Muqawil build & run contract

The parties

This contract is made between the Saudi Contractors Authority (first party) and the contractor named in the data sheet (second party), under the Government Tenders and Procurement Law and its regulations.

Project

Muqawil Platform — Release ⁦4⁩ (⁦PRJ-2026-014⁩)

Project manager

Eng. Sultan F. Al-Ghamdi

Budget

SAR ⁦86.4M⁩

Progress

⁦58%⁩ actual against ⁦67%⁩ planned

Forecast finish

⁦2027-05-12⁩

Key terms

• Delay penalty ⁦0.5%⁩ a week, capped at ⁦10%⁩ of the contract value
• A ⁦5%⁩ performance bond valid until final handover
• ⁦10%⁩ retention on every certificate

Addendum ⁦1⁩

This addendum amends the payment schedule and adds complementary works within ⁦10%⁩ of the contract value.