Compensation for public contractors

The long-awaited Public Contractors’ Compensation Law, which obtained parliament approval back in May, finally entered into force on 9 July 2017. Then on the 1st of October 2017, the Cabinet issued the Decree No. 13 of 2017, where it ratified the proposals approved by the Supreme Committee for Compensation regarding the criteria, guidelines and rates of compensation that all the Egyptian government entities subject to the Law must comply with when preparing their studies of the compensation due to contractors.

The Law represents an important step towards mitigating the serious burdens incurred by the public contractors arising from their contractual arrangements with the GOE.

Find here more details.