ANNEX I

STADIUM MAIN BOWL

RENOVATION AND REMODELING OF INDOOR SPORT HALL

COST OF PROJECT (ETC) = N 1,784,475,000.00
ELECTRICAL SERVICES
COST PROJECT FEES PAYABLE COST AMOUNT PAYABLE
% N: K N: K
Up to 5M 1.95 5,000,000.00 97,500.00

Up to 10M or part of part thereof 1.75 10,000,000.00 175,000.00

Up to 15M or part thereof 1.55 15,000,000.00 232,500.00

Up to 45M or part thereof 1.35 45,000,000.00 607,500.00

Up to 75M or part thereof 1.15 75,000,000.00 862,500.00
Up to 150m or 1.0 150,000,000.00 1,500,000.00
Part thereof
Up to 200m or 0.85 200,000,000 1,700,000.00
Part thereof

Balance of 0.65 1,284,475,000.00 8,349,087.50

1,284,475,000.00
Total - - 13,523,587.50

Reimbursable expenditure on 10% - 1,352,358.75

13,523,587.50

GROSS FEES PAYABLE - - 14,875,946.25

STAGE 1 25% - 3,718,986.56

STAGE 2 50% - 7,437,973.13

STAGE 3 25% - 3,718,986.56