DM goes for a single policy on insurance
All contracts below Dhs1 million to have standard policy
Dubai Municipality is standardising insurance policies to simplify procedures for engineering consultants and contracting firms that undertake projects for the civic body.
The idea is to prepare a unified insurance policy for all municipal projects whose costs are below Dhs1 million. If the cost of a project is more, there will be a separate policy for it. The present system is to have separate policies for each project.
“This will standardise the insurance cover on all civic projects. Moreover, it will ensure adequate underwriter security and ensure that the insurance coverage is in place as and when required,” said Essa Al Maidour, director of contracts and purchasing department.