MASTER AGREEMENT SIGNED (04 SEPTEMBER 2026): Backed by Fusion Developers PKR 10,000,000.00 (Rs. 10 Million) Guarantee Cheque to Al-Barakah Marquee for timely project completion
AB

Al-Barakah Marquee & SBW Engineering

Agreement Signed 04-Sept-2026

165-ft Circular Dome PEB Labour Contract • Tripartite Master Execution & Settlement Dossier

Master Contract Price
PKR 3,700,000
Lump Sum All-Inclusive Labour & Erection
Total Disbursed to Date
PKR 2,710,128
17 Bank Txns (2.235M) + K12/13 (475.1k)
Remaining Unpaid Balance
PKR 989,872
Payable Strictly on Daily Actuals
Fusion Performance Guarantee
Rs. 10,000,000
Rs. 10 Million Guarantee Cheque to Albarakah

Executive Project Summary & Final Agreement (04 September 2026)

Documented Performance Record, 04-September Tripartite Agreement & Rs. 10 Million Fusion Guarantee

Signed & Operative

FUSION DEVELOPERS RS. 10,000,000.00 (10 MILLION) PERFORMANCE GUARANTEE CHEQUE

Unconditional Completion Guarantee Issued in Favour of Al-Barakah Marquee

Rs. 1 Crore Cheque Security

To provide ironclad completion security to Al-Barakah Marquee and guarantee that the 165-ft circular dome PEB shed is delivered without further delays, M/S FUSION DEVELOPERS has handed over an unconditional Performance Guarantee Cheque of PKR 10,000,000.00 (Rupees Ten Million / One Crore Only) in favour of Al-Barakah Marquee. This guarantee remains in the secure custody of the Principal until 100% successful project completion and structural handover.

Extended Timeline Review:

From April to August 2026, Al-Barakah Marquee disbursed over PKR 2.78 Million across 17 bank transfers and emergency site labour bailouts. Despite extended deadlines, erection was delayed due to central ring sizing and fabrication errors.

04-September Master Contract:

Executed on 04 September 2026 (Ref: ABM/SBW/MASTER-FINAL-2026/04), fixing the Lump Sum price at PKR 3,700,000.00, with PKR 989,872.00 remaining balance to be disbursed strictly on daily actuals.

Ground Baseline Reset:

All 20 rafters have been de-rigged to ground level. SBW Engineering resumes sole operational responsibility to rectify the central compression ring and re-erect the dome per the updated 04–30 September 2026 milestone schedule.