Final Study Report with actions

for Value Engineering – 7346-

VE001 R0

Issue Record

Version Date Summary of Development

First Issue (VE) 001 R0 26 MAR 2024 Final Draft for comment

LA PORTO MIXED USE DEVELOPMENT PROJECT, JEDDAH, SAUDI ARABIA

SEMAAN & SOBERMAN INTERNATIONAL
VALUE ENGINEERING FINAL REPORT (Project 7346-001 R0)
Issued to: Roua A. Saimaldahar Architect
Buruoj Engineering consultant
Contact number: +966 55 056 0590
Telephone: +966 12284 9999
P.O.BOX: 45008JEDDAH 21512 SAUDI ARABIA
WWW.BURUOJ.COM

LA PORTO MIXED USE DEVELOPMENT PROJECT, JEDDAH, SAUDI ARABIA

SEMAAN & SOBERMAN INTERNATIONAL
VALUE ENGINEERING FINAL REPORT (Project 7346-001 R0)
Contents
1 Introduction ................................................................................................... 4
2 Objectives of the VE study ............................................................................... 4
3 Goals…………………………………………………………………………………………………………………………….. 4
4 Grand Summary ............................................................................................. 5
5 Executive Summary ....................................................................................... 6

1 Introduction
The subject of this report was based on the detailed design for AL AKARIA LA
PORTO MIXED USE DEVELOPMENT PROJECT which had been awarded to the
design team lead by BURUOJ Architects. The development consists of Cinema with
a General Basement space, Hotel, Leisure Office, and retail development 1 and 2
including Landscape and Parking Areas. The development is intended to offer
Saudis and International Visitors and residents a new lifestyle in entertainment,

LA PORTO MIXED USE DEVELOPMENT PROJECT, JEDDAH, SAUDI ARABIA

SEMAAN & SOBERMAN INTERNATIONAL
VALUE ENGINEERING FINAL REPORT (Project 7346-001 R0)
 Hospitality, amusement, which a very high level of luxury living in the best
buildings in JEDDAH.

2 Objectives of the VE study

The main objective of the VE Report was to identify how to bridge the gap between
the client’s budget for the project of SAR 338,000,000.00 as proposed and
Expected as SAR 319,000,000.00 and the projected Detailed Design Estimate for
the project of SAR 362,000,000.

3 Goals

There are agreed short term and long-term goals based upon the assessment of
performance and claim requirements.

Short Terms Goals

• Identify the premium, if any, required to achieve GSAS 4-star
rating;
• Identify the revision between the value Engineered 100% Detail
Design Cost Plan dated 20th February 2024 and the current
100% Detail Design Cost Plan as of 22nd March 2024and discuss
and resolve the affordability challenge with the Client Team as
a matter of urgency.
Long Terms Goals
• We open on time and meet budget expectations.
• All MEP Items shall be revised and analyzed in terms of
Authority Requirements.

4 Grand Summary

The Final list of proposals identified at the preparatory final report represented an
order of magnitude saving of about nearly SAR 25,000,000 including
preliminaries. Following the VE internal workshop, when new ideas were
generated and a list of VE proposals was agreed, the design team members have
developed the proposals on thedevelopmentsheets to enable Cost Consultant to evaluate
the potential cost impact more accurately. These proposals fall into two main

LA PORTO MIXED USE DEVELOPMENT PROJECT, JEDDAH, SAUDI ARABIA

SEMAAN & SOBERMAN INTERNATIONAL
VALUE ENGINEERING FINAL REPORT (Project 7346-001 R0)
 categories:

Category Description Cost effect SAR

A Proposals that are being incorporated into the 362,374,460.23
detailed design

Preliminaries @ 10% Included

Total 362,374,460.23

C Proposals that will be investigated further 337,777,738.18

between the design team and the client during
design development
Preliminaries included

Total 337,777.738.18

Total potential expected saving (SAR) 24,999,722.05

D Proposals that will be investigated further 318,889,525.00

between the design team and the client during
design development including Change in
Design and Specification of MEP items
Preliminaries included

Total 318,999.525.00

Total potential Probable saving (SAR) 43,374,935.23

Other ideas will enable AL AKARIA to generate additional income from additional saleable
space which will be evaluated and considered in the business case for the development.

The value criteria for the development were confirmed by AL AKARIA and Client Project Team
as:
 Luxury – Space, unit size and ceiling heights
5

LA PORTO MIXED USE DEVELOPMENT PROJECT, JEDDAH, SAUDI ARABIA

SEMAAN & SOBERMAN INTERNATIONAL
VALUE ENGINEERING FINAL REPORT (Project 7346-001 R0)
  Standard of finishes
 Amenities
 Sustainability
 Lifestyle
 Maintainability
 Flexibility
 Privacy
This report contains the list of ideas including the evaluation on 24 March 2024 and the
proposal development sheets.

LA PORTO MIXED USE DEVELOPMENT PROJECT, JEDDAH, SAUDI ARABIA

SEMAAN & SOBERMAN INTERNATIONAL
VALUE ENGINEERING FINAL REPORT (Project 7346-001 R0)
 5.Executive Summary

LA PORTO MIXED USE DEVELOPMENT PROJECT, JEDDAH, SAUDI ARABIA

SEMAAN & SOBERMAN INTERNATIONAL
VALUE ENGINEERING FINAL REPORT (Project 7346-001 R0)
Conclusion

 A detailed BOQ with revised rates of recently completed Project as threshold

to reach the savings for Various Section.
 Regarding the MEP section for all the big ticket items can be minimized with
the input from the respective Design team and can reach the Probable
amount during the construction stage.
 Apparently the Revised BOQ will enhance as tool for the upcoming
Procurement and Cost Control tool throughout the Project.

This concludes the first review.

If you have any questions or concerns, please contact

Principal, SAM SEMAAN Sam@semaansoberman.me

SEMAAN & SOBERMAN

HQ
3007-361 Front St W
Toronto, ON
M5V 3R5 CA
End>>>>>>

LA PORTO MIXED USE DEVELOPMENT PROJECT, JEDDAH, SAUDI ARABIA

SEMAAN & SOBERMAN INTERNATIONAL
VALUE ENGINEERING FINAL REPORT (Project 7346-001 R0)