ALVEO LAND CORPORATION

Recommendation for Payment

This is to recommend the release of funding/payment based on the following information and computation:

FOR CONSTRUCTION STAGE PROJECTS:

TO BE FILLED UP BY QS TO BE FILLED UP BY PM

Date of Billing Receipt from PM: 05-Dec-17 Date of Reconciled Billing Receipt from Contractor:
Vendor: TFP TRADING AND CONSTRUCTION [ / ] VAT [ ] Non-VAT Date of RFP Receipt from QS:
Project: MONDIA
Package Name: CONSTRUCTION OF FEATURE AND TEXTURED FENCE
Billing Type, Number: PB NO.1 TO BE FILLED UP BY CMD PE TO BE FILLED UP BY APRISA
Vendor Invoice No.
Vendor Code: Check Release Target Date:
SBU: Fixed Weekly Check Release Schedule per SBU:
Plant No. Type of Payment: Regular, DP, Rush Payment:
PS Network

FOR NON-CONSTRUCTION STAGE PROJECTS:

TO BE FILLED UP BY REQUISITIONER TO BE FILLED UP BY APRISA

Date of Complete Billing Receipt from Vendor: Check Release Target Date:
Vendor, Vendor Code: [ / ] VAT [ ] Non-VAT Fixed Weekly Check Release Schedule per SBU:
Project: Type of Payment: Regular, DP, Rush Payment:
Package Name:
Billing Type, Number:
Vendor Invoice No.
SBU:
Plant No.
PS Network

Original Contract Amount Approved Change Orders Reimbursibles / Others TOTAL CONTRACT Downpayment Net Amount of Progress TOTAL TO DATE BALANCE
AMOUNT Billing Paid PAYMENTS

17,300,000.00 0.00 17,300,000.00 0.00 1,712,700.00 1,712,700.000 15,587,300.00

A. FOR DOWNPAYMENT / CASH ADVANCE

PO Number Type (DP / CA) Amount

4800299080 DP 0.00

B. FOR PROGRESS BILLINGS

PO Number PO Amount Accomplishment to date Less: Accomplishment prior to this Accomplishment for this period Less: Release of Retention
report
Total Amount % TOTAL % Amount % Reimbursibles / Others TOTAL NET OF VAT Retention DP Reimbursement Others TOTAL DEDUCTIONS
TOTAL

Main: 4800299080 17,300,000.00 1,903,000.00 11.0% 0.00 0.0% 1,903,000.00 11.0% 0.00 1,903,000.00 1,699,107.14 190,300.00 0.00 0.00 190,300.00 0.00
CO 1: 0.00 0.00 0.0% 0.00 0.0% 0.00 0.0% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
CO 2: 0.00 0.00 0.0% 0.00 0.0% 0.00 0.0% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
CO 3: 0.00 0.00 0.0% 0.00 0.0% 0.00 0.0% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
CO 4: 0.00 0.00 0.0% 0.00 0.0% 0.00 0.0% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

TOTAL 17,300,000.00 1,903,000.00 11.0% 0.00 0.0% 1,903,000.00 11.0% 0.00 1,903,000.00 1,699,107.14 190,300.00 0.00 0.00 190,300.00 0.00

FOR MIXED-USE PROJECTS: AMG ABG SLMG AHI TOTAL

Percentage Sharing per SBU 25.0% 25.0% 25.0% 25.0%
Gross Amount 1,903,000.00
Deductibles - - - - (190,300.00)

Total Net Amount Due This Request (Php) 0.00 0.00 0.00 0.00
1,712,700.00

Document Requirement Checklist

(for Construction Stage)
CONSULTANTS CONTRACTORS / SUPPLIERS
Progress Billing Release of Downpayment Progress Billing Release of Downpayment Release of Retention
[ ] Statement of account/Invoice [ ] Statement of account/Invoice [ ] Statement of account/Invoice [ ] Certificate of testing [ ] Statement of account/Invoice [ ] Statement of account/Invoice
[ ] Contract status [ ] Purchase Order [ ] Affidavit of payment of labor and [ ] Contract (for PB1 / no DP contract) (N/A for ALI Subs.) [ ] Surety bond (N/A for ALI Subsidiaries) [ ] Guarantee bond (N/A for ALI Subsidiaries)
[ ] Contract (for 1st Billing) (N/A for ALI Subsidiaries) [ ] Contract (Local Consultant) materials to suppliers (N/A for ALI Subsidiaries) [ ] Purchase Order [ ] Payment bond (N/A for ALI Subsidiaries) [ ] Notice of acceptance/Certificate of completion
[ ] Purchase Order [ ] Work accomplishment evaluation [ ] Change order status log (FM-CMG 03-13) [ ] Performance bond (N/A for ALI Subs.) [ ] Contract Status (Form 03-17)
[ ] Change order status log (FM-CMG 03-13) report (From 03-18) [ ] Change order agreement (for Change Order claims) (FM-CMG 03-03) [ ] Cons. All-risk bond (N/A for ALI Subs.) [ ] Signed Performance Evaluation (FM-CMG 04-05)
[ ] Change Order Agreement (for Change Order claims) (FM-CMG 03-03) [ ] Contract status (Form 03-17) [ ] Performance Evaluation (for FB/ for signing) (FM-CMG 04-05) [ ] Purchase Order [ ] Affidavit of Quit Claim
[ ] Performance Evaluation (For Final Billing)(FM-CMG 04-05) [ ] Contract (N/A for ALI Subsidiaries)

