Cost Forecast FW

7/28/2019 Cost Forecast FW

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Eastern Petrochemical Company

SHARQ 3rd Expansion Project

COST FORECAST - end July 2009

Contract 101 - Main Civils SAR MeasureFVO's /

AmendmentsTOTAL Measure FI's raised Future FI's Claims Total Forecast Further RISK

GRAND

TOTAL

Preliminaries - Original Contract 24,013,261 24,013,261 24,013,261 - 24,013,261 24,013,261

Preliminaries - EOT - Feb 08 to Nov 08 10,900,000 10,900,000 10,900,000 - 10,900,000 10,900,000Preliminaries - EOT - Dec 08 to Mar 09

Preliminaries - EOT - Mar 09 to Aug 09 4,080,510 4,080,510 4,080,510 - 4,080,510 4,080,510

Preliminaries - EOT - Aug 09 285,000 285,000 285,000 - 285,000 285,000

- EOT - Sep 09 850,000 850,000 850,000 850,000 850,000

- EOT - Oct 09 500,000 500,000 500,000 500,000 250,000 750,000

Measured Works - AFC measure account 198,000,000 198,000,000 198,000,000 - 198,000,000 198,000,000

Incentives to complete Aug 18, 09 7,000,000 7,000,000 7,000,000 - 7,000,000 7,000,000

FI's agreed and closed (FVO's) 101,112,273 101,112,273 101,112,273 - 101,112,273 101,112,273

FI's raised and open (FW estimates) 17,605,442 17,605,442 17,605,442 - 17,605,442 17,605,442

FI's contingency on raised FI's with 200% trend

increase per received SBG costs 35,210,884 - 35,210,884 35,210,884 35,210,884 35,210,884

Future FI Allowance 5,000,000 - 5,000,000 5,000,000 5,000,000 5,000,000

FORECAST SAR 404,557,370 222,013,261 142,333,225 364,346,486 - 35,210,884 5,000,000 - 40,210,884 404,557,370 250,000 404,807,370

107,948,632

COMMITMENT ALLOWANCE FOR DEVELOPMENT

151883849.xls.ms_office 101 SBG Printed: 6/14/2013


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Contract 104 - Substation/Utility Bldgs SAR MeasureFVO's /


GRAND

TOTAL

Original Contract - Substation & RIBPreliminaries 4,094,362 4,094,362 4,094,362 - 4,094,362 4,094,362

Substation 30 15,428,112 15,428,112 15,428,112 - 15,428,112 15,428,112Substation 31 19,508,295 19,508,295 19,508,295 - 19,508,295 19,508,295

RIB 9,897,115 9,897,115 9,897,115 - 9,897,115 9,897,115

Amendment 1 - Lump Sum (Carcass)

Metering Buildings & Firewarer CP Building 5,850,000 5,850,000 5,850,000 - 5,850,000 5,850,000

FVO's

FVO 9 - HVAC work Aramco Metering Skid 912,000 912,000 912,000 - 912,000 912,000

FVO 27 - HVAC changes to Utility Bldgs 1,663,500 1,663,500 1,663,500 - 1,663,500 1,663,500

FVO 39 - Additional prelims (6 months) 1,950,000 1,950,000 1,950,000 - 1,950,000 1,950,000

All other FVO's 38,508,312 38,508,312 38,508,312 - 38,508,312 38,508,312

Field Instructions (raised not closed out)

113 FI's to end July 09 10,407,590 - 10,407,590 10,407,590 10,407,590 2,081,518 12,489,108

Additional Instrument Work 2,276,317 2,217,316 2,217,316

Future Field Instruction allowance

Aug 09 1,000,000 - 1,000,000 1,000,000 1,000,000 200,000 1,200,000

Sep 09 750,000 - 750,000 750,000 750,000 150,000 900,000

Oct 09 500,000 - 500,000 500,000 500,000 100,000 600,000

Extension of Time

Mar 08 to Jul 09 (17 months at SAR 325,000) 5,525,000 5,525,000 5,525,000 - 5,525,000 5,525,000

LESS 6 months included in FVO 39 above 1,950,000- 1,950,000- 1,950,000- - 1,950,000- 1,950,000-

