Nizam

COMMERCIAL SUMMARY - KITC Project: Fabrication, Supply and Installation of KITC, Kuwait Project No.J7805 Commercial Description Approved Values (KWD) Client: M/S. Ahmadiah Contracting.Co Commercial Description % Received Values (KWD) % Contract Value KWD 127,300.00 Advance Payment KWD 12,730.00 10.00% Submitted Variation Order (VO) Value KWD 18,212.00 Retention Amount Received KWD 2,013.78 54.80% Approved Variation Order (VO) Value KWD 13,971.50 Total Payment Certification Received KWD 123,469.44 87.40% Updated Project Value with Approved Variation KWD 141,271.50 Total Payment Invoiced KWD 123,469.44 87.40% Remaining Project Value with Approved Variation KWD 17,802.06 13.98% Retention Value as Approved KWD 14,127.15 10.00% Remaining Value to be certified after Retention (Project Progress) KWD 3,674.91 2.60% Payment Certificates (PC) Received PC - 01 (JUNE -2019) PC - 02 (DEC -2019) PC - 03 (FEB -2020) PC - 3A (MARCH -2020) PC - 04 (APRIL -2020) PC - 05 (MAY -2020) PC - 06 (JUNE -2020) PC - 07 (SEP -2020) PC - 08 (OCT -2020) PC - 09 (DEC -2020) PC - 10 (JAN -2021) PC - 11 (AUG -2019) PC - 12 (NOV -2021) Total Vaue (AED) KWD 12,730.000 KWD 2,882.450 KWD 6,336.608 KWD 9,048.270 KWD 15,080.450 KWD 28,806.848 KWD 10,528.986 KWD 9,878.486 KWD 18,078.320 KWD 5,691.162 KWD 2,013.775 KWD 734.043 KWD 1,660.046 KWD 123,469.444 Deduction Value KWD 0.000 KWD 0.000 KWD 0.000 KWD 0.000 KWD 0.000 KWD 0.000 KWD 0.000 KWD 0.000 KWD 0.000 KWD 0.000 KWD 0.000 KWD 0.000 KWD 0.000 KWD 0.000 Invoiced Value KWD 12,730.000 KWD 2,882.450 KWD 6,336.608 KWD 9,048.270 KWD 15,080.450 KWD 28,806.848 KWD 10,528.986 KWD 9,878.486 KWD 18,078.320 KWD 5,691.162 KWD 2,013.775 KWD 734.043 KWD 1,660.046 KWD 123,469.444 Payment Received KWD 12,730.000 KWD 2,882.450 KWD 6,336.608 KWD 9,048.270 KWD 15,080.450 KWD 28,806.848 KWD 10,528.986 KWD 9,878.486 KWD 18,078.320 KWD 5,691.162 KWD 2,013.775 KWD 0.000 KWD 0.000 KWD 121,075.355 Outstanding Payment KWD 0.000 KWD 0.000 KWD 0.000 KWD 0.000 KWD 0.000 KWD 0.000 KWD 0.000 KWD 0.000 KWD 0.000 KWD 0.000 KWD 0.000 KWD 734.043 KWD 1,660.046 KWD 2,394.089 Remarks ADVANCE PAY RETENTION 5% VO PAYMENTS APPROVED Item OP Ref Subject ACTC Approved Date Submitted Value STATUS Action Date Approved Value (KWD) Action Ref Remarks REVISED VALUE TO BE ADJUSTED AS PER ACTC Contract Value OP-03256-R7 PROJECT KITC 24-01-19 KWD 127,300.00 APPROVED BY ACTC/TMM 24-01-19 ACTC/BRI/KITC/001 KWD 127,268.00 VO OP-10060-R1 DAMAGED SIGNS REPLACEMENT JOB 03-10-20 KWD 900.00 APPROVED BY ACTC/OHA 12-06-19 ACTC/BRI/KITC/RM/EW-034/A1 KWD 900.00 PAYMENT ON JAN 2022 PC VO OP-10779 VIP BOX A22 REPLACEMENT - NEW MESSAGE 04-11-20 KWD 144.00 APPROVED BY ACTC/OHA 17-11-20 KITC/OHA/ACTC/1933/2020 KWD 144.00 80% CLAIMED VO OP-11063-R1 ADDITIONAL QTY FOR A11 & A15.1 12-12-20 KWD 200.00 APPROVED BY ACTC/OHA 24-05-21 KITC/OHA/ACTC/2566/2021 KWD 122.50 97.96% CLAIMED VO OP-7958-R1 BASE COVER FOR SIGN A11 & D4 AT ENH 26-05-21 KWD 180.00 APPROVED BY ACTC/OHA 16-06-21 KITC/OHA/ACTC/2643/2021 KWD 180.00 80% CLAIMED VO OP-6956 NEW MESSAGE UPDATED D3 & D6 12-05-21 KWD 364.00 APPROVED BY ACTC/OHA 16-06-21 KITC/OHA/ACTC/2647/2021 KWD 216.00 80% CLAIMED DI OP-9226-R1 RELOCATION OF SIGN A25.1 AT ARENA 28-07-20 KWD 140.00 APPROVED BY ACTC/BRI SUBMIT INVOICE TO ACTC KWD 140.00 INVOICE REQUESTED VO OP-8393-R1 ADDITIONAL SIZE COVERED FOR COLUMN PAINT 23-05-21 KWD 2,750.00 APPROVED BY ACTC/OHA 02-11-21 ACTC/OHA/KITC/L-21-2848 KWD 1,375.00 VO OP-19370 RELOCATION OF SIGN D7 AT ARENA 07-12-21 KWD 180.00 APPROVED BY ACTC/OHA 13-12-21 KITC/OHA/ACT/3279/2021 KWD 180.00 VO OP-17994 REPLACEMNET OF SIGNAGE A12.1 AT ARENA 05-10-21 KWD 95.00 APPROVED BY ACTC/BRI 02-11-21 PC-12 ADDITION CHARGE KWD 95.00 VO KITC/BRI/NOV/005 VARIATION PROPOSAL FOR ADDITIONAL SIGNS 11-10-20 KWD 10,619.00 UNDER REVIEW NEED TO BE ACTIONED KWD 10,619.00 VO OP-12888-R2 ADDITIONAL QTY FOR PARKING GUIDENCE SIGN 09-09-21 KWD 2,640.00 SUBMITTED FOR APPROVAL NEED TO BE ACTIONED KWD TOTAL KWD 18,212.00 TOTAL KWD - 13,971.50 PAYMENT ON DEC 2021 PC PA TO BE SUBMITTED 100% CLAIMED ON PC 12 77.42% CLAIMED AS PER ACTC TO BE APPROVED OFFICIALLY