Fimcon Warehouse Project VAL. NO.9

8/3/2019 Fimcon Warehouse Project VAL. NO.9

1/14

COSTFIELD ASSOCIATES VALUATION

Contract :- OFFICE/WAREHOUSE COMPLEX - Phase1 (Warehouse & External Works)

Contractor :- Sojimi Services Limited

Architect :- Uudex Associates

Commencement Date :- 31st August, 2010 Completion Date :- 4th December,2010

Valuation No :- Nine Date :- 9th February 2012

Contract Sum :- =N= 108,950,357.96

=N= : K

Preliminaries 3,120,000.00

Builders' Work 58,286,286.60

Nominated Sub-contractors(advance payment & work done) 36,755,155.91

Builder's materials on site -

Attendance to Main Contractor on Specialist Works 918,878.90

GROSS VALUATION =N= 99,080,321.41

Less:Rentention:10% (main contractor only) 6,232,516.55

92,847,804.86

AddRelease of Retention -

92,847,804.86

Advance Payment - =N= 16,863,768.28

Less : Repayment (main contractor see page 12 for details) 15,110,867.62=N= 77,736,937.24

Add

Fluctuation (main contractor only see detail on page 9) 398,700.00

Value Added tax VAT -5% (main contractor only) 3,116,258.27

Total net amount payable to Contractors =N= 81,251,895.51

Less : Amount previously paid (see datails on page 13) 96,306,352.99

Amount recommended for payment =N= (15,054,457.48)

COSTFIELD ASSOCIATES

Quantity Surveyors

1.00


2/14



Valuation No :- Nine Date :- 9th February, 2012

Bill no. 1: Preliminaries

BreakdownInitial Cost (installation) 50%

Running/Continous Cost 35%

Terminal Cost 15%

4,000,000.00 = 100%

FOR VALUATION NO. 2

Initial Cost (installation) 50% 2,000,000.00

Running Cost- base on time interval - on Account80% of 35% of =N=4,000,000.00 1,120,000.00

3,120,000.00

Bill no. 4: Warehouse

Element no. 1 Substructure

(Remeasurement) as at Valuation no. 2A =N= 21,077,774.00

Page WH/2/ F - G:100% completed =N= 85,760.00

Page WH/3/ D - E:100% completed =N= 26,754.00Element no.1 Substructure =N= =N= 21,190,288.00

Element no. 2 Frame

(Remeasurement) as at Valuation no. 8 =N= 3,132,802.00

Element no.2 Frame =N= 3,132,802.00

Element no. 3 Upper Floors


Element no.3 Upper Floors =N= 4,383,067.00

Element no. 4 Staircase

Page WH/6/ A - N:100% completed =N= 315,585.00

Page WH/6/ P:100% completed =N= 5,360.00

Remeasurement-item WH/7/A

Screeded bed on tread:14m2 @=N=1072.00 =N= 15,008.00

Remeasurement-item WH/7/B

Screeded backing on risers:57m @=N=163.00 =N= 9,291.00

Page WH/7/ C - E:100% completed =N= 25,934.00

Remeasurement-item WH/7/F- J

Thickness of terrazzo slab changed from 18mm

to 36mm

Item WH/7/ F:5m2 @ =N=3860.00:100% completed =N= 19,300.00

Item WH/7/ G -H:14m2 @ =N=3860.00:100% ditto =N= 54,040.00

Item WH/7/ J:57m @ =N=584.00:100% completed =N= 33,288.00

Page WH/7/ K - M:0% completed =N= -

Element no.4 Staircase =N= 477,806.00

Carried forward: =N= 29,183,963.002.00


3/14




Brought forward: =N= 29,183,963.00

Element no. 5 External and Internal wall


At entrance to staircase

225mm block wall:2m2 @=N=3259.00 =N= 6,518.00

Element no.5 External and Internal Wall =N= 5,184,726.00

Element no. 8 Doors

(Remeasurement)