Remarks

(for Non-Construction Stage)

[ ] Statement of account/Invoice
Remarks

Evaluated by: Endorsed By: Approved By:

AC YALUNG/ BKPI MB BARACENA MO RAMOS

SQS Project In Charge Project Officer Project Director
BK Philippines ncorporated
Project: MONDIA
Contractor: TFP Trading and Construction
Package: Construction of Feature and Textured Fence

Contract Amount : 17,300,000.00 P.O. 4800299080

Approved Change Order :
Anticipated Final Amount : 17,300,000.00

Progress Total Accomplishment Recoupment of

Change Order Retention Actual Payment
Billing No. Accomplishment this Period Downpayment

1 1,903,000.00 1,903,000.00 - 190,300.00 1,712,700.00

TOTAL 1,712,700.00

DOWNPAYMENT

TOTAL PAYMENTS TO DATE 1,712,700.00

BALANCE TO DATE 15,587,300.00

QMF-OPT-1C DATE 01-JUL-2014 AUTHORIZED BY MCSdC ISSUE 004
DEVELOPMENT BUDGET CERTIFICATION NO. 01
BK Philippines Incorporated
Building - Civil Engineering - Industrial - Mechanical - Electrical Engineering - Oil - Gas - Petrochemical - Power - Transportation - Water
CONSULTANTS TO THE INTERNATIONAL CONSTRUCTION INDUSTRY

Project: MONDIA Period Cover: as of 5 December 2017

Client : Alveo Land Corporation
Contract: Construction of Feature and Textured Fence

Unit Cost PREVIOUS This Date Cumulative

Item No. Work Item Unit Quantity Contract Amount
% Qty Amount % Qty Amount % Qty Amount

1 PRELIMINARIES - 1,511,177.38 46.12% 696,917.67 46.12% 696,917.67

1.1 Mobilization / Demobilization lot 1.00 85,000.00 85,000.00 50.00% 0.50 42,500.00 50.00% 0.50 42,500.00
1.2 Temporary Facilities lot 1.00 250,000.00 250,000.00 100.00% 1.00 250,000.00 100.00% 1.00 250,000.00
1.3 Management and Supervision lot 1.00 225,000.00 225,000.00 30.00% 0.30 67,500.00 30.00% 0.30 67,500.00
1.4 Site Operating Expenses lot 1.00 225,060.00 225,060.00 30.00% 0.30 67,518.00 30.00% 0.30 67,518.00
1.5 Plant, Equipment and Tools lot 1.00 351,000.00 351,000.00 30.00% 0.30 105,300.00 30.00% 0.30 105,300.00
1.6 Testing & Inspections lot 1.00 117,295.12 117,295.12 30.00% 0.30 35,188.54 30.00% 0.30 35,188.54
1.7 Bonds & Insurance lot 1.00 257,822.26 257,822.26 50.00% 0.50 128,911.13 50.00% 0.50 128,911.13

2 FEATURE FENCE 3,308,457.40 19.07% 630,934.50 19.07% 630,934.50

2.1 EARTHWORKS
2.1.1 Excavation m3 249.00 350.00 87,150.00 100.00% 249.00 87,150.00 100.00% 249.00 87,150.00
2.1.2 Backfill & Compaction m3 178.00 368.74 65,635.72 - - -
2.1.3 Gravel Bedding m3 13.00 1,100.00 14,300.00 100.00% 13.00 14,300.00 100.00% 13.00 14,300.00

