Reserve Fund Study as per RERA new law.

Contract
Posted On: June 25, 2025
Closing On: July 25, 2025
JOB REFERENCE:
JB007-25-02452

Dear Sir/Madam,

Greetings from ASTECO!

We would like to request for proposal of below services for one of our property Park One JOP Located in JVT.

  1. Reserve Fund Study - Park One.
Kindly find below Building Details for your reference.


Residencial Unit  :  56   No

Retail Unit            : 1No

Total Applicable Area:  53,187 sqft 


 Property  Location: JVT

 

Terms & Condition

No Subcontracting: In accordance to Jointly Owned Property Law No.6,2019, Notwithstanding anything in this Agreement, the vendor/contractor may not use any subcontractor to perform any of his obligations under this work order. Unless: 

(a) Vendor has obtained the prior written consent of SAGA to the use of the subcontractor, and 

(b) Vendor has entered into a separate written agreement with the subcontractor which requires the subcontractor to agree to and abide by all the terms and conditions of this Agreement. 

The Community shall be deemed to be a third-party beneficiary of any such agreement between the vendor and a permitted subcontractor. 

Notwithstanding the foregoing, the vendor shall not be relieved of any of its duties or obligations under this Agreement as a result of entering into a written agreement with a permitted subcontractor.

Payment will be done after 30 days work completion upon submitting the invoice along with work completion/service reports/warranty certificates. 
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SAGA International Owner Association Management Services LLC
SAGA International Owner Association Management Services LLC
Park One Jointly Owned Property
Park One Jointly Owned Property
Mixed Use

Park One Jumeirah Village Triangle, Dubai, United Arab Emirates

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