The bank guarantee must remain valid for at least 3 months after the date of envelope opening.
The maximum duration of a temporary lease contract is 180 days. It may be extended for an additional 180 days if no other requests have been submitted for the same site.
The financial auditor submits the annual financial statements for the project and determines the total revenues, based on which the entity's entitlements are calculated.
A bank guarantee is not released until the award has been made to the investor. This is processed by the offering entity associated with the opportunity to which the bid was submitted.
Municipal properties are leased through public competition, direct leasing, or open public bidding, in accordance with the Municipal Properties Disposal Regulation issued under Royal Decree No. 40152, dated 29/6/1441 H, and the associated instructions, guidelines, and directives.
The Investment Services Specialist may initiate the site handover process after the investor has paid the first year's rental value. This is done through the Site Handover service by setting the handover date and conducting the site visit.
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