Riyadh Chamber of Commerce & Industry
Project charter
Energy Retrofit of the Chamber’s Existing Buildings (ESCO)
APPROVEDV2Approved 2026-01-30
1Project identity
Required at this stage- Project name
- Energy Retrofit of the Chamber’s Existing Buildings (ESCO)
- Project code
- PRJ-2026-026
- Project sponsor
- Sarah A. Al-QarniSarah A. Al-QarniAssistant Secretary-General, Support ServicesP-012s.alqarni@chamber.sa
- Project manager
- Eng. Mishari K. Al-OtaibiEng. Mishari K. Al-OtaibiDirector, Sustainability & Social ResponsibilityP-028m.alotaibi@chamber.sa
- Project owner
- Eng. Bandar M. Al-ShammariEng. Bandar M. Al-ShammariDirector General, Facilities & General ServicesP-013b.alshammari@chamber.sa
- Portfolio & programme
- Building Rehabilitation & Sustainability PortfolioBuilding Rehabilitation & Efficiency Programme
- Type & methodology
- Infrastructure · Waterfall
- Current phase
- 3Planning
2Background & rationale
Required at this stageHVAC and lighting retrofit on energy-performance contracts; on hold pending funding.
3Objectives
Required at this stage- 1Financial sustainability
Serves the strategic objectives:SO-4.1Financial sustainability
4Scope
Required at this stageIn scope
- HVAC and lighting retrofit on energy-performance contracts; on hold pending funding.
- Saudi Building Code compliance
- An approved plan to keep member services and training running during the works
Out of scope
- Operation and maintenance after the warranty period
- Work outside the approved site or system boundary
5High-level requirements
Required at this stage- 1Saudi Building Code compliance
- 2An approved plan to keep member services and training running during the works
- 3Civil-defence requirements
6Deliverables
Required at this stage| 1 | Project management plan | 2026-02-22 |
| 2 | Main deliverable — stage 1 | 2026-10-21 |
| 3 | Main deliverable — final stage | 2027-04-19 |
| 4 | Final report | 2027-06-30 |
7Key milestones
Required at this stage- Charter approved2026-01-30
- Contract signed2026-04-24
- 50% of works complete2026-10-21
- Provisional acceptance2027-05-20
- Closure2027-06-30
8Budget
Required at this stage- Main contract72.1%1.2M
- Supervision & consulting13.6%225K
- Internal team9.1%150K
- Contingency reserve (5%)5.2%85K
The owning sector’s approved budgetTotal1.7M
9Timeline
Required at this stage10Key risks
Required at this stage- HighFunding left out of the 2027 budget, keeping the tender suspended
11Constraints
Required at this stage- Stay within the approved budget
- Comply with the Government Tenders & Procurement Law
12Assumptions
Required at this stage- Named internal staff available throughout
- Approvals land within the workflow’s action time limits
13Stakeholders
Required at this stage- Project sponsorDecisions and funding
- Project ownerAccepts deliverables, owns benefits
- Project Management Office (PMO)Governance and compliance
14Success criteria
Required at this stage- 1Delivered within the approved budget
- 2On the approved date ±5%
- 3Target benefits within 12 months
15Governance structure
Required at this stage- Change CommitteeApproves scope, cost and schedule changesWeekly
- PMO CommitteeMethodology compliance, data quality, stage gatesFortnightly
- Project management teamDay-to-day control, risks, impediments, the periodic update cardWeekly