WRDA/2024/022
Terms, guarantees, milestones, variation orders and payment certificates.
From original to current value
The original value and each approved variation
95% of the current value paid
Paid
53.2Mof a current value of SAR 56M
Build 7 small dams and 26 km of groundwater recharge channels across the Waha valleys.
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: 4 of 4
| Measure | Target | Achieved | Breach penalty |
|---|---|---|---|
| HSE incident notification | within 24 h | 100% on time | — |
| 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: 2402550290
The integration layer is in place; data exchange starts once the permissions and interfaces are granted.
Bank guarantees and insurance policies with their expiry