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MONTHLY COST REPORTREPORTING 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.
SCOPE
CONTRACT VARIATION PROJECTED VARIANCE AGAINST
BASE BUDGET REVISED BUDGET VALUE ORDERS FINAL COST REVISED BUDGET
(SAR X 1000) (SAR X 1000) (SAR X 1000) (SAR X 1000) (SAR X 1000) (SAR X 1000)
Tower 105,666.76 97,214.74 97,214.74 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
Budget Category Description
Approved
Budget(SAR x 1000)
Approved
BudgetOverrun
(SAR x1000)
Rev
Latest
RevisedBudget (SAR
x1000)
AwardedPackages
(SAR x1000)
Packages
Yet to be
Awarded (SAR
x1000)
Tendering Early
Warnings &Risk
Allowance (SAR
x1000)
Estimate to
Complete (SAR x1000)
Variance to
Latest Approved
Budget (SAR
x1000)
Approved Variation Orders
(SAR x1000)
Contract Dept.Early
Warnings &Risk
Allowance (SAR
x1000)
Anticipated
Final Account
(SAR 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.
PROVISIONAL SUM CONTRACT ALLOWANCE AWARDED VALUEBALANCE TO
PLACESTATUS
Internal lighting fixtures for ground floor lobby
1,000,000.00
Internal features stairs 1,000,000.00
Increasing CAM unit capacity 30% more than the existing capacity
1,000,000.00
Hard & Soft Landscaping 1,000,000.00
TOTAL 4,000,000.00
3. CLAIMS
• THERE IS NO AGREED CLAIM UNDER THE MAIN CONTRACT
4. 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.
NO. DESCRIPTION AWARDED DATE CONTRACT TYPE VENDOR SIGNATUREEMPLOYER SIGNATURE
COMMENTS
1 Main Works 27/Oct/13Re-Measured Contract
4/Dec/13 4/Dec/13Contract documents signed & executed by the parties
2Design & construction of Car Parking
TBA
5. 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
1Advance Payment Guarantee No. ------ dated 18. 12. 2013 from -------Bank
Till complete recovery of Advance Payment
50,000,000.00 15-Feb-16
2Advance Payment Guarantee No. ------ dated 04. 05. 2014 from ------Bank
Till recovery of Advance Payment
50,000,000.00 15-Feb-16
3Bank Guarantee No. ------- dated 05.11.2013 from -------Bank.
Till the end of DLP 25,000,000.00 15-Feb-16
4Contractors All Risk Policy No. ------- dated 06. 01. 2014 from ----- Cooperative Insurance Company
Construction Period 1/1/14 to 1/4/16 1-Apr-16
Maintenance Period 2/4/16 to 1/4/17 1-Apr-16
6. 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
NO. CUMULATIVE VALUE CONTRACT VALUE
% CERTIFIED COMPLETION
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%
7. CASHFLOW
• CURRENTLY THERE IS SLIGHT VARIATION IN ACTUAL AND FORECASTED CASHFLOWS
• HISTGRAM FOR FORECASTED, ACTUAL AND CUMULATIVE CASHFLOWS SHOWN BELOW
Cash Advance
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. Rls.)
0.00
10,000.00
20,000.00
30,000.00
40,000.00
50,000.00
60,000.00
70,000.00
80,000.00
90,000.00
100,000.00
0.00
100,000.00
200,000.00
300,000.00
400,000.00
500,000.00
600,000.00
86,5
00.0
0
21,7
89.0
0
15,3
89.0
0
14,5
63.0
0
15,8
39.0
0
11,2
06.0
0
19,0
07.0
0
21,9
34.0
0 33,0
63.0
0 43,7
36.0
0
28,8
08.0
0
27,6
89.0
0
28,2
69.0
0
42,6
36.0
0
15,4
14.0
0
11,9
93.0
0
12,1
65.0
0
50,0
00.0
0
8650
0
Plan ActualCum.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 NO.
DESCRIPTION MITIGATION DATE RAISED VALUE (SR) STATUS
1 Providing utilities such as power & chilled water for the building
TBA TBC On going
2 Finalization Revised schedule TBA TBC On going
3 Finalization of IFC drawings TBA TBC On going
PROJECT NAME:CONSTRUCTION
PROJECT NO:PIC F 8101
DATE
ISSUES AND RISK TRACKING LOG
Date RaisedVendor
Scope of Contract
Description of Issue/Risk
Mitigation Required
Probability of Occurance
Commercial Impact if
Occurs
Estimated Cost if
Ouuurs (EW)
Aount to include in
Cost Report
Source of Risk
Responsible for Action
Comments
Date
High/
Medium/LowHigh/
Medium/LowSR SR
Providing utilities Low High TBC TBC Client
Finalization of revised schedule
Low Low TBC TBC Cont/
Consultant
Finalization IFC Drawings
Low Medium TBC TBC Consultant
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