'file:///opt/scribd/conversion/tmp/scratch6236/82396088.xls'#$Rev.

MONTHLY COMMERCIAL REPORT

PROJECT : Emirates hills development CLIENT Job No. : MONTH END : December, 2003 Site Q.S.: Sarath Kumar

: Emmar Properties (PJSC) 302

Engineer : ART Consultant.

CONTRACT VALUE : Dhs

387,244,000

PROGRESS :
PLANNED % ACTUAL % DIFFERENCE %

IN MONTH : TO DATE :

4.0% 70%

1.5% 49.0%

-2.5% -21.0% liaise with the project planner to update the progress percentages

CONTRACT DURATION ( IN DAYS ) : 500 Days CONTRACT SIGNATURE DATE ( CSD ) : 09 - Dec. - 2002 SITE Possession Date ( SPD ) : 09 - Dec. - 2002 ADVANCE PAYMENT RECEIVING DATE ( APRD ) : 17 - Mar. - 2003 ACCORDING TO CONTRACT THE START DATE IS :

CSD

CSD

SPD

APRD

OTHERS

Actual Commencement Date : 29 - Dec. - 2002 CONTRACT COMPLETION DATE : 20 - Apr. - 2004 ANTICIPATED ACTUAL FINISH DATE : 20 - June - 2004 EXTENSION OF TIME REQUESTED : EXTENSION OF TIME AWARDED :

5 months N/A to be tied up with the updated forecast

ANTICIPATED FINAL VALUE : Dhs 381,530,000.00

REDUCTION THE LETTER OF GUARANTEE VALUE AGAINST ADVANCED PAYMENT ( LG. ) :

5.1647% approx. from contract

= Dhs 20,000,000

THE VALUE OF ( LG. ) NOW : Dhs 16,000,000.00

liaise with the project/H.O accountant to assure that the reduction of advance payment bond is correctlly done in accordance with the conditions of contract.

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PAYMENTS :CURRENT PAYMENT :SUBMITTED ?

IF NO
NOT SUBMITTED : due to the following reasons

Application for payment certificate No ( 11 ) .

YES

NO

IF YES
Valuation Date:DATE OF SUBMITTING :PAYMENT DUE DATE :

12/31/2003 1/5/2004 March 1, 2004

PAYMENT NO ( 11 ) INVOICE Dhs

WORKS :TOTAL WORK Done VARIATIONS MATERIAL ON SITE ADVANCED PAYMENT (AP) CLAIMS OTHERS

122,847,851.58 8,513,414.32 15,319,717.94 20,000,000.00 28,057,269.60 194,738,253.44

GROSS TOTAL TO DATE (1)

DEDUCTIONS :Retention ( 10 ) % of ( 122,847,851.58 ) AP Recovery ( 5.165 ) % of ( 122,847,851.58 ) Other Deductions Access road maintenance charges from Apr. up to Oct. 03 @ Dhs 1623 / Month
TOTAL DED.TO DATE (2) TOTAL GET PAID TO DATE (3) TOTAL NET TO DATE=1-2-3

12,284,785.16 6,344,725.89

11,361.00

18,629,511.05 89,913,754.09 86,194,988.30

Dhs

COMMENTS :-

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PAYMENT ( CONTINUED ) :
LOG OF INTERIM PAYMENTS UP TODATE:PAYMENT NO Date of submission Total Claimed due date
(according to contract)

CERT. (BY ENGINEER)

Certification Date

PAID (3) (BY CLIENT)

Cheque Date

Pay. Delay in days

DIFFERENCE (1) CERT-CLAIMED

DIFFERENCE (2) CERT - PAID

AP
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Final
GROSS TOTAL TO DATE

20,000,000.00 after (21) days after (60) days

20,000,000.00
5,076,348.02 3,391,458.62 5,229,187.57 6,615,504.78 8,825,271.25 12,025,940.95 10,568,822.57 11,145,176.31 7,036,044.02 -

20,000,000.00
5,076,348.02 3,391,458.62 5,229,187.57 6,615,504.78 8,825,271.25 12,025,940.95 10,568,822.57 11,145,176.31 7,036,044.02 -

12,278,891.11

(5,242,847.09)

32,278,891.11

89,913,754.09

89,913,754.09

(5,242,847.09)

REASONS OF UNDER PAYMENT IN FIGURES for Previous (last) payment: Item NO 1 2 3 4 5 TOTAL DIFFERENCE 50 K and more REASON

(5,242,847.09)

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Summary of Submitted VARIATIONS & CLAIMS: Claimed Amount VALUE Dhs NUMBER AGREED

8,513,414.00 7

696,553.00 0

(Paid on account for V.O. 3A & 3B)

CLAIMS :
Claimed Amount VALUE Dhs NUMBER AGREED

28,057,269.00

0.00

(disruption delay claim)

% CLAIMS & VAR. AGREED TO CONTRACT VALUE =

TOTAL ( VAR. & CL. ) AGREED CONTRACT VALUE = 696,553.00 * 100 =

100 =

0.18%

387,244,000

Quantity Surveyor Report : (use your own format) * Notes from Project Manager. * Notes from site Q.S. * List of Nominated suppliers & subcontractors and their contract values * List of Domestic suppliers & subcontractors and their contract values * List of all variation orders * List of all Claims

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liaise with the project planner to update the progress percentages

liaise with the project/H.O accountant to assure that the reduction of advance payment bond is correctlly done in accordance with the conditions of contract.

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DIFFERENCE (2) CERT - PAID

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PAYMENTS
Job No. PROJECT

Total To End Last Month

Net value invoice Gross value paid Difference Pay No.

MONTH : December 2003 This Month

Date Submitted Net value invoice Due date

Comments

302

Emirates Hills, 1370 Villas

#REF!

#REF!

#REF!

11/25/1999 86194988.30

1/4/2000

Payment (3) due date 5/12/99 & net 533,552.75 LE )

Payment (4) due date 4/1/2000 & net 111,032.94 LE )

Site Qty Surveyor / Sarath Kumar Signature / Date /