EOT Aug 09 to Oct 09 975,000 975,000 975,000 975,000 325,000 1,300,000

FORECAST SAR 117,295,603 48,927,884 52,458,812 101,386,696 - 13,632,590 - - 13,632,590 115,019,286 5,073,834 120,093,120

FORECAST US$ 31,278,827 13,047,436 13,989,017 27,036,452 - 3,635,357 - - 3,635,357 30,671,810 1,353,022 32,024,832


151883849.xls.ms_office 104 AGC Printed: 6/14/2013


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Contract 107 - PAR Works SAR MeasureFVO's /


G

Preliminaries - Following descope in Feb 2007 29,000,000 29,000,000 29,000,000 - 29,000,000 29,00

AFC Measure Works (agreed)

Erection of PAR steel 9,178,124 9,178,124 9,178,124 - 9,178,124 9,17

Transportation & installation PAR's 20,131,729 20,131,729 20,131,729 - 20,131,729 20,13

Stick built steel 2,841,121 2,841,121 2,841,121 - 2,841,121 2,84

Pipe fabrication & installation 43,809,425 43,809,425 43,809,425 - 43,809,425 43,80

Electrical work 33,646 33,646 33,646 - 33,646 3

Insulation (materials & installation) 6,920,103 6,920,103 6,920,103 - 6,920,103 6,92

Painting 5,111,083 5,111,083 5,111,083 - 5,111,083 5,1

Descope Claim Settlement

Suspensions 200,000 200,000 200,000 - 200,000 20

Standby 2,335,000 2,335,000 2,335,000 - 2,335,000 2,33

Painting 1,465,000 1,465,000 1,465,000 - 1,465,000 1,46

Insulation material purchase - - - - -

Electrical material purchase 4,000,000 4,000,000 4,000,000 - 4,000,000 4,00

FVO's Agreed

Various FI's 5,477,903 5,477,903 5,477,903 - 5,477,903 5,47

Flagmen 248,590 248,590 248,590 - 248,590 248,590-

Pre-commissioning 159,760 159,760 159,760 - 159,760 15

Service to MMG 4,461,747 4,461,747 4,461,747 - 4,461,747 4,46Commissioing support to FW 10,352,256 10,352,256 10,352,256 - 10,352,256 10,35

FI's raised (132 to close out)

Various FI's (incl SAR 2.3m scaffolding) 8,192,921 - 8,192,921 8,192,921 8,192,921 2,300,000- 5,89

Flagmen 292,800 - 292,800 292,800 292,800 292,800-

Service to MMG - - - - -

Pre-commissioning 434,240 - 434,240 434,240 434,240 43

Commissioning support to FW 1,276,300 - 1,276,300 1,276,300 1,276,300 1,27

Future FI allowanceAugust 2,500,000 - 2,500,000 2,500,000 2,500,000 2,50

September 1,250,000 - 1,250,000 1,250,000 1,250,000 1,25

October 750,000 - 750,000 750,000 750,000 75

Ethylene Line re-installation 9,000,000 9,000,000 9,000,000 - 9,000,000 9,00

EOT Claim Sept 07 to Dec 08 7,500,000 - 7,500,000 7,500,000 7,500,000 22,045,000 29,54

EOT Claim Jan 09 to Oct 09 (less 2 months) 2,000,000 - 2,000,000 2,000,000 2,000,000 2,00

FORECAST SAR 178,921,748 117,025,231 37,700,256 154,725,487 - 10,196,261 4,500,000 9,500,000 24,196,261 178,921,748 19,203,610 198,12

FORECAST US$ 47,712,466 31,206,728 10,053,402 41,260,130 - 2,719,003 1,200,000 2,533,333 6,452,336 47,712,466 5,120,963 52,83



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Contract 110 - Cooling Tower Civils SAR MeasureFVO's /


GRAND

TOTAL

Original Contract Works - AFC MeasuresPreliminaries 15,386,277 15,386,277 15,386,277 - 15,386,277

