As part of the Taqdeer Award launched by the Dubai government on 16 December 2015 at the Ritz Carlton DIFC, construction companies will receive government incentives if they invest in labour welfare.
The award will concentrate on the construction sector in its first year, inviting companies to participate in the Award by submitting a comprehensive submission document, which will be thoroughly evaluated by a Judging Committee.
Based on the number of points they receive in the evaluation, companies are awarded a rating ranging from one to five stars. The programme is open to Dubai-based companies in the construction sector that employ manual workers.
Companies in the construction sector involved in civil, electrical and mechanical work that have been operating for at least two years and have executed a minimum of two projects in the last two years are eligible for applying to the Taqdeer Award.
In the first year of the Award, only companies involved in the construction of buildings, roads, bridges, tunnels, plumbing installation and power generation plants are eligible for applying.
According to local paper Gulf News, 283 companies in the construction sector can apply for the award, which will rank them on a scale of 1,000 points. Under the system, the companies with four or five rating will receive priority on government projects. Also companies with the top points will have a competitive advantage in bidding for international contracts.