MONTHLY COST REPORT

REPORTING PERIOD 01-MAY-15 TO 31-MAY-15

By
Riyas Sainulabdeen
Sr. Cost Director
 INTRODUCTION

• CLIENT :
• CONSULTANT : MORGANTI GROUP
• CONTRACTOR :
• COMPLETION DATE : 21ST MARCH 2016
• CONTRACT VALUE : SR. 500 MILLION
• APPROVED VO : NIL
• ANTICIPATED VARIATIONS : NIL
• EXTENTION OF TIME : NIL
• CURRENT ANTICIPATED FINAL ACCOUNT : SR. 500M
•

1.1 MAIN COST SUMMARY

• MAIN CONTRCT COST SUMMARY AND PROJECT BUDGET STATUS ARE GIVEN IN
BELOW SLIDES.
•

CONTRACT VARIATION PROJECTED VARIANCE AGAINST

SCOPE BASE BUDGET REVISED BUDGET VALUE ORDERS FINAL COST REVISED BUDGET

(SAR X 1000) (SAR X 1000) (SAR X 1000) (SAR X (SAR X 1000) (SAR X 1000)

Tower 105,666.76 97,214.74 97,214.74 1000) 97,214.74 -8,452.02

Facade 92,271.99 86,841.42 86,841.42 86,841.42 -5,430.57

Basement 23,379.28 21,353.72 21,353.72 21,353.72 -2,025.56

Fit-out 66,046.75 67,917.27 67,917.27 67,917.27 1,870.52

MEP Services 168,221.76 188,226.70 188,226.70 188,226.70 20,004.94

Site works 7,288.43 1,346.12 1,346.12 1,346.12 -5942.31

Provisional Sum 4,125.00 4,100.00 4,100.00 4,100.00 -25.00

Design & Engineering 33,000.00 33,000.00 33,000.00 33,000.00

TOTAL 500,000.00 500,000.00 500,000.00 500,000.00 0.00

PRJECT NAME: CONSTRUCTION

PRJECT NO:
DATE: 30/4/2015
LEVEL 1 - PORTFOLIO REPORT
TABLE 1 - PROJECT BUDGET STATUS
CATEGORY BUDGET TENDERING CONTRACTS
Contract
Tendering
Dept.
Approved Packages Early Variance to
Latest Awarded Approved Early
Approved Budget Yet to Warnings & Estimate to Latest Anticipated
Budget Category Revised Packages Variation Warnings &
Budget Overrun Rev be Risk Complete Approved Final
Description Budget (SAR (SAR Orders Risk
(SAR x 1000) (SAR Awarded Allowance (SAR x1000) Budget Account
x1000) x1000) (SAR Allowance
x1000) (SAR (SAR (SAR (SAR x1000)
x1000) (SAR
x1000) x1000) x1000)
x1000)
Building Construction 500,000.00 500,000.00
500,000.00 500,000.00
Car Parking TBA

Consultancy Fee 23,089.00 23,089.00 23,089.00 23,089.00

Authority fees

Others
Contigency

TOTAL (SR) 523,089.00 0.00 523,089.00 523,089.00 523,089.00

-
 2. CHANGE MANAGEMENT

• CURRENTLY THERE IS NO APPROVED VARIATION TO MAIN CONTRACT PACKAGE

•

2.2 PROVISIONAL SUMS

• THE CONTRACT PRICE INCLUDE PROVISIONAL SUM OF 4 MILLION SAUDI RIYAL

FOR THE FOLLOWING ITEMS.

BALANCE TO
PROVISIONAL SUM CONTRACT ALLOWANCE AWARDED VALUE STATUS
PLACE
Internal lighting fixtures for ground floor
1,000,000.00
lobby

Internal features stairs 1,000,000.00

Increasing CAM unit capacity 30% more

1,000,000.00
than the existing capacity

Hard & Soft Landscaping 1,000,000.00

TOTAL 4,000,000.00
3. CLAIMS

• THERE IS NO AGREED CLAIM UNDER THE MAIN CONTRACT

•

3. CONTRACTS

• CONTRACTS FOR MAIN WORKS HAS BEEN SIGNED EXECUTED BY THE PARTIES
ON 4TH DECEMBER 2013
• CONTRACT FOR DESIGN & CONSTRUCTION OF CAR PARKING HAS TO BE
FINALIZED FOR THE PROJECT.

