Contract Details

View and manage CNT-2024-001

Downtown Tower Construction Agreement

CNT-2024-001

Client Contract
Active

Main construction contract for 15-story mixed-use tower including all civil, MEP, and finishing works

Project:Downtown Tower Complex
Client:City Developments Ltd
Duration:Jan 15, 2024 - Jun 30, 2025

Contract Value

SAR 25,000,000

Progress75.0%

General Information

Contract Number

CNT-2024-001

Project

Downtown Tower Complex

Client

City Developments Ltd

Contract Type

client

Timeline

Start Date

Jan 15, 2024

End Date

Jun 30, 2025

Original End Date

Jun 30, 2025

Signed Date

Jan 10, 2024

Financial Summary

Original Value

SAR 25,000,000

Variations

SAR 0

Revised Value

SAR 25,000,000

Progress

75.0%

Recent Variations

Additional Roof Structure

VO-2024-001approved

+SAR 125,000

+14 days

Upgrade Lobby Finishes

VO-2024-002implemented

+SAR 230,000

No time impact

Reduce Parking Level 3 Scope

VO-2024-003approved

-SAR 60,000

-7 days

Notes

FIDIC Yellow Book conditions apply