As of

Slippage

 

  

31 January 2008

(+/-)

Target

Actual

sales & mktg

0.00

13.91

13.91
staking & design

0.00

10.68

10.68
delivery

-5.37

14.36

8.99
installation

-10.24

10.24

0.00
 

-15.61

49.20

33.58

Note: Revised schedule was based on the updated plans and schedule attached to first progress billing on 19 June 2007

 

Payment (including advance payment of 19.5%) as of January 31, 2008:

 

Activities

Total Contract, Euro

Payment, Euro

% Contract

Pending, Euro

Onshore (labor)

3,498,000.00

1,084,352.37

31.00%

 

Offshore (materials)

14,000,000.00

4,976,115.70

35.54%

4,906,686.68

 ·       Materials Delivery Ongoing: France via Cebu then Masbate by boat

·         Survey and Design: completed as of 31 January 2008

·         Target in 2008: Electrification of at least 113 barangays March-May 2008 using PV-SHS