MunjazStrategy & projects
MunjazPMO PLATFORMRiyadh ChamberRC/2024/014
Terms, guarantees, milestones, variation orders and payment certificates.
From original to current value
The original value and each approved variation
45% of the current value paid
Paid
605Kof a current value of SAR 1.3M
Engineering supervision of the new headquarters and the conference & General Assembly hall, including shop-drawing approval and commissioning tests.
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: 2401990186
The integration layer is in place; data exchange starts once the permissions and interfaces are granted.
Bank guarantees and insurance policies with their expiry