Al_Mutasim Contracting Co.

The Company Achievement in 2003

The Company had the following projects in the

remaining of the year 2003 Budget

1.Ongoing projects from year 2002:

S N	*Project Name*	*Total* *Cost of* *Project* *in ID* *1000*	*2003* *Budget* *ID 1000*	*Work* *Achiev* ed *ID 1000*	*Remarks*
1	Euphrates Bridge in AL-Bat-ha Expressway (1) Section (6).	1340822	62763	135000	Tranferred to2004
2	AL-Khidr	753737	115075. 5	192000
3	AL-Mabzal Bridge Expressway (1) Section (6).	267805	36156	35000
4	AL-Suwair Bridge Expressway (1) Section (6).	1396800	376153. 5	69000
5	Box Culverts Expressway (1) Section (6).	1266057	186000	198000
6	AL-Bat-ha Intersection Expressway (1) Section (6).	383517	150000	304000
7	Bridge AL-Yousifia Intersection	696155	100500

S N	*Project Name*	*Total* *Cost of* *Project* *in ID* *1000*	*2003* *Budget* *ID 1000*	*Work* *Achiev* ed *ID 1000*	*Remarks*
8	AL-Muthana Bridge.	318000	112500	85000	Tranferred to2004
9	AL-Ramadi Connecting Bridge to expressway.	4731851	250500	163500
10	Road in Khur AL-Zubair Free Zone.	647475	436500	666000
11	College of Science and College of Information (Baghdad University).	890198	890198
12	Plastic Surgery Hospital.	178000	178000
			271634. 6	227684 0

2) New projects in year 2003 Budget:

S N	*Project Name*	*Total* *Cost of* *Project* *in ID* *1000*	*2003* *Budget* *ID 1000*	*Work* *Achiev* ed *ID 1000*	*Remarks*
1	Rehabilitation of the Ministry of Water Resources.	5084018	262500 0	210000 0
2	Rehabilitation of The AL-Mutasim Company Head Quarters.	775500	775500	400000
			340050 0	250000 0

3) New projects not in year 2003 Budget:

S N	*Project Name*	*Total Cost of* *Project* *in ID 1000*	*Remarks*
1	Rehabilitation of a Building for the New Iraqi Army.	192000	Completed

Summary

S N	*Description*	*2003 Budget* *in ID 1000*	*Work Achieved*
1	Ongoing projects from 2002.	2716346	2151500
2	New projects in 2003. .	3400500	2500000
3	New project not in 2003 Budget	192000	192000
		6308846	4843500

1)Hence Percentage Achieved 76% Note:
The reason for not Achieving the Budget Amounts is due to :

1) Lack of Communication.
2) Security.
3) Delay of signing some of the contracts.
4) Delay Issuing of the Budget of some Projects.
5) Delay of Handing over the sites.
6) Changing the scope of works.
7) Change of the Designs.
8) Shortage of Electricity.
9) Fuel Shortage.
10) Traffic Jam.