Cooling water pipelines 14,049,525 14,049,525 14,049,525 - 14,049,525Equipment foundations 14,424,430 14,424,430 14,424,430 - 14,424,430

N/S Piperack foundations - - - - -

Cooling water manifold piperack foundations 2,015,339 2,015,339 2,015,339 - 2,015,339

Closed cooling water tank foundations 846,884 846,884 846,884 - 846,884

Shelters & Bunded area 304,880 304,880 304,880 - 304,880

Roads and pavings 4,508,820 4,508,820 4,508,820 - 4,508,820

Cable trenches 4,504,197 4,504,197 4,504,197 - 4,504,197

Substation 38 13,343,121 13,343,121 13,343,121 - 13,343,121

Firemain - - - - -

Waste water oily drainage 4,014,104 4,014,104 4,014,104 - 4,014,104

Outstanding measure items to be agreed 1,217,515 - 1,217,515 1,217,515 1,217,515

Field Variation Orders

Closed out Field Instructions 6,128,096 6,128,096 6,128,096 - 6,128,096

FVO 20 Unloading materials at DSA laydown 130,120 130,120 130,120 - 130,120

FVO Provision of laydown area 100,000 100,000 100,000 - 100,000

Field Instructions raised not closed - - - -

FI allowance to completion - - - -

Backcharge - Exchanger foundations 1,503,859- 1,503,859- 1,503,859- - 1,503,859-

FORECAST SAR 79,469,449 73,397,577 4,854,357 78,251,934 1,217,515 - - - 1,217,515 79,469,449 - 79,469,449

FORECAST US$ 21,191,853 19,572,687 1,294,495 20,867,182 324,671 - - - 324,671 21,191,853 - 21,191,853


151883849.xls.ms_office 110 DSA Printed: 6/14/2013


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Contract 112 - EG DRUM Fill Building SAR MeasureFVO's /


GRAND

TOTAL

Original Contract Works Lump SumPreliminaries 4,307,070 4,307,070 4,307,070 - 4,307,070 4,307,070

Lump Sum remaining works 9,186,723 9,186,723 9,186,723 - 9,186,723 9,186,723


FI's 1 thru 34 agreed and closed out 2,563,944 2,563,944 2,563,944 - 2,563,944 2,563,944

Field Instructions

Raised/not agreed (4nr at end July 09) 21,000 - 21,000 21,000 21,000 21,000

Future FI allowance:

Aug 09 20,000 - 20,000 20,000 20,000 25,000 45,000

Sep 09 10,000 - 10,000 10,000 10,000 25,000 35,000

CREDIT - For demolition of exist ing DF Building 10,000- - 10,000- 10,000- 10,000- 10,000-

Extension of Time Claim

Nov 07 to Jun 08 - no costs claimed - - - - -

Jul 08 to Jul 09 2,000,000 - 2,000,000 2,000,000 2,000,000 2,500,000 4,500,000

Aug 09 50,000 - 50,000 50,000 50,000 - 50,000

Sep 09 50,000 - 50,000 50,000 50,000 - 50,000

FORECAST SAR 18,198,737 13,493,793 2,563,944 16,057,737 10,000- 21,000 30,000 2,100,000 2,141,000 18,198,737 2,550,000 20,748,737FORECAST US$ 4,852,997 3,598,345 683,718 4,282,063 2,667- 5,600 8,000 560,000 570,933 4,852,997 680,000 5,532,997


151883849.xls.ms_office 112 ARCON Printed: 6/14/2013


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Contract 113 - Main Mechanical E & I SAR MeasureFVO's /


GRAND

TOTAL

Preliminaries - Original Contract incl incl - incl - -

Original Contract 102 & 111 converted to 555,000,000 555,000,000 555,000,000 - 555,000,000 - 555,000,000LUMP SUM

Amendment No 1 Agreement for milestones 200,000,000 200,000,000 200,000,000 - 200,000,000 - 200,000,000


Field Instructions 11,121,788 11,121,788 11,121,788 - 11,121,788 - 11,121,788

Backcharges for use of labour provided by ARCC,

SBG, NSH, and Bilfal 11,673,781- 11,673,781- 11,673,781- - 11,673,781- - 11,673,781-

