Home Finance Contractor Payment Submission Requirements

For Contractor Payments, kindly submit the forms through Email to HFCP@emiratesislamic.ae in the formats listed below:

The following should be mentioned in the payment request:
- Payment Request number
- Owner name
- Our reference file number (HF/XXXX)
- Site engineer name and contact
- Site Google coordinates
Checklist for running payment submission:
- Payment certificate as per approved format
- Work done breakdown based on approved BOQ
- Site Photos stamped and signed by consultant as per approved format
- Contractor’s IBAN certificate
Checklist for final payment submission:
- Handing Over Certificate – Bank Format
- Completion certificate if applicable
- Permanent power connection confirmation
- Delay reasons if applicable
- Keys and guarantees receipt acknowledgement from customer if applicable
- Request letter to release 10% Performance Guarantee & 10% Retentions to be approved by customer and consultant as per the bank’s approved format
In case of the owner’s wish to change the project’s contractor/consultant:
- Copy of construction agreement
- BOQ – Signed by all party in each page - ORIGINAL
- Building Permit
- Owner Share completion – if there is
- Trade License Copies of Contractor / Consultant
- Emirates ID copies of Contractor & Consultant Signatories
- Undertaking Papers
  - Contractor Undertaking
  - Owner Undertaking
  - Consultant Undertaking (In case of Changing the Consultant)
- Performance Bond – Bank Guarantee 10% of Bank Finance Click here
- Request from owner for change of contractor
- Old contractor A/c settlement prepared by consultant to be signed by all parties
- Old contractor’s No objection to terminate agreement with bank

For inquiries, please contact HFCP@emiratesislamic.ae

For your convenience and to reduce branch visits, please submit the forms in the above-mentioned formats.

Home Finance Contractor Payment Submission Requirements

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