PROJECT: 35th flr. (3503 & 3504) ONE CORPORATE CENTRELOCATION: Julia Vargas corner Meralco Ave. Ortigas Center,Pasig CityTOTAL AREA: 580.17 sq.m.

PRE-DEVELOPMENT COST

NO. PARTICULARS COST REMARKS1 Architectural Services

Php 380,000.00 Skala Architects2 Construction Bond Php116,034.00 Php 200.00 /sq.m.

3 Association Dues Php52,413.60 4 Working Capital Fund Php117,930.60 one time payment Membership Fee

5 Building Permit Application Php86,100.00 6 Telecommunications

Direct Line Php9,000.00 Php 1,500.00/line 6 unitsTrunkline Php0.00 under negotiation 1 unit

7 ElectricityMERALCO service deposit

8 MiscellaneaousLetters Php7,500.00 Php 50.00/letter 150 letters

TOTAL PRE-DEV'T. COST Php768,978.20

staggered payment by development phase as per contract

Php 13,103.40 per month (4 months advance)

as per conversation with Mr. Teddy Concepcion, Pasig City Building Inspector

PROJECT: 35th flr. (3503 & 3504) ONE CORPORATE CENTRELOCATION: Julia Vargas corner Meralco Ave. Ortigas Center,Pasig CityTOTAL AREA: 580.17 sq.m.

PRE-CONSTRUCTION CHECKLIST

REQUIREMENTS c/o STATUS

1

2

PHES

3

4

Skala

a. Architectural Skala

b.Structural Skala

c.Electrical Skala

d.Mechanical/Fire Protection Skala

e.Sanitary Skala

5

PHES

6Payment of Construction Bond PHES

OR No.Amount Php 116,034.00

7

Contractor

Amount

8Municipal Permits PHES To follow as per accomplishment of item no. 4

Acceptance Agreement/ TurnOver of Unit

Amberland to PHES

as of April 12,2011: unit not yet fully Turned-Over, waiting for final punchlist and rectification

Authorization/ letter of Endorsement for Architects, Contractors, etc.

as of April 12,2011: draft of letter sent to KTG

Clearance to Improve (from Amberland)*

Amberland to PHES

as of April 12,2011: called Amberland to ask for the requirements to release the Clearance to Improve

Submission of For Construction Plans (3 sets)-signed and sealed (for review of PMO and subsequently 6 sets for Building Permit purposes)

as of April 12,2011: initial layouts were submitted already, KTG commented and sent his rough layouts to Arch. Charina

as of April 12,2011: initial layouts were submitted already, KTG commented and sent his rough layouts to Arch. Charinaas of April 12,2011: waiting for the finalization of the Architectural plansas of April 12,2011: waiting for the finalization of the Architectural plansas of April 12,2011: waiting for the finalization of the Architectural plansas of April 12,2011: waiting for the finalization of the Architectural plans

MERALCO Meter (Check if Installed)

as of April 12,2011: waiting for the finalization of the Electrical plans, computation of load is eesential for the computation of service deposit for the connection of electricity.

as of April 12,2011: Php 116,034.00 budget alloted, not yet paid

Insurance (CARI inclusive of CGL,TPL,and Personal Accident Insurance for Workers)

as of April 12,2011: waiting for the complete set of plans for bidding of contractors

a. Building Permit PHES To follow as per accomplishment of item no. 4

b. Electrical Permit PHES To follow as per accomplishment of item no. 4

c. Mechanical Permit PHES To follow as per accomplishment of item no. 4

d. Sanitary Permit PHES To follow as per accomplishment of item no. 4

9 Construction Requirements ContractorContractor

b. Project Cost Contractorc. List of Contractors & Workers Contractord. Temporary Electric Meter Contractore. Fire Extinguishers Contractorf. Portable Urinals Contractor

10 BMO Notice to Proceed PMO to PHES

11

Under verification of cost

a. Bar Chart/ Construction

* Others: Reimbursement of prior expenses incurred by Amberland for the initial Meralco Service Application

COSTINGCHECKLIST