Page WH/11/ A -6no @=N=17,281.00 =N= 103,686.00

Page WH/11/ B -14no @=N=15,437.00 =N= 216,110.00

Page WH/11/ C :0% completed =N= -

Page WH/11/ D -125m @=N=557.00 =N= 69,625.00

Page WH/11/ E -20no @=N=1,029.00 =N= 20,580.00

Page WH/11/ F -20no @=N=6,432.00 =N= 128,640.00

Page WH/11/ G -H :0% completed =N= -

Element no.8 Doors =N= 538,641.00

Element no. 9 Fittings and Fixtures

Page WH/12/ A - B :0% completed =N= -

Element no. 9 Fittings and Fixtures =N= -

Element no. 11 Floor,Wall & Ceiling Finishings

Page WH/15/ A- B:100% completed =N= 1,588,747.00

Page WH/15/ C - E:118m2 @ =N=643.00 =N= 75,874.00

Page WH/15/ F - H:118m2 @ =N=1544.00 =N= 182,192.00

Page WH/15/J: 100% completed =N= 48,020.00

Additional works

12no transluscent ceiling sheets@ =N=2,500.00 =N= 30,000.00

Remeasurement-page WH/15/K

Rendering to soffit of slab:468m2 @=N=1072.00 =N= 501,696.00

Page WH/15/ L:100% completed =N= 1,902,800.00

Page WH/15/M:29m2 @ =N=1029.00 =N= 29,841.00

Carried forward: =N= 4,359,170.00 34,907,330.003.00


4/14




Brought forward: =N= 4,359,170.00 34,907,330.00

Page WH/16/A:48m2 @ =N=1029.00 =N= 49,392.00

Page WH/16/B:32m @ =N=103.00 =N= 3,296.00

Page WH/16/C:43 m @ =N=103.00 =N= 4,429.00

Page WH/16/D:48m2 @ =N=3087.00 =N= 148,176.00

Page WH/16/E:29m2 @ =N=1544.00 =N= 44,776.00

Page WH/16/F:32m @ =N=154.00 =N= 4,928.00

Page WH/16/G:43m @ =N=154.00 =N= 6,622.00

Remeasurement-page WH/16/H

Rendering on ext.wall:1036m2 @=N=1072.00(100%) =N= 1,110,592.00

Page WH/16/ J:100% completed =N= 44,571.00

Element no. 11 Floor,Wall & Ceiling Finishings =N= 5,775,952.00

Element no. 12 Painting & Decoration

Page WH/17/ A- B:60% completed =N= 645,267.00Remeasurement-page WH/17/C

Painting to soffit of slab:468m2 @=N=729-70%complete =N= 238,820.40

Page WH/17/ D - E:0% completed =N= -

Page WH/17/ F - G:0% completed =N= -

Element no. 12 Painting & Decoration =N= 884,087.40

Bill no. 5: External Works

Site clearance

Page EX/1/A - E: 100% completed =N= 628,006.00

Oversite Excavation

Page EX/1/F: 100% completed =N= 373,433.00

Fence wall -front elevation

Substructure

Excavation for column pit:5m3@=N=1,072.00 =N= 5,360.00

Ditto trench for foundation:13m3 @ =N=1072.00 =N= 13,936.00

Reinforced conc.column bases:2m3@=N=21,440 =N= 42,880.00

Ditto column in foundation:1m3@=N=21,440 =N= 21,440.00

Reinforcement to column bases: 200kg @=N=206 =N= 41,200.00

Ditto for column in foundation:100kg @=N=206.00 =N= 20,600.00

Formwork to sides of col.in fdn:10m2 @=N=1029 =N= 10,290.00

Plain insitu conc.foundation bed:3m3@=N=18,010 =N= 54,030.00

225mm block wall filled solid:20m2 @=N=4717.00 =N= 94,340.00

Superstructure225mm hollow block wall :20m2 @=N=3259.00 =N= 65,180.00

Reinforced conc.column:2m3@=N=21,440 =N= 42,880.00

Reinforcement to column: 200kg @=N=206 =N= 41,200.00

Formwork to sides of column:18m2 @=N=1029 =N= 18,522.00

Carried forward: =N= 1,473,297.00 41,567,369.404.00


5/14





Fence wall -front elevation continuesSuperstructure continues

Rendering on front fence wall :40m2 @=N=1029.00 =N= 41,160.00

