RESPONSE BY THE INDEPENDENT DEVELOPMENT TRUST:
(1) (a) R758 084 922,38 (Inclusive of Construction Cost, Professional Fees and ID;T Management Fees)
(see attached Annexure A with more details on the budget)
(b) The original contractual period was 24 months.
(c) The New buildings are 95% complete.
(see attached Annexure B with more details on the milestones and target dates)
(d) R782 688 325,88 as at 15 December 2017.
(e) The expected completion date is 03 October 2018.
(2) (a) The name of the contractor is Group Five
(b) No, the contractor was never replaced.
(c) There is no new contractor
(3) The contractor has received payment for services rendered and the Independent Development Trust is processing payments that were in dispute, but have now being resolved.
(4) No. No payment was received by a contractor for preliminary and general costs before commencement of construction work.
Thus, (4) (a), (b) and (c) fall away.
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