Abdullah A. M Al-Khodari Sons Company announces its backlog as of 31-12-2016.
Abdullah A. M Al-Khodari Sons Company announces its backlog as of 31-12-2016 as the following:-
1) Total contract value is SAR 7,850,467,480.
2) Total value of backlog (uncompleted work) is SAR 2,852,833,489
3) Total value of the delayed work is SAR 312,707,059.
4) The reasons for the delays are due to one or more of the following:
a) Excessive delay in issuance of visas and/or issuance in numbers far below those in client support letters.
b) Delay in appointing the consultant.
c) Delay in review/processing the invoices.
e) Delay in payment of approved invoices.
f) Design changes.
g) Delay in approving variation orders.
h) Stoppage of work by the clients due to insufficient liquidity and/or reprioritizing projects.