MunjazStrategy & projects
MunjazPMO PLATFORMRiyadh ChamberRC/2024/005
Terms, guarantees, milestones, variation orders and payment certificates.
From original to current value
The original value and each approved variation
73% of the current value paid
Paid
535Kof a current value of SAR 730K
Full engineering supervision of the current-HQ rehabilitation and committee-room wing: design review, material approvals, measurement, and quality and safety control while member service continues in the building.
Monthly certificates for the approved staff timesheets at the contract unit rates.
Payment period
30 days
Retention
5%
Released at final acceptance
Advance payment
0%
Recovered from certificates
Penalty cap
6%
Of the contract value
Defects liability
Not applicable
After substantial completion
Bar: paid share of the value; gold mark: today
Met: 3 of 3
| Measure | Target | Achieved | Breach penalty |
|---|---|---|---|
| Deliverable turnaround | within 10 working days | average 7 days | — |
| Key staff availability | 100% of approved key staff | 100% | — |
| Monthly report | by the 7th of the month | on time | — |
Integration-ready for the Dynamics 365 supplier portalIntegration-ready
Supplier-portal reference: 2401360069
The integration layer is in place; data exchange starts once the permissions and interfaces are granted.
Bank guarantees and insurance policies with their expiry