Home Finance Contractor Payment Submission Requirements

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

1. 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

2. 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

3. 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

4. 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.