Government have appointed emerging qualifying and capable contractors on its database for construction of small housing contracts and mega projects. In this case government has committed the projects funding through a Service Level or Funding Agreement with the appointed contractor but payable on value created on the ground or milestone per building stage. Technically the agreement is a fund guarantee. These projects need investment or funding and management processes hence HLFA is creating a South African Fund for short-term investment (Two months to 10 years turnaround payment). HLFA will do mortgage lending.
Criteria for Contractor Assistance and Investment on Project
Contractors and Projects Assessment