Outstanding FI agreements in FI's 0 to 640 3,500,000 - 3,500,000 3,500,000 3,500,000 7,818,579 11,318,579

Field Instructions 640 to 1610 - FW assessed 14,239,923 - 14,239,923 14,239,923 14,239,923 5,492,302 19,732,225

FI's 1611 to 1733 - FI estimated by FW 3,504,261 - 3,504,261 3,504,261 3,504,261 1,345,739 4,850,000

Claim items raised by MMG for various items

mainly known prior to agreement of first Lump Sum. 500,000 - 500,000 500,000 500,000 13,234,089 13,734,089

-

Future FI allowance 5,000,000 - 5,000,000 5,000,000 5,000,000 5,000,000

BACKCHARGES for Lost/Damaged materials - ? ?

FORECAST SAR 781,192,191 755,000,000 551,993- 754,448,007 - 21,244,184 5,000,000 500,000 26,744,184 781,192,191 27,890,709 809,082,900

FORECAST US$ 208,317,918 201,333,333 147,198- 201,186,135 - 5,665,116 1,333,333 133,333 7,131,782 208,317,918 7,437,522 215,755,440


151883849.xls.ms_office 113 MMG Printed: 6/14/2013


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Contract 212 - Engineering Metering Skids SAR MeasureFVO's /

AmendmentsTOTAL

Measure /

AmendmentFI's raised Future FI's Claims Total Forecast Further RISK

GRAND

TOTAL

Original Contract Works Lump SumProduction of Engineering Package all work 2,298,350 2,298,350 2,298,350 - 2,298,350

Production of purchase requisitions 951,340 951,340 951,340 - 951,340Production of all drawings/documents for work 951,340 951,340 951,340 - 951,340

Technical support for equipment & materials 475,670 475,670 475,670 - 475,670

Geotechnical Survey (not carried out) - - - - -

Inspection Services 908,250 908,250 908,250 - 908,250

Travel Expenses (Prov Sum) 174,000 174,000 174,000 - 174,000

Technical Verifications 1,878,750 1,878,750 1,878,750 - 1,878,750

Site commissioning & engineering 429,000 429,000 429,000 - 429,000

Amendment 1 - Functional Loop Checking 1,500,000 520,900 520,900 979,100 979,100 1,500,000

Sep 09

FVO's - none issued - - - - -

Field Instructions - none issued - - - - -

Future FI allowance - - - - -

FORECAST SAR 9,566,700 8,066,700 520,900 8,587,600 979,100 - - - 979,100 9,566,700 - 9,566,700

FORECAST US$ 2,551,120 2,151,120 138,907 2,290,027 261,093 - - - 261,093 2,551,120 - 2,551,120


151883849.xls.ms_office 212 KENTZ Printed: 6/14/2013


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Contract 215/2496 - Specialist Pre-Comm Services US$ MeasureFVO's /

AmendmentsTOTAL

Measure /


GRAN

TOTA

Payments (see attached sheet for details)Jul to Sep 08 282,217 282,217 282,217 - 282,217 282,217

Oct 08 525,475 525,475 525,475 - 525,475 525,475Nov 08 533,016 533,016 533,016 - 533,016 533,016

Dec 08 442,819 442,819 442,819 - 442,819 442,819

Jan 09 511,026 511,026 511,026 - 511,026 511,026

Feb 09 590,940 590,940 590,940 - 590,940 590,940

Mar 09 1,162,368 1,162,368 1,162,368 - 1,162,368 1,162,368

Apr 09 1,134,332 1,134,332 1,134,332 - 1,134,332 1,134,332

May 09 1,768,195 1,768,195 1,768,195 - 1,768,195 1,768,195

Jun 09 2,007,682 2,007,682 2,007,682 - 2,007,682 2,007,682

Forecast Future Costs

Jul 09 2,270,000 - 2,270,000 2,270,000 2,270,000 2,270,000

Aug 09 1,719,000 - 1,719,000 1,719,000 1,719,000 1,719,000

Sep 09 1,412,500 - 1,412,500 1,412,500 1,412,500 1,412,500

Oct 09 1,115,000 - 1,115,000 1,115,000 1,115,000 1,115,000

Nov 09 500,000 500,000

Mob/Demob 150,000 75,000 75,000 75,000 75,000 150,000 150,000

FORECAST US$ 15,624,570 9,033,070 - 9,033,070 6,591,500 - - - 6,591,500 15,624,570 500,000 16,124,570


151883849.xls.ms_office 215 ANABEEB Printed: 6/14/2013


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Contract - NSH Manpower Supply and Work Packs US$ MeasureFVO's /

