Project: Sidani 494

Date: 11-02-2015
Subject: Sidanis Budget
Dear Mr. Sahyoun
Hope all is well,
We would like to present to you a summary of the variations in the budget of
Sidani Project and consequently in the cost of your apartment.

Sidani 494- B1.2

1

= % share * (Construction cost + Land Cost)

Apartment Cost as
= 3.5323 * (8,814,584$ + 10,984,660$).
per Old Version.
= 699,363 $
Apartment Cost as = % share * (Construction cost + Land Cost + Land Registration Cost).
per corrected new = 3.5323 * (9,146,959$ + 10,984,660$ + 275,437$).
Version.
= 720,833 $
Extra Aluminum
Cost for enclosing
the Balconies

4 Total Amount
5

= 7,268$ / apartment

= 1 + 2 +3 = 728,101$

Apartment Cost as = % share * (Construction cost + Land Cost + Land Registration Cost).
per updated
= 3.5323 * (9,250,727$ + 10,984,660$ + 275,437$).
actual cost
= 724,499 $

Note: In the old version, the land registration cost which was already paid directly
from the bank to ( ) was absent. In the new corrected version the cost
of land registration was added to have the correct actually paid cost.
Please do not hesitate to contact us for any further clarifications.
Best Regards,
Paul Sarkissian