The meeting was told that in the revised PC-1 2018, the Water and Power Development Authority (Wapda) included additional components such as a power house, project colony, access roads, cost of spillways and pipeline to the Manchhar Lake, increasing the cost of completion
of the dam to Rs46.73bn.
He asked the officers concerned to conduct survey and submit detailed report with estimated cost of completion
of non functional water supply schemes of the district.
NG-CDF acting CEO Yusuf Mbuno yesterday confirmed that the verification entails establishing the completion status of the projects before calculating the total cost of completion
The final cost of completion
of the project is Nu 41,258.545mn.
One particular example is that of Neelum Jhelum project that was started back in the era of former President Parvez Musharraf yet due to neglect, especially in the era of PPP, frequent timelines were given for its completion that also pushed up its cost of completion
. It is however heartening to see that finally this vital project is also expected to start electricity generation by end of current month as reportedly water filling in head race tunnel has been started.
"UAE continues investments despite a drop in oil prices, which some people see as positive for reducing the cost of completion
value of completed performance, the cost of completion
, or something
All too often as market conditions tighten and work becomes scarce, too many firms take on work at, or even below, the basic cost of completion
in order to fill order books.
The company decided not to further develop the project due to final estimates of the likely ultimate cost of completion
and said that all project development costs to date have been taken into account and the wind-down costs will be immaterial.
"Currently, we are preparing the revised cost of completion
with the main contractor and quantity surveyors," said Mr Janahi.