Glossary

• Advance payment guaranteeAn advance payment guarantee is a bank's promise to repay the client's mobilisation advance if the contractor fails to perform. It usually reduces as.
• Advance paymentAn advance payment, or mobilisation advance, is money a client pays a contractor before work starts. It is invoiced and taxed when received and then.
• Annual leaveAnnual leave is paid time off a worker earns by service. Under UAE law a private-sector worker earns two days a month after six months and at least.
• Basic salaryBasic salary is the fixed monthly wage in an employment contract before allowances such as housing, transport or food. In the UAE it is the base for.
• Bill of ladingA bill of lading is the shipping document issued by the carrier that shows goods are on board and in transit, describes the cargo and is needed to.
• Costing sheetA costing sheet is the project budget built after award: the expected cost of materials, labour, subcontractors and overheads that actual costs are.
• E-invoicing (UAE)UAE e-invoicing is the Ministry of Finance's system for exchanging invoices electronically through accredited service providers. Businesses with.
• Goods received noteA goods received note records what actually arrived against a purchase order, so quantities and condition can be checked before the supplier is paid.
• GratuityEnd-of-service gratuity is the lump sum a full-time foreign worker in the UAE private sector receives when the job ends, after at least one year of.
• Interim payment applicationAn interim payment application is the contractor's monthly claim for the value of work done and materials on site. It is checked against inspections.
• Landed costLanded cost is the full cost of getting material to site: the supplier's price plus freight, insurance, customs duty, import VAT where not recovered,.
• Material inspection report (MIR)A material inspection report confirms that material delivered to site matches the approved submittal. It is usually signed off by the consultant and.
• OvertimeOvertime is work beyond normal working hours. In the UAE private sector it is paid at the basic hourly wage plus at least 25%, or plus at least 50%.
• Payment certificateA payment certificate is the client's or consultant's confirmation of the amount due on an interim payment application. Under UAE VAT rules the.
• Performance guaranteeA performance guarantee is a bank's promise to pay the client a set amount if the contractor fails to perform the contract. It is commonly a.
• Rest dayA rest day is the weekly day off set in the employment contract or work regulations. A UAE worker asked to work on it receives another day off, or.
• RetentionRetention is the part of each certified payment a client keeps back as security that the contractor will finish the work and correct defects. It is.
• SubmittalA submittal is a document sent to the consultant for approval before something is used on a project: a material, a supplier's pre-qualification,.
• VariationA variation is an agreed change to a construction contract's scope, which changes the contract value and usually the programme. Variations should be.
• Work inspection report (WIR)A work inspection report confirms that a piece of work is complete and matches the approved design. Once accepted by the consultant it supports the.
• WPS (Wage Protection System)The Wage Protection System is the UAE's electronic salary transfer system. Private companies registered with the Ministry of Human Resources and.