FUTURE DIRECTIONS

Risk Description

Future planned actions

3. Delay in completion and handover of main building

Delay in main building as per tenant committed handover timelines due to delay in design submission & approval, manpower /machinery & material shortage, supply chain disruptions, material damage, design change, design failure, delay in vendor finalization, procurement delays, etc.

1. Better planning of main building activities can help to avoid any delays:-

Cladding work is to be started with roof PEB work All flooring work to be completed before monsoon or after the completion of PEB works to avoid any damage

2. All design drawings need to be released before the start of work to avoid any delays due to rework or work stoppages due to drawing changes

4. Delay in submission of statutory labour compliances

Due to the nonsubmission of labour Statutory documents like PF, ESIC etc. along with invoices may result in an intervention from the authority impacting the handover timelines due to stoppage of work and project budget due to heavy fines

Timely submission of all the required documents for statutory compliances need to be ensured from start of the project to avoid any work stoppages and project budget due to heavy fines.

5. Delay in permanent power works

Due to denial from electricity board on the load sanction application from already proposed power source, Diversion of HT cable (elevated to underground), forest NOC, etc.

1. Work order for permanent power is to be released during initial stage of the project

2. All required statutory documents need to be submitted to the vendor to initiate timely approvals for load sanctions

3. Firm commitment dates from the vendor and follow up of the same need to be taken to ensure timely completion of work

6. Delay in the receipt of Post construction approvals for building

Delay in committed handover timelines due to delay in receiving post construction approvals like Fire NOC, OC and CTO, further impacting the lease.

Timely completion of construction work is to be ensured to initiate and complete the post construction approvals. Minimum, Post construction approval timeline of around 3 months is to be considered in the baseline plan.

7. Cashflow risk

Delay in vendor payment due to insufficient funds

Timely work completion as per the set baseline dates is to be ensured to avoid any cash flow issues.