PROGRESS PAYMENT CERTIFICATE

PROJECT

: PROPOSED ADMINISTRATIVE COMPLEX AT HAMBANTOTA PORT

EMPLOYER

: CHINA HABOUR ENGINEERING COMPANY

CONTRACTOR

: MAGA ENGINEERING (PTE) LTD

CERTIFICATE NO.

: 02

DATE OF VALUATION

: 28TH FEBRUARY 2015

Financial Statement of this Certificate

(a) Estimated Value of wok done

Rs.

(b) Discounts
(c) Variations, extra works and day works

Rs.
Rs.

139,846,535.34
-

(d) Sub Total -1

Rs.

139,846,535.34

Rs.

153,116,327.34

(m) Total Deductions

Rs.

(107,436,929.02)

(n) Sub Total -3 (excl. Taxes)

Rs.

45,679,398.32

(m) Amount due for payment in this Certificate in Dollars

USD

(n) Amount due for payment in this Certificate in Rupees

Rs.

Additions
(e) Material at site (80%)

Rs.

(f) Attendance fee on NSC

Rs.

13,269,792.00

(g) Sub Total -2

Deductions

(h) Less Retention (10% of item "d")

Rs.

(13,984,653.53)

(j) Less Advance Recovery (10% of item "d")

Rs.

(13,984,653.53)

(k) Less Previously certified (excl. VAT)

Rs.

(79,467,621.95)

(l) Less Value of material supplied by Employer

Rs.

134,886.75
27,407,638.99

Note:
* Interim Payment - 40% is to be paid by US Dollars and 60% is to be paid by LKR
* VAT and other Taxes will be adjusted by Employer
Contractual Information
Advance Payment Guarantee
Performance Security (DC00023150772)
Contractor's All Risk Policy

Submitted

Valid till 31st Oct. 2017

Workmen's Compensation Policy

Submitted

Valid till 15th April 2015

Overall, Financial Status of the Project on Payment of this Certificate

Original Contract Sum (Without VAT)

Rs.

Add. Variations, extra works

Rs.

less Omissions
Adjusted Contract sum incl. of extras

Rs.

7,074,897,413.78

Rs.

Total value of work done

Value of work to be completed
Advance to Contractor
Balance advance held by Cont:

Rs.
Rs.

481,258,165.43

Total Payment to date

Retention held by Employer

Rs.
Rs.

125,147,020.27
13,984,653.53

Project Quantity Surveyor

QSERVE (PVT)LTD.,

7,074,897,413.78

Rs.

139,846,535.34

Rs.

6,935,050,878.44

495,242,818.96

Senior Quantity Surveyor

QSERVE (PVT)LTD.,

QSERVE (PVT)LTD.,
(CONSULTANT QUANTITY SURVEYORS )

31B, Albert Place, Dehiwala.

Tel : 094 11-213064 / Fax : 2733219

QSERVE PVT LTD

AVIC MIXED DEVELOPMENT PROJECT

AT NO.418, 420 & 422 R.A.DE MEL MAWATHA, COLOMBO 03
MATERIALS AT SITE
NO

DESCRIPTION

UNIT

QTY

RATE

Reinforcement

113.00

95,880.00

Cement

bags

190.00

848.00

AMOUNT

10,834,440.00
161,120.00

Total of Materials at site

10,995,560.00

80% of Materials at site

8,796,448.00

Project Name : Construction of proposed administrative complex building - HAMBANTOTA

Identification Number :
PRICE ESCALATION CALCULATION - IPC-01

Input name
Cement
Sand
RF steel
Structural steel
FW
Timber products
Electrical wiring
Paint
Floor tiles
Granite tiles
Aluminium doors and
windows
Electrical fittings
RM concrete
Mechanical & Electrical
Skilled labour
Unskilled labour
Small equipment
Heavy eqipment
Total
V
Vna

ICTAD
reference
for indices

Percentage
(Px)

M2
M8
M13
M14
M21
M23
M26
M27
M32
M34

2
2
12
2
2
2
2
1
3
2

M36
M38
M39
M&E
L1
L3

9
3
15
13
12

P1
P2

5
3
1
91

=
=

49,925,787.99
0.00

Current
Base indices
indices JanAug-09 (Ixb)
10 (Ixc)
405.80
1,709.10
460.10
420.90
699.30
316.80
402.20
527.20
178.00
374.00
464.10
169.10
322.90
339.30
374.80
336.70
313.70

38,402.20

(Ixc-Ixb)

405.80
1,717.10
460.10
420.90
702.50
316.80
402.20
527.20
178.00
374.00

0.00
8.00
0.00
0.00
3.20
0.00
0.00
0.00
0.00
0.00

464.10
170.10
322.90
340.30
375.40
336.70
313.70

0.00
1.00
0.00
1.00
0.60
0.00
0.00

ng - HAMBANTOTA

(Ixc-Ixb)/
Ixb

Px*(IxcIxb)/ Ixb

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

0.00
0.01
0.00
0.00
0.01
0.00
0.00
0.00
0.00
0.00

0.00
0.01
0.00
0.00
0.00
0.00
0.00

0.00
0.02
0.00
0.04
0.01
0.00
0.00
0.08

###