EMPLOYER
NO. DESCRIPTION AWARDED DATE CONTRACT TYPE VENDOR SIGNATURE COMMENTS
SIGNATURE
Re-Measured Contract documents signed &
1 Main Works 27/Oct/13 4/Dec/13 4/Dec/13
Contract executed by the parties
Design & construction of Car
2 TBA
Parking
 3. INSURANCES / BONDS

• THERE IS NO ANY SUBMISSION OF INSURANCE / BONDS DURING THE

REPORTING PERIOD
• NO ANY DUE DATE FOR THE EXTENTION / RENEWAL OF EXISTING INSURANCE /
BONDS WITHIN THE PERIOD
• DETALS OF SUMMARY IS BELOW
•

NO. DESCRIPTION CONTRACT PROVIDED VALUE EXPIRY

Advance Payment Guarantee No. ------ Till complete recovery of

1 50,000,000.00 15-Feb-16
dated 18. 12. 2013 from -------Bank Advance Payment

Advance Payment Guarantee No. ------ Till recovery of Advance

2 50,000,000.00 15-Feb-16
dated 04. 05. 2014 from ------Bank Payment

Bank Guarantee No. ------- dated

3 Till the end of DLP 25,000,000.00 15-Feb-16
05.11.2013 from -------Bank.

Contractors All Risk Policy No. ------- Construction Period 1/1/14 to 1/4/16 1-Apr-16
4 dated 06. 01. 2014 from -----
Cooperative Insurance Company Maintenance Period 2/4/16 to 1/4/17 1-Apr-16
 3. VALUATION / INTERIM PAYMENTS

• CYRRENTLY THERE IS NO OVERDUE PAYMENT TO ----------.

• PAYMENT FOR THE MONTH OF JANUARY WILL BE DUE ON 16TH MARCH 2015
• COMPLETE SUMMARY OF PAYMENTS BELOW
•

% CERTIFIED COMPLETION

NO. CUMULATIVE VALUE CONTRACT VALUE STATUS

TO DATE DATE

1 86,500,000.00 500,000,000.00 Payment (Advance) released

2 21,788,973.60 500,000,000.00 17.30%

 3. CASHFLOW

• CURRENTLY THERE IS SLIGHT VARIATION IN ACTUAL AND FORECASTED

CASHFLOWS
• HISTGRAM FOR FORECASTED, ACTUAL AND CUMULATIVE CASHFLOWS SHOWN
BELOW
100,000.00 600,000.00

86,500.00
86,500.00
90,000.00

500,000.00
80,000.00

70,000.00
400,000.00

50,000.00
60,000.00

43,736.00

42,636.00
50,000.00 300,000.00

33,063.00

28,808.00

28,269.00
40,000.00

27,689.00
21,934.00
21,789.00

200,000.00

19,007.00
30,000.00
15,839.00

15,414.00
15,389.00

14,563.00

12,165.00
11,993.00
11,206.00
20,000.00
100,000.00

10,000.00

0.00 0.00
Cash May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 (Rtn.
Advance Rls.)

Plan Actual Cum.Plan Cum.Actual (ALL VALUES IN SARx1000)

 8. RISKS

CURRENTLY THE FOLLOWING RISKS WERE NOTICED FOR THE PROJECT.

• PROVIDING UTILITIES SUCH AS POWER & CHILLED WATER FOR THE BUILDING
• FINALIZATION OF REVISED SCHEDULE
• FINALIZATION OF IFC DRAWINGS
•

ITEM
DESCRIPTION MITIGATION DATE RAISED VALUE (SR) STATUS
NO.

Providing utilities such as power &

1 TBA TBC On going
chilled water for the building

2 Finalization Revised schedule TBA TBC On going

3 Finalization of IFC drawings TBA TBC On going

 CONSTRUCTION
PROJECT NAME:

PIC F 8101
PROJECT NO:

DATE

ISSUES AND RISK TRACKING LOG

Date Commercial Estimated Aount to

Scope of Description of Mitigation Probability of Source of Responsible
Raised Vendor Impact if Cost if include in Comments
Contract Issue/Risk Required Occurance Risk for Action
Occurs Ouuurs (EW) Cost Report
Date High/Medium High/Mediu
SR SR
/Low m/Low

Providing utilities Low High TBC TBC Client

Finalization of revised Cont/Cons

Low Low TBC TBC
schedule ultant
Finalization IFC
Low Medium TBC TBC Consultant
Drawings
 10. PENALTIES & DELAY DAMAGES

• ARTICLE 39 OF THE CONDITIONS OF CONTRACT DESCRIBES THE

CIRCUMSTANCES WHEN THE CONTRACTOR SHALL BE LAIBLE FOR DELAY
DAMAGES.
• THE PENALTY SHALL BE APPLIED IN 3 STAGES DEPENDING ON DELAY PERIOD.
• TOTAL FINE IMPOSED MAY NOT EXCEED 10% OF THE CONTRACT VALUE.
• IN THE EVENT OF A DELAY EXCEEDS A PERIOD OF 132 DAYS, THE EMPLOYER
RESERVES THE RIGHT TO RECOVER THE MAXIMUM OF DELAY DAMAGE WITH
IMMEDIATE EFFECT.
• CURRENTLY THE CONTRACTOR IS NOT LAIBLE FOR ANY PENALTIES.
•

STAGE START DATE SAR/DAY TOTAL SAR COMMENTS

MAIN WORKS

0 - 41 Days of delay 22-Mar-16 154,321.00 6,327,161.00

42 - 81 Days delay 2-May-16 308,642.00 12,345,680.00

More than 81 - 132 Days 11-Jun-16 617,284.00 31,327,159.00

TOTAL 50,000,000.00