PROPOSED FAÇADE, HOTEL INTERIOR AND MEP IMPROVEMENT WORKS TO EXISTING CONSERVED SHOPHOUSES AT 28 ANN SIANG ROAD

FINANCIAL STATEMENT NO. 1 [AS AT END NOVEMBER 2022]

MAIN CONTRACT

SUMMARY TSS 03.01.22

Item Description Budget Contract Awarded Variations Projected Final Variance Payment To Date Balance Remarks
Sum Sub-Contract Sum Approved Anticipated Contract Sum Amount % Amount Val. Outstanding
S$ S$ S$ S$ S$ S$ S$ S$ No. S$
[a] [b] [c] [d] [e=a+c+d] [f=e-a] [g=f÷a] [h] [i=e-h]

A Builders & M&E Works 1,418,683.99 1,418,683.99 1,418,683.99 - 0.00% 17,815.52 2 1,400,868.47 Refer to Appendix 1
for variation list

B Contingency Sum 20,000.00

C Named Sub-Contracts 367,597.65 367,597.65 367,597.65 25,600.00 5,218.50 398,416.15 30,818.50 181,424.82 216,991.33
.. Club House Fit-Out and M&E 350,093.00 350,093.00 350,093.00 25,600.00 5,218.50 380,911.50 30,818.50 8.80% 172,785.54 208,125.96
Installation Works NSC - IWA
.. Main Contractor's Profit 8,752.33 8,752.33 8,752.33 - - 8,752.33 - 0.00% 4,319.64 4,432.69
.. Main Contractor's Attendance 8,752.33 8,752.33 8,752.33 - - 8,752.33 - 0.00% 4,319.64 4,432.69

Total 1,806,281.64 1,786,281.64 367,597.65 25,600.00 5,218.50 1,817,100.14 30,818.50 1.73% 199,240.34 1,617,859.80
PROPOSED FAÇADE, HOTEL INTERIOR AND MEP IMPROVEMENT WORKS TO EXISTING CONSERVED SHOPHOUSES AT 28 ANN SIANG ROAD
FINANCIAL STATEMENT NO. 1 [AS AT END NOVEMBER 2022]
MAIN CONTRACT

VARIATIONS Appendix 1

Request For Variations Instructions

S/N RVO Date ERI No. Date Description Amount Remarks
No. S$

A Approved Variations
1 1 15.11.2022 1R1 21.11.2022 Reconstruction of existing staircase to meet statutory requirements, including works to modify 2,310.00
existing steelworks

2 1 15.11.2022 1R1 21.11.2022 Replacement of existing valve 2,362.50

3 1 15.11.2022 1R1 21.11.2022 Lowering of existing hosereel 892.50

4 1 15.11.2022 1R1 21.11.2022 New 40amp isolator for coffee machine 997.50

5 1 15.11.2022 1R1 21.11.2022 Extension of raised platform 1,207.50

6 1 15.11.2022 1R1 21.11.2022 Changes to entrance bulkhead and door closers 819.00

7 1 15.11.2022 1R1 21.11.2022 Lowering full height hose reel cabinet (367.50)

8 1 15.11.2022 1R1 21.11.2022 To partition box-up existing electrical services 997.50

9 1 15.11.2022 1R1 21.11.2022 Clad existing column in mirror finish 1,134.00

10 1 15.11.2022 1R1 21.11.2022 EM lock 15,247.00

Subtotal for Approved Variations 25,600.00

B Anticipated Variations

1 Supply and install existing stone flooring 4,410.00

2 Hack down tiles for cocomat 808.50

Subtotal for Anticipated Variations 5,218.50

Total Approved/ Anticipated Variations 30,818.50

Balance of Contingency Sum Tracking S$

Contingency Sum 20,000.00
Less Total Approved/ Anticipated Variations (30,818.50)
Overrun 10,818.50
PROPOSED FAÇADE, HOTEL INTERIOR AND MEP IMPROVEMENT WORKS TO EXISTING
CONSERVED SHOPHOUSES AT 28 ANN SIANG ROAD
FINANCIAL STATEMENT NO. 1
Cashflow Forecast & Interim Payment
Appendix 2

Contractor's Projection dated 30 November

Interim Payment
2022
Mth
Interim Projected Total Certified Main Contract
Cumulative (%) (%)
Certificate No. Amount Amount Cumulative
($S) ($S) ($S) ($S)

1 1 99,770.78 99,770.78 5.59% 92,824.95 92,824.95 5.20%

2 2 221,902.50 321,673.28 18.01% 106,415.39 199,240.34 11.15%
3 3 132,694.91 454,368.19 25.44%
4 4 41,877.67 496,245.86 27.78%
5 5 946,395.58 1,442,641.44 80.76%
6 6 343,640.22 1,786,281.66 100.00%

2,000,000.00
1,800,000.00
Cumulative Amount (S$)

1,600,000.00
1,400,000.00
1,200,000.00
1,000,000.00
800,000.00
600,000.00
400,000.00
200,000.00
-
1 2 3 4 5 6
Month Contractor's Projection dated 30
November 2022
Interim Payment