Rendering on front fence columns:36m2 @=N=1029 =N= 37,044.00

Fence wall -existing fence & generator house

Substructure

Excavate trench for foundation:3m3 @ =N=1072.00 =N= 3,216.00

Plain insitu conc.foundation bed:1m3@=N=18,010 =N= 18,010.00

225mm block wall filled solid:4m2 @=N=4717.00 =N= 18,868.00

Superstructure

225mm hollow block wall :10m2 @=N=3259.00 =N= 32,590.00

Cement & sand rendering on ditto:10m2@=N=1072 =N= 10,720.00

Fence wall -rear & left hand side elevations

Cement & sand rendering ditto:163m2@=N=1072 =N= 174,736.00

Gate House

Page EX/4/A - L: 100% completed =N= 130,231.00


Page EX/6/A - C: 100% completed =N= 100,932.00

Page EX/6/F - L: 100% completed =N= 72,368.00

Page EX/7/G: 100% completed =N= 26,800.00

Page EX/7/H: 0% completed =N= -

Page EX/7/J- K: 0% completed =N= -

Page EX/8/A - B: 0% completed =N= -

Page EX/8/C: 100% completed =N= 38,073.00

Page EX/8/D: 0% completed =N= -

Generator House

Page EX/9/A - M: 100% completed =N= 277,461.00

Page EX/10/A - J: 100% completed =N= 406,169.00

Remeasurement-item EX/10/K

230mm block wall:25m2 @=N=4717.00 =N= 117,925.00

Remeasurement-item EX/10/L

230mm block wall:66m2 @=N=3259.00 =N= 215,094.00

Page EX/10/M: 100% completed =N= 6,690.00

Page EX/10/N - P: 100% completed =N= 64,320.00


Page EX/11/F - L: 100% completed =N= 119,086.00

Page EX/11/M - N: 0% completed =N= -

Carried forward: =N= 3,837,817.00 41,567,369.40

5.00


6/14





Bill no. 5: External Works continuesGenerator House continues

Additional works

Asbestos ceiling tiles including hardwood noggins &

covering strip:9m2 @=N=943.00 =N= 8,487.00

Page EX/12/H: 100% completed =N= 47,334.00

Page EX/12/J: 0% completed =N= -

Remeasurement-item EX/12/K

Cement & sand screeded bed:9m2 @=N=1029.00 =N= 9,261.00

Page EX/12/L: 100% completed =N= 56,595.00

Page EX/13/A: 0% completed =N= -

Underground WaterTank


Page EX/14/ M: 0% completed(not done) =N= -

Page EX/15/A - J: 100% completed =N= 932,161.00

Remeasurement-page EX/15/K

Page EX/15/K:36m2 @=N=3829-100% completed =N= 137,844.00

Page EX/15/L: 100% completed =N= 20,368.00

Remeasurement-page EX/15/M

Page EX/15/M:36m2 @=N=1072-100% completed =N= 38,592.00

Page EX/15/N: 100% completed =N= 15,485.00

Remeasurement-page EX/15/P

Page EX/15/P:36m2 @=N=815-100% completed =N= 29,340.00

Page EX/15/Q: 100% completed =N= 13,851.00

Remeasurement-page EX/15/R

Page EX/15/R:36m2 @=N=617-100% completed =N= 22,212.00

Remeasurement-page EX/16/A

Page EX/16/A:55m2 @=N=1544-100% completed =N= 84,920.00

Paved area

Additional works

Total paved areas within the site:958m2,

Average excavation depth:470mm

Excavation :450m3 @=N=1,072.00 =N= 482,400.00

Total paved areas outside the site(ramp):127m2,

Average excavation depth:400mm

Excavation :51m3 @=N=1,072.00 =N= 54,672.00

Remove excavated material from site

:501m3 @=N=643.00 =N= 322,143.00


6.00


7/14


Contract :- OFFICE/WAREHOUSE COMPLEX - Phase1 (Warehouse & External Works) Valuation No :- Nine Date :- 9th February, 2012

