Terms, guarantees, milestones, variation orders and payment certificates.
From original to current value
The original value and each approved variation
Total
Increase
Decrease
Original valueNo variationsCurrent value
Where the money is now
68% of the current value paid
68%
Paid
SYP330M
of a current value of SYP 487.5M
Retention held(5% of each certificate)
SYP16.5M
Advance not yet recovered(of an advance of SYP 0)
SYP0
Value remaining
SYP157.5M
Scope of the contract
Project management and supervision of the Hama National Hospital extension, including change and claims management, moving patients out of the nine temporary wards, and acceptance.
Payment terms
Monthly certificates for the approved staff timesheets at the contract unit rates.
Payment period
30 days
Retention
5%
Released at final acceptance
Advance payment
0%
Recovered from certificates
Penalty cap
6%
Of the contract value
Defects liability
Not applicable
After substantial completion
Payment milestones and key dates
Bar: paid share of the value; gold mark: today
Today
Supervision team mobilised · 2024-04-21Mid-term review · 2025-10-31Supervision to provisional acceptance · 2026-12-30Close-out report · 2027-06-30