PSA/2024/019

Sheikh Najjar industrial city — civil & ground-improvement works

In progressLump sumAl-Sahel Contracting & Development Co.Sheikh Najjar Industrial City Rehabilitation

Terms, guarantees, milestones, variation orders and payment certificates.

From original to current value

Variations pending: ⁦1⁩ worth SYP 562.5M — if approved the value becomes SYP 6.5B

Total
Increase
Decrease

Where the money is now

⁦41%⁩ of the current value paid

⁦41%⁩

Paid

SYP2.5B

of a current value of SYP 5.9B

Retention held(⁦10%⁩ of each certificate): SYP246M
Advance not yet recovered(of an advance of SYP 570M): SYP324M
Value remaining: SYP3.5B

Value of each certificate

The last ⁦14⁩ — gross and net

Gross
Net

Approved certificates to date

Approved: ⁦16⁩

Gross work certified: SYP 2.5B
Less retention: −SYP 246M
Less advance recovery: −SYP 246M
Less penalties: SYP 0
Net paid: SYP2B

Certificates

Count: ⁦17⁩ · in the approval chain: ⁦1⁩

Certificate	Submitted	Gross	Retention	Deductions	Net	Status
Certificate ⁦17⁩September 2026	⁦2026-10-14⁩	SYP147.5M	SYP14.8M	SYP14.8M	SYP118M	Submitted
Certificate ⁦16⁩August 2026	⁦2026-09-14⁩	SYP157.5M	SYP15.8M	SYP15.8M	SYP126M	Approved
Certificate ⁦15⁩July 2026	⁦2026-08-13⁩	SYP72M	SYP7.2M	SYP7.2M	SYP57.6M	Approved
Certificate ⁦14⁩June 2026	⁦2026-06-29⁩	SYP95.3M	SYP9.5M	SYP9.5M	SYP76.2M	Approved
Certificate ⁦13⁩April 2026	⁦2026-05-14⁩	SYP139.3M	SYP13.9M	SYP13.9M	SYP111.4M	Approved
Certificate ⁦12⁩March 2026	⁦2026-03-30⁩	SYP161M	SYP16.1M	SYP16.1M	SYP128.8M	Approved
Certificate ⁦11⁩January 2026	⁦2026-02-12⁩	SYP164.3M	SYP16.4M	SYP16.4M	SYP131.4M	Approved
Certificate ⁦10⁩December 2025	⁦2025-12-29⁩	SYP216.8M	SYP21.7M	SYP21.7M	SYP173.4M	Approved
Certificate ⁦9⁩October 2025	⁦2025-11-13⁩	SYP196.5M	SYP19.7M	SYP19.7M	SYP157.2M	Approved
Certificate ⁦8⁩September 2025	⁦2025-09-29⁩	SYP201M	SYP20.1M	SYP20.1M	SYP160.8M	Approved
Certificate ⁦7⁩July 2025	⁦2025-08-15⁩	SYP228M	SYP22.8M	SYP22.8M	SYP182.4M	Approved
Certificate ⁦6⁩June 2025	⁦2025-06-30⁩	SYP177.8M	SYP17.8M	SYP17.8M	SYP142.2M	Approved
Certificate ⁦5⁩April 2025	⁦2025-05-16⁩	SYP184.3M	SYP18.4M	SYP18.4M	SYP147.4M	Approved
Certificate ⁦4⁩March 2025	⁦2025-03-31⁩	SYP167.5M	SYP16.8M	SYP16.8M	SYP134M	Approved
Certificate ⁦3⁩January 2025	⁦2025-02-14⁩	SYP120.5M	SYP12.1M	SYP12.1M	SYP96.4M	Approved
Certificate ⁦2⁩December 2024	⁦2024-12-30⁩	SYP107.8M	SYP10.8M	SYP10.8M	SYP86.2M	Approved
Certificate ⁦1⁩October 2024	⁦2024-11-15⁩	SYP70.8M	SYP7.1M	SYP7.1M	SYP56.6M	Approved