WRDA/2024/019
Terms, guarantees, milestones, variation orders and payment certificates.
From original to current value
Variations pending: 1 worth SAR 22.5M — if approved the value becomes SAR 260.1M
41% of the current value paid
Paid
98.4Mof a current value of SAR 237.6M
Rehabilitate 4.5 km of waterfront: marine protection, promenade, public amenities, lighting and planting.
Monthly certificates on quantities measured and certified by the consultant, paid within 30 days of approval; the advance is recovered from each certificate.
Payment period
30 days
Retention
10%
Released at final acceptance
Advance payment
10%
Recovered from certificates
Penalty cap
10%
Of the contract value
Defects liability
12 months
After substantial completion
Bar: paid share of the value; gold mark: today
Met: 3 of 4
| Measure | Target | Achieved | Breach penalty |
|---|---|---|---|
| HSE incident notification | within 24 h | 2 reported after 48 h | 50K |
| Non-conformance close-out | within 14 days | average 9 days | — |
| Monthly progress report | by the 5th of the month | on time | — |
| Actual vs planned manpower | at least 90% | 94% | — |
Integration-ready for EtimadIntegration-ready
Etimad reference: 2402340251
The integration layer is in place; data exchange starts once the permissions and interfaces are granted.
Bank guarantees and insurance policies with their expiry