Project Agreement Contract

Project Agreement Contract Template for Saudi Arabia

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Key Requirements PROMPT example:

"I need a Project Agreement Contract under Saudi law for a government-backed infrastructure development project in Riyadh, with a completion date of March 2025, including specific provisions for local content requirements and multiple subcontractor arrangements."

Document background

The Project Agreement Contract is a fundamental document used in Saudi Arabia to formalize project relationships and obligations between parties engaging in significant business ventures. It serves as the primary framework for project execution across various sectors, particularly relevant in the context of Saudi Vision 2030 initiatives. The document must comply with Saudi law, including the Government Tenders and Procurement Law where applicable, and adhere to Shariah principles. It typically includes detailed provisions for scope, timeline, payment terms, performance requirements, and risk allocation, while incorporating specific Saudi Arabian requirements such as local content (IKTVA) provisions, Saudization requirements, and relevant regulatory compliance measures. The agreement is essential for both public and private sector projects, providing a comprehensive framework for project governance and dispute resolution.

Suggested Sections

1. Parties: Identification of all contracting parties, including full legal names, commercial registration numbers, and authorized representatives

2. Background: Context of the project agreement, including the tender process if applicable, and brief description of the project objectives

3. Definitions and Interpretation: Comprehensive definitions of terms used throughout the agreement and rules of interpretation

4. Scope of Work: Detailed description of the project scope, deliverables, and objectives

5. Contract Price and Payment Terms: Financial terms including price, payment schedule, invoicing requirements, and VAT treatment

6. Project Timeline: Project schedule, milestones, completion dates, and delivery requirements

7. Obligations of the Contractor: Detailed responsibilities and obligations of the contractor including quality standards and compliance requirements

8. Obligations of the Principal: Responsibilities and obligations of the principal including access, approvals, and information provision

9. Project Management: Management structure, reporting requirements, and communication protocols

10. Changes and Variations: Procedures for handling changes to scope, pricing, or timeline

11. Quality and Standards: Quality requirements, applicable standards, and inspection procedures

12. Warranties and Guarantees: Contractor warranties, performance guarantees, and remedies for breach

13. Risk and Insurance: Risk allocation, required insurance coverage, and liability provisions

14. Force Majeure: Definition of force majeure events and consequences

15. Termination: Grounds for termination, procedures, and consequences

16. Governing Law and Dispute Resolution: Confirmation of Saudi law as governing law and dispute resolution mechanisms

17. General Provisions: Standard boilerplate clauses including notices, assignment, and entire agreement

Optional Sections

1. Health, Safety and Environment: Required for projects involving construction, manufacturing, or hazardous operations

2. Local Content Requirements: Required for projects subject to Saudi Aramco's In-Kingdom Total Value Add (IKTVA) program or similar local content requirements

3. Intellectual Property Rights: Required when project involves creation or use of intellectual property

4. Confidentiality: Required for projects involving sensitive information or trade secrets

5. Performance Bond: Required for high-value projects or where specified by tender requirements

6. Parent Company Guarantee: Required when contractor's financial strength needs additional support

7. Step-in Rights: Required for critical infrastructure or essential service projects

8. Export Control Compliance: Required for projects involving international trade or technology transfer

9. Saudization Requirements: Required for projects with specific employment quotas or training obligations

Suggested Schedules

1. Schedule 1 - Scope of Work: Detailed technical specifications and requirements

2. Schedule 2 - Project Timeline: Detailed project schedule with milestones and critical paths

3. Schedule 3 - Pricing Schedule: Detailed breakdown of prices, rates, and payment milestones

4. Schedule 4 - Key Personnel: List of key project personnel and their qualifications

5. Schedule 5 - Required Insurance: Details of insurance types and coverage requirements

6. Schedule 6 - Forms of Bonds and Guarantees: Templates for performance bonds and guarantees

7. Schedule 7 - HSE Requirements: Detailed health, safety, and environmental requirements

8. Schedule 8 - Quality Assurance Plan: Quality management procedures and requirements

9. Schedule 9 - Permits and Licenses: List of required permits and responsible parties

10. Schedule 10 - Form of Progress Reports: Templates for project reporting

11. Appendix A - Site Information: Details of project location and site conditions

12. Appendix B - Equipment and Materials: Specifications for equipment and materials to be used

13. Appendix C - Testing and Commissioning Procedures: Procedures for testing and commissioning of deliverables

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Construction and Infrastructure

Oil and Gas

Manufacturing

Technology and Digital Transformation

Healthcare

Education

Transportation

Energy and Utilities

Mining and Minerals

Real Estate Development

Defense and Security

Telecommunications

Environmental Services

Industrial Development

Relevant Teams

Legal

Project Management Office

Commercial

Procurement

Finance

Operations

Risk and Compliance

Technical

Quality Assurance

Government Relations

Business Development

Health Safety and Environment

Relevant Roles

Project Director

Contract Manager

Legal Counsel

Chief Executive Officer

Commercial Manager

Project Manager

Technical Director

Risk Manager

Procurement Manager

Compliance Officer

Finance Director

Operations Manager

Business Development Manager

Government Relations Manager

Technical Consultant

Quality Assurance Manager

HSE Manager

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