This document summarizes the final contract value for an apartment project constructed by PPBuilders Sdn Bhd for TayLand Development Sdn Bhd. The original contract sum was RM47,700,000 but was adjusted through variation works, net additions to NSC final accounts of subcontractors, and contractual claims. The final contract value was RM46,318,000, which factors in additions of RM604,000 for variation works, RM5,650,000 for NSC final accounts, and RM10,000 for loss and expenses.

1. Project: Apartment project
Employer: TayLand Development Sdn Bhd
Contractor: PPBuilders Sdn Bhd
1.0 Original Contract Sum RM47,700,000.00
2.0 Less: P.C & Provisional Sums RM7,870,000.00
Total Builder's works RM39,830,000.00
3.0 Add: Variation works (V.O. Nos 1-4)
Total Additions 1,800,000.00RM
Total Omissions 1,196,000.00RM
Nett Additions 604,000.00RM RM604,000.00
RM40,434,000.00
4.0 Add: NSCs' final account
4.1 Lift Services 1,500,000.00RM
4.2 Air Conditioning Services 1,000,000.00RM
4.3 Electrical Services 2,100,000.00RM
4.4 Entrance Porch 1,050,000.00RM
5,650,000.00RM RM5,650,000.00
4.5 Profit and Attendance
a. Profit @ 2% of RM5,650,000.00 113,000.00RM
b. Attendance @ lump sum 111,000.00RM
224,000.00RM RM224,000.00
5.0 Contractual claims:
5.1 Loss and Expense 10,000.00RM
10,000.00RM RM10,000.00
FINAL CONTRACT VALUE RM46,318,000.00
STATEMENT OF FINAL ACCOUNT

2. SUMMARY OF ORIGINAL CONTRACT SUM
Item Description Omission Addition Nett Addition/
(RM) (RM) Omission (RM)
1 Preliminaries 2,250,000.00 2,250,000.00
2 Building Works 31,450,000.00 31,450,000.00
3 Local Infrastructure Works 6,130,000.00 6,130,000.00
4 P.C. and Provisional Sums 7,870,000.00 7,870,000.00
47,700,000.00 - 47,700,000.00
TOTAL CARRIED TO
STATEMENT OF FINAL ACCOUNT

3. SUMMARY OF VARIATION WORKS
Variation Description Omission Addition Nett Addition/
Item (RM) (RM) Omission (RM)
VO/1 Changes of toilet layout to suit 200,000.00 300,000.00 100,000.00
Employer's requirements
VO/2 New lift lobby at entrance - 400,000.00 400,000.00
VO/3 Changes from premix roads to precast 900,000.00 1,100,000.00 200,000.00
concrete paver blocks
VO/4 Omission of glass partitions 96,000.00 - (96,000.00)
1,196,000.00 1,800,000.00 604,000.00
TOTAL CARRIED TO
STATEMENT OF FINAL ACCOUNT

4. SUMMARY OF NSC FINAL ACCOUNTS
Varation Item Description Omission Addition Nett Addition/
(RM) (RM) Omission (RM)
NSC/1 Lift Services 1,700,000.00 1,500,000.00 (204,000.00)
Profit @ 2% 34,000.00 30,000.00
Attendance as item 34,000.00 34,000.00
NSC/2 Air Conditioning Services 1,200,000.00 1,000,000.00 (204,000.00)
Profit @ 2% 24,000.00 20,000.00
Attendance as item 24,000.00 24,000.00
NSC/3 Electrical Services 1,600,000.00 2,100,000.00 510,000.00
Profit @ 2% 32,000.00 42,000.00
Attendance as item 32,000.00 32,000.00
NSC/4 Entrance Porch 1,050,000.00 1,092,000.00
Profit @ 2% 21,000.00
Attendance @ 2% 21,000.00
TOTAL CARRIED TO
STATEMENT OF FINAL ACCOUNT 4,680,000.00 5,874,000.00 1,194,000.00
4,500,000.00 5,650,000.00
90,000.00 113,000.00
90,000.00 111,000.00
Total NSC Final Account
Total Profit
Total Attendance

5. SUMMARY OF LOSS & EXPENSES
Varation Item Description Omission Addition Nett Addition/
(RM) (RM) Omission (RM)
1 Additional expenses for 10,000.00 10,000.00
insurance premium
TOTAL CARRIED TO
STATEMENT OF FINAL ACCOUNT - 10,000.00 10,000.00