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FAQ
What is the Evaluation Request Service?
A service that enables the contractor to share the evaluation form with project managers/evaluators to carry out the contractor evaluation process.
FAQ
What is the evaluation mechanism?
"Access Balady services and select (Project Evaluation Request) from the classification of city service providers, fill in the project evaluation request information, submit the request, and view the evaluation after it is approved by the employee as it will also be reflected on the search screen.
FAQ
What is the purpose of the questionnaire?
"Helping decision-makers understand the current challenges faced by developers in order to contribute to providing the necessary support and offering tailored recommendations to improve and develop skills, as well as designing transitional plans to address these challenges, enhance capabilities, and elevate the real estate market in the Kingdom as part of achieving Saudi Vision 2030.
FAQ
What does the questionnaire consist of?
"The questionnaire consists of two parts: the first part is mandatory and focuses on core functions, and the second part is optional and focuses on strategic and support functions. The questionnaire contains 89 questions. Each question in the functional sections has 3 options, and only one option can be selected. Answers can be edited before submission. The questionnaire is estimated to take 7 to 15 minutes to complete. It remains active for one week from the time the link is received. Note: The questionnaire results will remain confidential and will not be published. They will be used to enhance the skills of real estate developers and will not affect any current or potential incentives from the Ministry of Municipal and Rural Affairs and Housing.
FAQ
Is it possible to extend the validity of the classification certificate?
Yes, the beneficiary or engineering office may submit a request to extend the certificate via the classification certificate extension service.
The request can be submitted 15 days before expiration and up to 90 days after expiration.
If approved, the certificate is extended for 90 days from the original expiration date.
FAQ
If a company does not have financial statements and wants to operate only in the private sector (not subject to government tenders), can it still obtain a classification certificate?
Yes, a classification certificate can be obtained by meeting the minimum technical and financial criteria.
FAQ
COVID-19 affected the credit evaluation of many companies due to loan defaults and rescheduling. How will the new classification system take into account businesses impacted by economic conditions?
The credit evaluation criteria are based on international best practices that consider economic cycles. The risk level of the company’s sector is determined, and the weight of other credit criteria is adjusted based on Saudi Arabia’s economic weight.
FAQ
Will the classification domains remain the same as in the previous system?
Classification in the new system will be based on the approved activities listed in the National Classification of Economic Activities.
FAQ
How can one verify whether a company’s activity falls under the classification system?
The approved list for each field and the included sectors and activities can be accessed and verified through the ministry agency’s website for regulating city operators. (Financial Boundaries Guide for Classification Sector Activities via the Balady platform).
FAQ
When did the new classification system come into effect?
The new system is already in effect.
