Welcome
3B+G+14 Tikur Abay Headquarter Building Project
Client: Tikur Abay Transport PLC
Consultant: MVR Consulting Group PLCÂ
Contractor: Amhara Building Works Construction Enterprise
Project Amount: 861,691,902.07 Including VAT
Contract Signature Date: Oct 12, 2022 GC
Site Handover Date: Oct 17, 2022 GC
Contractual Commencement Date: Nov 2, 2022 GC
Actual Commencement Date: Feb 6, 2023 GC
Duration of Project: 1,080 Days
Recent Pictures
List of Executed Tasks (From Nov 30, 2023 to Feb 22,2024 (84 Days)
Columns, retaining shear walls, lift, stairs raised from 2nd and 1st basement slab
Ramp from 2nd basement to 1st basement and from 1st basement to ground floor
1st Basement Slab
Ground Floor
- 1st floor slab preparation
Quality Tests
68 Cube taken and each sample passed the required quality requirement
Cost
Finance Demand of the Project
1) 22,222,903 Birr…Immediately
2) 86,169,190 Birr…Immediately
3) Gross: 113 Million/ Net : 74 Million…within 1month
4) 30 – 38 Million Birr Per Month for consecutive 5 months to achieve three floor per months…within 2 months
Time
Major Problems
Finance
Up-coming High 4-Risks
Risk-1
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1. The gov’t may retake the landÂ
Completion of Construction
Article 23.1 Any lessee shall complete construction within the period specified in the lease contract following the provisions of sub article (2)
Article 23.2 The time limit for completion of construction shall be as follows:
c) up to 48 months for large construction projects
Article 23.5) Where a lessee fails to complete construction within the time limit specified under sub article (1) of this article, the lease contract shall be terminated and the appropriate body shall take back the land.
Article 23.7.a) upon ascertaining the conformity of the incomplete construction with the plan, transfer it, through open tender, to a person who can complete and use the building
Risk-2
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2. The shoring may collapses
Risk-3
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3. The project cost may increased
Risk-4
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