Terms, guarantees, milestones, variation orders and payment certificates.
From original to current value
Variations pending: 1 worth SAR 92.5K — if approved the value becomes SAR 2.6M
Total
Increase
Decrease
Original valueVO 1Current value
Where the money is now
66% of the current value paid
66%
Paid
1.7M
of a current value of SAR 2.6M
Retention held(10% of each certificate)
168.3K
Advance not yet recovered(of an advance of SAR 243K)
74.7K
Value remaining
867K
AI insight
The contract is heading past its end date
Go-live runs 42 days behind plan. The extension claim was assessed at 28 days and the pending variation (SAR 92.5K) adds 21 days; approving both moves the contract end beyond 31 March 2027.
Design, build and run My Business Portal 2.0: 68 member e-services (membership, renewal and transfer, e-attestation, certificate of origin, document verification, appointment booking, the membership-fee calculator), Nafath sign-in, commercial-register data through the Government Service Bus, and fees through SADAD.
Payment terms
Payments against accepted milestones per the payment schedule, within 30 days of the acceptance record.