Bill no. 5: External Works continues


Paved area continuesPage EX/17/A: 0% completed (not executed) =N= -

Remeasurement

Page EX/17/B: 683m2 @ =N=729.00 =N= 497,907.00

Page EX/17/C: 530m2 @ =N=712.00 =N= 377,360.00

Page EX/17/D: 573m2 @ =N=815.00 =N= 466,995.00

Additional paving outside the site (ramp area)

BRC mesh for concrete paving:112m2 @=N=815.00 =N= 91,280.00

Concrete paving

Page EX/17/E: 573m2 @ =N=5274.00 =N= 3,022,002.00

Additional paving outside the site (ramp area)

concrete paving:112m2 @=N=5726.00 =N= 641,312.00

Page EX/17/F: 0% completed =N= -

DrainagePage EX/17/G - L: 100% completed =N= 171,806.00

Page EX/18/A - G: 100% completed =N= 2,541,577.00

Page EX/18/H - J : 0% completed =N= -

Page EX/18/K : 80% completed =N= 122,935.20

Page EX/18/L - N : 0% completed =N= -

Page EX/19/A - H : 0% completed =N= -

Septic Tank

Page EX/19/J - M: 100% completed =N= 100,899.00



NOTE:Only 1no septic tank is included with warehouse

Soak Away Pit:size 1200 x 1200mm x 1500mm deep


Page EX/24/A: 50% completed =N= 4,866.00

NOTE:Only 1no is included with warehouse

Soak Away Pit:size 2100 x 2100mm x 1800mm deep

Page EX/24/B - N: 100% completed =N= 350,525.00

Page EX/25/A - B: 100% completed =N= 57,422.00

Additional works

Transformer Base

Excavation:1m3 @=N=1029.00 =N= 1,029.00

150mm hardcore:1m2 @=N=772.00 =N= 772.00

50mm concrete blinding:1m2 @=N=712.00 =N= 712.00

Concrete base:1m3 @ =N= 21,440.00 =N= 21,440.00Reinforcement:48kg @ =N= 206.00 =N= 9,888.00

Formwork to sides:6m2 @ =N= 1029.00 =N= 6,174.00


7.00


8/14


Contract :- OFFICE/WAREHOUSE COMPLEX - Phase1 (Warehouse & External Works) Valuation No :- Nine Date :- 9th February, 2012

Bill no. 5: External Works continues


Additional works

Machine Base

Excavation:1m3 @=N=1029.00 =N= 1,029.00

150mm hardcore:3m2 @=N=772.00 =N= 2,316.00

50mm concrete blinding:3m2 @=N=712.00 =N= 2,136.00

Concrete base:2m3 @ =N= 21,440.00 =N= 42,880.00

Reinforcement:96kg @ =N= 206.00 =N= 19,776.00


Isolation base

Excavation:1m3 @=N=1029.00 =N= 1,029.00

150mm hardcore:1m2 @=N=772.00 =N= 772.00

50mm concrete blinding:1m2 @=N=712.00 =N= 712.00

Concrete base:1m3 @ =N= 21,440.00 =N= 21,440.00Reinforcement:48kg @ =N= 206.00 =N= 9,888.00


225mm hollow block wall :5m2 @=N=3259.00 =N= 16,295.00

Engr Instruction dated 20/09/11 & 26/10/11 on

Columns @ main,inner & pedestrian gate

Substructure

Excavation:10m3 @=N=1029.00 =N= 10,290.00

Return,fill &rammed: 7m3 @=N=450.00 =N= 3,150.00

Cart away excavated material: 3m3 @=N=643.00 =N= 1,929.00

Column base &stub:3m3 @ =N= 21,440.00 =N= 64,320.00


Formwork to column stub sides:9m2 @ =N= 1029 =N= 9,261.00

Superstructure

Column:2m3 @ =N= 21,440.00 =N= 42,880.00


Formwork to column sides:26m2 @ =N= 1029.00 =N= 26,754.00

Bill no. 5: External Works =N= 16,718,917.20

Grand Total:Builders' Works =N= 58,286,286.60

8.00


9/14




Material on site as at 9th February 2012Flush doors:5no @=N=14,500.00 =N= 72,500.00

