RSK-0015Darayya Replacement Housing
Steel and concrete price rises driving price-adjustment claims
A risk's detail, response, contingency and residual risk.
Risk statement
From cause to event to impact — with the preventive controls before the event and the contingency after it
Cause
Steel up 22% and ready-mix concrete up 15% since award
Preventive controls
- Apply the price-adjustment formula in the tender book
- Negotiate advance purchase of the remaining steel
2 / 2
Event
Steel and concrete price rises driving price-adjustment claims
Approved claims above SYP 750M
Contingency
Fund the gap from the 2027 investment-plan reserve by decision of the national steering committee
Impact
Price-adjustment claims near SYP 1.2bn, above the project contingency
Assessment
The level before and after the response
Inherent
Residual
Exposure
SYP 1.2B
Residual
40% off the score
Score trend
Last six months
- Score
- Target residual
Escalation path
Escalation engine: a high risk unreviewed for 10 days notifies the PM, 15 the programme manager, 20 the PMO director
Last reviewed 4 days ago
Project manager
Eng. Qasem Al-Hariri
Currently followed up hereProgramme manager
Current levelEng. Qasem Al-Hariri
Automatically at 15 days unreviewed · in 11 days- 3
PMO director
Dr. Reem Al-Qabbani
Automatically at 20 days unreviewed · in 16 days - 4
Executive Council
Dr. Samer Al-Daqqar
By the PMO director’s decision
Mitigation plan
Each action with its owner and date — tick it off when complete
Apply the price-adjustment formula in the tender book
Omar Al-NahhasOmar Al-NahhasSenior Finance & Contracts SpecialistP-007omar.alnahhas@psa.gov.syIn progressIn 13 days2026-11-10Negotiate advance purchase of the remaining steel
Eng. Qasem Al-HaririEng. Qasem Al-HaririDirector, Transport & Housing ProjectsP-020qasem.alhariri@psa.gov.syIn progressIn 18 days2026-11-15
Trigger
Approved claims above SYP 750M
Contingency
Fund the gap from the 2027 investment-plan reserve by decision of the national steering committee