Al Hamra Coastal Villas — Ras Al Khaimah
Hamra Coast Developments · Northern Bay Contracting · Meridian Engineering Consultants · Emirates Development Bank (demo data)
Contract value
AED 94.30M
Re-measured · FIDIC Red Book 1987
Bank exposure
AED 66.00M
AED 51.70M disbursed
Claimed vs verified
71.4% / 69.8%
Engineer certified 70.1%
Schedule variance
1%
Completion 2026-10-30
Claimed vs verified vs planned progress
AI-assisted — Professional Engineer approval required. Figures are model-generated from submitted evidence and are not certified until an engineer signs off.
Contract particulars
- Contract type
- Re-measured
- Form of contract
- FIDIC Red Book 1987
- Commencement
- 2023-05-20
- Contractual completion
- 2026-10-30
- Retention
- 5%
- Defect Liability Period
- 12 months
- Units
- 86
- Advance recovery
- 10%, pro-rata from IPC-004
- Variations approved
- 3 (AED 1.42M)