Ajman Corniche Offices — Ajman
Corniche Estates LLC · Gulf Horizon Contracting LLC · Sahel Technical Bureau · Emirates Development Bank (demo data)
Contract value
AED 72.60M
Re-measured · FIDIC Red Book 1999
Bank exposure
AED 48.00M
AED 19.50M disbursed
Claimed vs verified
27.3% / 26.8%
Engineer certified 26.9%
Schedule variance
-3%
Completion 2027-09-15
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 1999
- Commencement
- 2025-06-01
- Contractual completion
- 2027-09-15
- Retention
- 10%
- Defect Liability Period
- 12 months
- Units
- n/a
- Advance recovery
- 10%, pro-rata from IPC-004
- Variations approved
- 3 (AED 1.42M)