RSK-0015Board of Grievances Headquarters, Riyadh
Steel and concrete price rises driving price-adjustment claims
A risk's detail, response, contingency and residual risk.
Risk statement
From cause to event to impact — with the preventive controls before the event and the contingency after it
Cause
Steel up 22% and ready-mix concrete up 15% since award
Preventive controls
- Apply the price-adjustment formula under the Government Tenders and Procurement Law
- Negotiate advance purchase of the remaining steel
2 / 2
Event
Steel and concrete price rises driving price-adjustment claims
Approved claims above SAR 30M
Contingency
A top-up request to the Ministry of Finance in the 2027 budget
Impact
Price-adjustment claims near SAR 48M, above the project contingency
Assessment
The level before and after the response
Inherent
Residual
Exposure
SAR 48M
Residual
40% off the score
Score trend
Last six months
- Score
- Target residual
Escalation path
Escalation engine: a high risk unreviewed for 10 days notifies the PM, 15 the programme manager, 20 the EPMO director
Last reviewed 4 days ago
Project manager
Eng. Ahmed Y. Asiri
Currently followed up hereProgramme manager
Current levelEng. Ahmed Y. Asiri
Automatically at 15 days unreviewed · in 11 days- 3
EPMO director
Dr. Noura M. Al-Otaibi
Automatically at 20 days unreviewed · in 16 days - 4
Executive committee
Dr. Abdullah S. Al-Qahtani
By the EPMO director’s decision
Mitigation plan
Each action with its owner and date — tick it off when complete
Apply the price-adjustment formula under the Government Tenders and Procurement Law
Khalid N. Al-MutairiKhalid N. Al-MutairiSenior Finance & Contracts SpecialistP-007k.almutairi@bog.gov.saIn progressIn 13 days2026-11-1030 Jumada I 1448 AHNegotiate advance purchase of the remaining steel
Eng. Ahmed Y. AsiriEng. Ahmed Y. AsiriDirector, Court ComplexesP-020a.asiri@bog.gov.saIn progressIn 18 days2026-11-155 Jumada II 1448 AH
Trigger
Approved claims above SAR 30M
Contingency
A top-up request to the Ministry of Finance in the 2027 budget