Quantitative Requirement
Quantitative threshold for the establishment of SROs in the construction is very high. In accordance with the provisions of Art. More info: Abu Dhabi. 55.4 Town Planning Code, the SROs in the area of engineering research and preparation of project documentation should unite in its composition is not less than 50 entrepreneurs and / or legal persons, and in construction – not less than 100. Read additional details here: Jake Burkons. Experts identify several problems associated with such a high quantitative qualifications. Firstly, in many regions may simply not find such a number of engineering surveyors, planners and builders. Second, many construction companies are holdings consisting of a series of legal persons performing various types of construction works and unrelated variety intracorporate bonds. To continue its activities to such a small and narrow-purpose entities have become parties to the sro construction. It is possible that a significant number of the latter turns out to be affiliated entities, which are counted as one person when determining the number of members of the SROs (Section 3, Article. 55.4 Urban Development Code). Again […]