The monthly cost report summarizes project costs for a construction project from May 1-31, 2015. The project budget is SAR 500 million and is on track, with no approved variations, extensions of time, or anticipated variations to the final account. Main contract costs are within budget. There are currently no approved claims or overdue payments. Some minor variances exist between actual and forecasted cash flows. Potential risks include providing project utilities and finalizing schedules and drawings. No penalties have been incurred as the contractor is not liable for any delays.

1. MONTHLY COST REPORT
REPORTING PERIOD 01-MAY-15 TO 31-MAY-15
By
Riyas Sainulabdeen
Sr. Cost Director

2. 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

3. 1.1 MAIN COST SUMMARY
• MAIN CONTRCT COST SUMMARY AND PROJECT BUDGET STATUS ARE GIVEN IN
BELOW SLIDES.

4. 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

5. 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
Budget
Overrun
(SAR
x1000)
Rev
Latest
Revised
Budget (SAR
x1000)
Awarded
Packages
(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

6. 2. CHANGE MANAGEMENT
• CURRENTLY THERE IS NO APPROVED VARIATION TO MAIN CONTRACT PACKAGE

7. 2.2 PROVISIONAL SUMS
• THE CONTRACT PRICE INCLUDE PROVISIONAL SUM OF 4 MILLION SAUDI RIYAL
FOR THE FOLLOWING ITEMS.
PROVISIONAL SUM CONTRACT ALLOWANCE AWARDED VALUE
BALANCE TO
PLACE
STATUS
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

8. 3. CLAIMS
• THERE IS NO AGREED CLAIM UNDER THE MAIN CONTRACT

9. 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 SIGNATURE
EMPLOYER
SIGNATURE
COMMENTS
1 Main Works 27/Oct/13
Re-Measured
Contract
4/Dec/13 4/Dec/13
Contract documents signed &
executed by the parties
2
Design & construction of Car
Parking
TBA

10. 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

11. NO. DESCRIPTION CONTRACT PROVIDED VALUE EXPIRY
1
Advance Payment Guarantee No. ------
dated 18. 12. 2013 from -------Bank
Till complete recovery of
Advance Payment
50,000,000.00 15-Feb-16
2
Advance Payment Guarantee No. ------
dated 04. 05. 2014 from ------Bank
Till recovery of Advance
Payment
50,000,000.00 15-Feb-16
3
Bank Guarantee No. ------- dated
05.11.2013 from -------Bank.
Till the end of DLP 25,000,000.00 15-Feb-16
4
Contractors 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

12. 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

13. 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%

14. 7. CASHFLOW
• CURRENTLY THERE IS SLIGHT VARIATION IN ACTUAL AND FORECASTED
CASHFLOWS
• HISTGRAM FOR FORECASTED, ACTUAL AND CUMULATIVE CASHFLOWS SHOWN
BELOW

15. 86,500.00
21,789.00
15,389.00
14,563.00
15,839.00
11,206.00
19,007.00
21,934.00
33,063.00
43,736.00
28,808.00
27,689.00
28,269.00
42,636.00
15,414.00
11,993.00
12,165.00
50,000.00
86,500.00
0.00
100,000.00
200,000.00
300,000.00
400,000.00
500,000.00
600,000.00
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
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.)
Plan Actual Cum.Plan Cum.Actual (ALL VALUES IN SARx1000)

16. 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

17. 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

18. PROJECT NAME:
CONSTRUCTION
PROJECT NO:
PIC F 8101
DATE
ISSUES AND RISK TRACKING LOG
Date
Raised Vendor
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
/Low
High/Mediu
m/Low
SR SR
Providing utilities Low High TBC TBC Client
Finalization of revised
schedule
Low Low TBC TBC
Cont/Cons
ultant
Finalization IFC
Drawings
Low Medium TBC TBC Consultant

19. 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.

20. 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