their obligations more quickly”, it was announced.

“The Sharjah Central Finance Department will collaborate with the Directorate of Housing to pay the contractors who execute projects for the Government of Sharjah. The payment processing time will take only 45 days from the date of the payment approval from the consultant and the ratification from the online Takamul programme.”

The new payment system is being implemented under the directives of Sheikh Dr Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, to speed up and simplify payment processes in order to complete projects in the emirate more effectively.

The new payment system will boost competitiveness among contractors and enable them to deliver projects according to schedule, according to the statement.

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