Construction Photo Diary: I am off to Cambodia today

Thursday, July 17, 2008

I am off to Cambodia today

I am off to Cambodia tonight so will not be able to up load any new photos for the next 2 weeks. Sorry there are no new photos at this point.

The good news though is that all payments to date have been met and we are now working on the 4th payment which is $26000 U.S.

Andrew Cook : Heartland Chairman

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Building Contract Signed

On the afternoon of the 27/03/08, I got the SMS from Cambodia I had been waiting for. It read, "The contract is signed now. The builder will start bring tools and dig well tomorrow. We have all the plan now in our hands. Channa"

The contract reads in part ....

The Builder will implement the construction and finish it in within 200 days after the agreement signed date between both parties.

The total amount of the payment of the construction that Party A (Heartland) agreed with Party B (The Builder) is $139,108.78. (U.S. dollars)

The electrical facilities are not included in here but it’s about US$ 2,000 on top.

Party A agrees to do the percentage payment of the total amount in 6 stages as follow to Party B:

Stage 1: Paid in full
US$ 13,000.00 will be paid when the builder’s materials and Tools are firstly started on the construction land.

Stage 2: Paid in full
US$ 39,000.00 will be paid when the construction finished in 30% (that will be the completely finish of the foundation stage: foundation posts, ground floor beams and cementing the ground floor).

Stage 3: Paid in full
US$ 39,000.00 will be paid when work finish in 60% (That will be the finishing of: the room walls, the whole building wall, mezzanine floor, upper beams, upper deck floor).

Stage 4: Paid in full
US$ 26,000.00 will be paid when the building finish in 95% (That will be the finishing of: tiling the floor, roof, ceiling, painting, doors, windows, electricity lines inside the building, plumbing).

Stage 5: Paid in full
US$ 6,500.00 will be paid when the building is completely finished and hand it over to the Party A.

Stage 6: Paid in full
The last US$ 15,608.78 will be paid when the 6 month period of the perfect quality guarantee is expired.

This was the biggest faith venture I have ever been involved with. Our goal was to build debt free and move into the building by the end of October. To date we have met every payment and have nothing further owing.

I personally want to thank everyone who contributed through prayer and financial support.

Construction Photo Diary

Thursday, July 17, 2008

I am off to Cambodia today

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ARISE and BUILD

Building Contract Signed