AmendmentsTOTAL

Measure /


GRAN

TOTA

Payments (see attached sheet for details)Jul to Sep 08 282,217 282,217 282,217 - 282,217 282,217

Oct 08 525,475 525,475 525,475 - 525,475 525,475Nov 08 533,016 533,016 533,016 - 533,016 533,016

Dec 08 442,819 442,819 442,819 - 442,819 442,819

Jan 09 511,026 511,026 511,026 - 511,026 511,026

Feb 09 590,940 590,940 590,940 - 590,940 590,940

Mar 09 1,162,368 1,162,368 1,162,368 - 1,162,368 1,162,368

Apr 09 1,134,332 1,134,332 1,134,332 - 1,134,332 1,134,332

May 09 1,768,195 1,768,195 1,768,195 - 1,768,195 1,768,195

Jun 09 2,007,682 2,007,682 2,007,682 - 2,007,682 2,007,682

Forecast Future Costs

Jul 09 2,270,000 - 2,270,000 2,270,000 2,270,000 2,270,000

Aug 09 1,719,000 - 1,719,000 1,719,000 1,719,000 1,719,000

Sep 09 1,412,500 - 1,412,500 1,412,500 1,412,500 1,412,500

Oct 09 1,115,000 - 1,115,000 1,115,000 1,115,000 1,115,000

Nov 09 500,000 500,000

Mob/Demob 150,000 75,000 75,000 75,000 75,000 150,000 150,000

FORECAST US$ 15,624,570 9,033,070 - 9,033,070 6,591,500 - - - 6,591,500 15,624,570 500,000 16,124,570


151883849.xls.ms_office NSH Printed: 6/14/2013


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NSH Payments HISTORY and projected Final Account

Payment

CertPeriod Mandays Cost $

Cost / Manday

$Equipment Materials

Sub

ContractorsScaffolding

Site

EstablishmentTOTAL

1 Jul to Sep 08 819 137,593 168.0 - - - - - 137,593

2 Oct 08 2,533 417,984 165.0 - - - - - 417,984

3 Oct-08 675 107,491 159.2 - - - - - 107,4914 Sep 08 949 144,624 152.4 - - - - - 144,624

5 Nov 08 3,322 533,016 160.5 - - - - - 533,016

6 Dec 08 2,779 443,785 159.7 - - - - - 443,785

7 Jan-09 3,037 511,026 168.3 - - - - - 511,026

8 Feb-09 2,221 496,432 223.5 72,431 16,742 - 672 75,000 661,277

8 Mar-09 4,815 785,725 163.2 251,678 21,251 19,761 8,953 75,000 1,162,368

9 Apr-09 4,898 776,689 158.6 267,737 391 1,570 12,945 75,000 1,134,332

9 Dec-08 966- 966-

9 Feb-09 65,000- 5,337- 70,337-

10 May-09 7,614 1,123,840 147.6 430,826 80,148 7,180 47,451 78,750 1,768,19511 Jun-09 8,730 1,273,988 145.9 519,578 47,782 9,152 78,432 78,750 2,007,682

Jul-09 1,350,000 650,000 80,000 10,000 100,000 80,000 2,270,000

Aug-09 1,000,000 500,000 50,000 9,000 80,000 80,000 1,719,000

Sep-09 850,000 400,000 25,000 7,500 50,000 80,000 1,412,500

Oct-09 750,000 250,000 10,000 5,000 25,000 75,000 1,115,000

Mob (not claimed) 75,000

Demob 75,000

15,624,570

151883849.xls.ms_office NSH PAYMENTS Printed:

Cost Forecast FW

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