2.2 STRUCTURAL WORKS

2.2.1 Rebars
2.2.1.1 Column Footing kg 2,607.00 46.50 121,225.50 100.00% 2,607.00 121,225.50 100.00% 2,607.00 121,225.50
2.2.1.2 Columns kg 1,701.00 46.50 79,096.50 100.00% 1,701.00 79,096.50 100.00% 1,701.00 79,096.50
2.2.1.3 Wall Footing kg 1,305.00 46.50 60,682.50 100.00% 1,305.00 60,682.50 100.00% 1,305.00 60,682.50

2.2.2 Formworks
2.2.2.1 Square Footing m2 106.00 430.00 45,580.00 24.53% 26.00 11,180.00 24.53% 26.00 11,180.00
2.2.2.2 Columns m2 383.00 430.00 164,690.00 - - -
2.2.2.3 Wall Footing m2 129.00 430.00 55,470.00 - - -

2.2.3 Concreting
2.2.3.1 Column Footing m3 41.00 4,150.00 170,150.00 100.00% 41.00 170,150.00 100.00% 41.00 170,150.00
2.2.3.2 Columns m3 16.00 4,150.00 66,400.00 31.25% 5.00 20,750.00 31.25% 5.00 20,750.00
2.2.3.3 Wall Footing m3 26.00 4,150.00 107,900.00 61.54% 16.00 66,400.00 61.54% 16.00 66,400.00

2.3 BASIC ARCHITECTURAL

2.3.1 Perimeter Walls 6" CHB Laying m2 811.00 950.00 770,450.00 - - -
2.3.2 Plastering m2 1,507.00 368.74 555,691.18 - - -
2.3.3 Provision of Groove lines (12mm x 20mm) lm 1,584.00 195.00 308,880.00 - - -
2.3.4 Painting RC Wall and Column m2 1,637.00 388.00 635,156.00 - - -

3 TEXTURED FENCE 12,480,365.22 4.66% 581,250.00 4.66% 581,250.00

3.1 EARTHWORKS
3.1.1 Excavation m3 249.00 350.00 87,150.00 - - -
3.1.2 Backfill & Compaction m3 178.00 368.74 65,635.72 - - -
3.1.3 Gravel Bedding m3 13.00 1,050.00 13,650.00 - - -

3.2 STRUCTURAL WORKS

3.2.1 Rebars
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QMF-OPT-1C DATE 01-JUL-2014 AUTHORIZED BY MCSdC ISSUE 004
DEVELOPMENT BUDGET CERTIFICATION NO. 01
BK Philippines Incorporated
Building - Civil Engineering - Industrial - Mechanical - Electrical Engineering - Oil - Gas - Petrochemical - Power - Transportation - Water
CONSULTANTS TO THE INTERNATIONAL CONSTRUCTION INDUSTRY

Project: MONDIA Period Cover: as of 5 December 2017

Client : Alveo Land Corporation
Contract: Construction of Feature and Textured Fence

Unit Cost PREVIOUS This Date Cumulative

Item No. Work Item Unit Quantity Contract Amount
% Qty Amount % Qty Amount % Qty Amount
3.2.1.1 Column Footing kg 12,298.00 46.50 571,857.00 48.79% 6,000.00 279,000.00 48.79% 6,000.00 279,000.00
3.2.1.2 Columns kg 8,290.00 46.50 385,485.00 48.25% 4,000.00 186,000.00 48.25% 4,000.00 186,000.00
3.2.1.3 Wall Footing kg 5,640.00 46.50 262,260.00 44.33% 2,500.00 116,250.00 44.33% 2,500.00 116,250.00

3.2.2 Formworks
3.2.2.1 Square Footing m2 517.00 430.00 222,310.00 - - -
3.2.2.2 Columns m2 1,560.00 430.00 670,800.00 - - -
3.2.2.3 Wall Footing m2 547.00 430.00 235,210.00 - - -

3.2.3 Concreting
3.2.3.1 Column Footing m3 169.00 4,150.00 701,350.00 - - -
3.2.3.2 Columns m3 65.00 4,150.00 269,750.00 - - -
3.2.3.3 Wall Footing m3 112.00 4,150.00 464,800.00 - - -

3.3 BASIC ARCHITECTURAL

3.3.1 Perimeter Walls 6" CHB Laying m2 3,586.00 950.00 3,406,700.00 - - -
3.3.2 Plastering m2 6,675.00 368.74 2,461,339.50 - - -
3.3.3 Painting RC Wall and Column m2 6,861.00 388.00 2,662,068.00 - - -

4 ADJUSTMENT

GRAND TOTAL 17,300,000.00 11.04% 1,909,102.17 11.04% 1,909,102.17

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