MunjazStrategy & projects
MunjazPMO PLATFORMRiyadh ChamberRC/2024/011
Terms, guarantees, milestones, variation orders and payment certificates.
From original to current value
Variations pending: 1 worth SAR 210K — if approved the value becomes SAR 53.1M
41% of the current value paid
Paid
21.9Mof a current value of SAR 52.9M
Construction of the chamber’s new headquarters in north Riyadh on 210,000 m²: 6 linked buildings housing offices, the member service hall and the conference & General Assembly hall, with multi-storey parking and site works.
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: 3 of 4
| Measure | Target | Achieved | Breach penalty |
|---|---|---|---|
| HSE incident notification | within 24 h | 2 reported after 48 h | 2,500 |
| 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 the Dynamics 365 supplier portalIntegration-ready
Supplier-portal reference: 2401780147
The integration layer is in place; data exchange starts once the permissions and interfaces are granted.
Bank guarantees and insurance policies with their expiry