Govt grants relief to firms hit by West Asia disruptions, extends contract deadlines without penalty
The Ministry of Finance has granted relief to contractors and suppliers affected by disruptions in West Asia, allowing extended deadlines without penalties. Delays caused by the situation will be treated under the 'Force Majeure' clause, which covers unforeseeable circumstances beyond control. This measure aims to support firms facing logistical and operational challenges due to the regional unrest.
- ▪Contractors and suppliers with government contracts are granted time extensions.
- ▪No penalties will be imposed for delays caused by West Asia disruptions.
- ▪The delays are recognized under the 'Force Majeure' clause by the Department of Expenditure.
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The Ministry of Finance has said that contractors and suppliers executing contracts with government entities will be given additional time and will not face penalties if their work has been disrupted due to the ongoing West Asia situation, according to an official memorandum.In the Office Memorandum issued by the Department of Expenditure, the government clarified that delays caused due to such disruptions will be treated under the “Force Majeure” clause, which allows relief in extraordinary circumstances beyond human control”.
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