MunjazStrategy & projects
MunjazPMO PLATFORMSaudi Contractors AuthoritySCA/2024/017
Terms, guarantees, milestones, variation orders and payment certificates.
From original to current value
Variations pending: 1 worth SAR 8.4M — if approved the value becomes SAR 306.4M
43% of the current value paid
Paid
128.1Mof a current value of SAR 298M
Build the Qassim vocational qualification centre in Buraydah (30 training and test halls and workshops), including site groundwater treatment, foundations and finishes.
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 | 50K |
| 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 EtimadIntegration-ready
Etimad reference: 2402200225
The integration layer is in place; data exchange starts once the permissions and interfaces are granted.
Bank guarantees and insurance policies with their expiry