Cement:374bags @=N=1,650.00 =N= 617,100.00

Sharp sand:40tons @=N=3,500.00 =N= 140,000.00

Granite:60tons @=N=6,000.00 =N= 360,000.00

Reinforcement:5tons @=N=155,000.00 =N= 775,000.00

The Client paid for them =N= -

Fluctuation ClaimTotal amount approved to date(see costfield letter

dated 14th July 2011 =N= 398,700.00

Nominated Sub contractors' works

M/S BELDICO =N= K

(Electrical Installation)

Accepted Quotation - 11,778,175.76

Cumulative amount paid on electrical work done

(See Prime Associates Valuation no.2 dated 19th

October,2011) 11,184,872.00

Less: Retention -5% 559,243.60

10,625,628.40Less previouslypaid(certificate no. 8) 10,625,628.40

Amount due in this Valuation -

Note

Calculation of the amortization of advance payment

Total contract sum: =N= 11,778,175.76

Total amount of advanced payment to be amortized: =N=

Gross valuation for electrical sub contractor =N=

Adv.payment to be deducted from this valuation =N=

9.00


10/14




Nominated Sub contractors' works continues

MAPROMAR NIGERIA LIMITED(Mechanical Installation)


Additional works 1?????????? 291,715.00

Additional works 2????????? 92,820.00


3,605,899.16

Cumulative amount paid on mechanical work done

(See payment details from client 3,157,697.27

Less: Retention -10% 315,769.73 retention not deducted because of direct

=N= 2,841,927.54 paymentLess previously paid (See payment detail fromclient 3,157,697.27

Amount due in this Valuation (315,769.73)

Total amount paid to date 3,157,697.27

Note

Calculation of the amortization of advance payment

Total amount of NSC works including preliminaries: =N= -

Total amount of advanced payment to be amortized: =N= -

Gross valuation for mechanical sub contractor =N=

Adv.payment to be deducted from this valuation =N=

PRIMOTEK SYSTEM

(Fire Alarm Syetem)

Accepted Quotation - 552,365.63Advance payment paid -70% 386,655.94 previously paid without deducting retention

CHIDEX METALCO. (NIG)

(Metal Works)



Total amount paid as at 5th Oct,2011 1,753,608.00 previously paid without deducting retention

CRITTALL - HOPE NIG. LTD

(Roller Shutter doors)


Advance payment paid -100% 1,479,848.00 previously paid without deducting retention

10.00


11/14




Nominated Sub contractors' works continues

SAINT LLOYDS CONCEPTS LTD

(Aluminium Windows)


Total amount paid as at 1st Sept,2011 1,104,590.00 previously paid without deducting

retention.

TOWER ALUMINIUM (NIG) PLC

(Aluminium Roofing)

Accepted Quotation - -

See payment detail from client 6,396,528.30 previously paid without deducting

retention.

MICKODAM ENGINEERING NIG.LTD

(Structural Steel Works)


Variations:(see CIV-STRUCT letter dated

14th March, 2011

Additional steel mesh panel(item A) - 300,000.00

Monitor mesh panel(item B) - 300,000.00

Total 11,450,000.00

Cumulative amount paid on Structural steel work

(See payment details from client 11,850,600.00

Amount due in this Valuation

Payment to Nominated Sub Contractors.

(as advance payment & work done) 36,755,155.91

Attendance to Main Contractor on specialist

Works(2.5% of =N=36,755,155.91) =N= 918,878.90

11.00


12/14




Calculation of the amortization of advance payment for main contractor

Total amount of Builder's works including preliminaries: =N= 70,000,000.00

Total amount of advanced payment to be amortized: =N= 16,863,768.28

(see costfield letter dated 20th October, 2010)

Gross valuation of Builder's work,preliminaries,

attendance and fluctuation claim =N= 62,723,865.50

Advance Payment to be deducted from Main.

Contractor Valuation no.9 =N= 15,110,867.62

Value Added tax - VAT -5% (main contractor only)

Preliminaries 3,120,000.00

Builders' Work 58,286,286.60

Attendance to Main Contractor on Specialist Works 918,878.90

62,325,165.50

Value Added Tax to be paid through M.Contractor =N= 3,116,258.27

Amount previously paid:

(a)Main Contractor

Total amount paid to main contractor (excluding

advance payment) as stated in the statement of

payment made supplied by the Client(18/11/2010

to 30/01/2012) 59,551,197.08

(b)Nominated Sub Contractors.

M/S BELDICO

Electrical Installation - adv payment& work done 10,625,628.40

MAPROMAR NIGERIA LIMITED

(Mechanical Installation -advance payment 3,157,697.27

PRIMOTEK SYSTEM

(Fire Alarm Syetem) 386,655.94

CHIDEX METALCO. (NIG)

(Metal Works) 1,753,608.00

CRITTALL - HOPE NIG. LTD

(Roller Shutter doors) 1,479,848.00


(Aluminium Windows) 1,104,590.00

TOWER ALUMINIUM (NIG) PLC

(Aluminium Roofing) 6,396,528.30


(Structural Steel Works) 11,850,600.00

(Work done and advance payments) =N= 36,755,155.91

12.00


13/14




Summary of amount previously paid:(a)Main Contractor 59,551,197.08

(b)Nominated Sub Contractors. 36,755,155.91

Total amount paid to M.Contractor & NSC =N= 96,306,352.99

NOTE ON VALUATION

Bill no. 1

Preliminaries: 78% has been paid to date.The balance is for outstanding running cost and terminal cost.

Bill no. 2

Element no. 1: Substructure

The outstanding works i.e concrete step has been done, therefore this element is 100% completed

Element no. 2: FrameThis element is 100% completed

Element no.3:Upper Floor

This element is 100% completed

Element no. 4: Staircase

The outstanding is painting works.

Element no. 5: External & Internal Walls


Element no. 6: Roof

Nominated sub contractor's works

Element no. 7: Windows

Nominated sub contractor's works

Element no. 8: Doors

3no.doors are yet be fixed and their ironmongery.

Element no. 9: Fittings and Fixtures

The items (hardwood lockers) under this element are not executed

Element no. 11: Floor, Wall &Ceiling Finishings


Bill no. 5: External Works:Underground water tank,generator house,gatehouse(1no), septic tanks(2no),

soakaway pit(2no) manholes are at advance stage of completion.

13.00


14/14




NOTE ON VALUATION continues

Main Contractor advance payment repayment

The sum of =N=15,110,867.62 has been amortized out of =N=16,510,268.10 in this valuation.

The balance is of =N=1,399,400.48 is yet to be amortised.

Fluctuation

As stated in Valuation no. 8

Materials on site

The approximate quantities of materials found on site are as stated in the valuation.

Nominated Sub contractors' works

M/S BELDICO

(Electrical Installation)The amount stated as paid in the valuation is based on the details of the payment supplied by the Client.

Retentions are not deducted.

MAPROMAR NIGERIA LIMITED

(Mechanical Installation)

The amount stated as paid in the valuation is based on the details of the payment supplied by the Client.



(Structural Steel Works)

As stated in Valuation no. 8

PRIMOTEK SYSTEM

(Fire Alarm System)

The Contractor is yet to start work on site.

TOWER ALUMINUIM NIG (PLC)

(Aluminium roofing)




(Aluminium Windows)



CHIDEX METAL CO. (NIG)

(Metal Works)


Retentions are not deducted.14.00

Fimcon Warehouse Project VAL. NO.9

Documents

Transcript of Fimcon Warehouse Project VAL. NO.9